Diligence memo · auto-generated · as of July 2, 2026
Sote, Inc.
Sote, Inc. looks over-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Sote, Inc. operates in Fintech, based in SAN FRANCISCO. Kenyan supply chain-focused Sote has raised a US$4 million seed extension round to expand its offering into the fintech space.
Sub-sector tags: fintech.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Sote, Inc. has raised $11M in disclosed capital across 3 recorded rounds, aggregated from public filings. Its latest round is modeled as Seed (a $1.0M–$4.0M round).
Largest single filing: $4.0M on 2022-01-28.
Most recent recorded round closed around 2022-01-28.
Valuation (modeled)modeled
Provath models Sote, Inc. at approximately $66M (range $3.5M–$336M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 2.98× the median modeled value of Seed Fintech companies in 2022–2024 (53 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 7 months.
Last raise 4.4 yr ago; this sector typically re-raises about every 12 months.
Silent for over 3× the sector's normal cadence.
The last round stepped up 1.1× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 89% of Fintech peers (1063 compared).
Modeled value ranks above 86% of those peers.
Closest niche peers: Floatpays Inc, Earnipay, Pink Swan Trading, Inc., Tweed Payments Inc., Coverage Cat Inc..
Peoplefiled
6 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.