Diligence memo · auto-generated · as of July 2, 2026
Sourcefin
Sourcefin has raised $8.2M over 1 round; too few niche peers to rank its valuation yet.
Businessfiled
Sourcefin operates in Investment Vehicle, based in Africa. SA fintech Sourcefin raises $8.2m funding from Futuregrowth to boost access to SME finance 0 By Tom Jackson on December 19, 2024 News , Southern Africa South African fintech and alternative funding provider Sourcefin, which provides access to finance and specialist supply chain support for small and medium-sized enterprises (SMMEs), has secured ZAR150 million (US$8.2 million) in funding from Futuregrowth Asset Management. Founded in 2020, Sourcefin is an enabler of the forgotten SMME and addresses the critical gap in SMME financing, empowering businesses to overcome working capital challenges
Sub-sector tags: fintech.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Sourcefin has raised $8.2M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $8.2M on 2024-12-19.
Most recent recorded round closed around 2024-12-19.
Valuation (modeled)modeled
Provath models Sourcefin at approximately $32M (range $11M–$63M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Too few comparable companies in this niche to rank the valuation fairly yet.
Financing rhythm & timingmixed
Not enough dated financing history to read a financing rhythm.
Comparablesmixed
Capital scale ranks ahead of 68% of Investment Vehicle peers (1793 compared).
Modeled value ranks above 55% of those peers.
Risks & flagsmixed
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.