Companies · Fintech

Sticitt

Africa · Fintech · founded 2018

Diligence memoA one-page analyst read on Sticitt — recommendation, valuation, rhythm, risks.
$249K
Total raised · real
1
Rounds
Latest step-up
Top 34%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Thu Jun 04 2020 00:00:00 GMT+0000 (Coordinated Universal Time)

Sticitt looks under-valued against its niche peers and is dormant on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the fintech sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Under-valued
  • Modeled value is 0.50× the median modeled value of Pre-Seed Fintech companies in 2019–2021 (29 peers) — value vs value, same stage and era.
Dormant
  • Last raise 6.1 yr ago; this sector typically re-raises about every 12 months.
  • Only one round on record and long silent — often defunct, acquired, or gone quiet.
Where it sits in Fintech

Sticitt is one of 1063 Fintech companies tracked from Africa, on record since 2018. By capital raised it ranks mid-pack (ahead of 67% of sector peers), and in the upper tier by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

SA cashless payments startup Sticitt raises $249k funding 0 By Tom Jackson on June 4, 2020 News , Southern Africa South African cashless payments startup Sticitt has raised ZAR4.25 million (US$249,000) in funding so far this year to cover operational expenses to support its current market rollouts. Founded at the beginning of 2018 by Mitch Dart, Dennis Wevell and Theo Kitshoff, Sticitt was launched to establish a simplified banking alternative.

SA cashless payments startup Sticitt raises $249k funding 0 By Tom Jackson on June 4, 2020 News , Southern Africa South African cashless payments startup Sticitt has raised ZAR4.25 million (US$249,000) in funding so far this year to cover operational expenses to support its current market rollouts. Founded at the beginning of 2018 by Mitch Dart, Dennis Wevell and Theo Kitshoff, Sticitt was launched to establish a simplified banking alternative.

fintech

As reported in public records reported — not modeled.

ZA
Jurisdiction
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$5.0M$10M$15M$20MPre-Seed · 2020-06-04 Raised $249K (real) Modeled valuation $11M (est)$249K$11MPre-Seed2020

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Pre-Seed$249K · 2020

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$10.9M
Base estimate est.
$159K
Conservative case
$123.6M
Upside case
$1.4M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Pre-Seeda round under $1.0M). Valuation is modeled from stage benchmarks scaled by the fintech sector profile. Directional, not a quoted figure.

Not enough modeled valuation points to chart a trajectory.

Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
29%
Survival probability
12% low · 53% high
1.74×/yr
Annual markup
2.35×/yr upside case
6.0 yr
Elapsed time used
6.1 yr actual, capped for stale marks
fintech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
Avg between rounds
Capital velocity
6.1 yr
On record since
2020
First round
1
Rounds on file
How it compares to the market

Benchmarked against 1063 companies in Fintech. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 0.1× of median
This company$249K
Sector median$4.3M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 0.5× of median
This company$249K
Sector median$550K
Modeled value — vs sector median (estimate, all stages) 0.2× of median
This company$10.9M
Sector median$45.0M

Raised more than 67% of sector peers (real $). Modeled value above 73% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Pre-Seed) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #27 of 29.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0B$100K$1.0M$10.0MCapital raised (log)Telda · Pre-Seed Raised $5.0M · modeled $134.8M (est)Prospa · Pre-Seed Raised $3.8M · modeled $86.2M (est)Kuda · Pre-Seed Raised $1.6M · modeled $70.1M (est)Wapi Pay · Pre-Seed Raised $2.2M · modeled $52.7M (est)Okra · Pre-Seed Raised $1.0M · modeled $43.8M (est)Hypcloud Inc. · Pre-Seed Raised $936K · modeled $41.0M (est)Chaka · Pre-Seed Raised $1.5M · modeled $36.8M (est)Fintech. TV PBC · Pre-Seed Raised $840K · modeled $35.1M (est)Cassbana · Pre-Seed Raised $1.0M · modeled $32.6M (est)OnePipe · Pre-Seed Raised $950K · modeled $32.2M (est)Aella Inc. · Pre-Seed Raised $655K · modeled $28.7M (est)Ensibuuko · Pre-Seed Raised $1.0M · modeled $27.5M (est)Sticitt (this company) Raised $249K · modeled $10.9M (est)Sticitt
CompanyStageRaised · realValue · estvs peer med.
TeldaPre-Seed$5.0M$134.8M6.17×
ProspaPre-Seed$3.8M$86.2M3.95×
KudaPre-Seed$1.6M$70.1M3.21×
Wapi PayPre-Seed$2.2M$52.7M2.41×
OkraPre-Seed$1.0M$43.8M2.01×
Hypcloud Inc.Pre-Seed$936K$41.0M1.88×
ChakaPre-Seed$1.5M$36.8M1.68×
Fintech. TV PBCPre-Seed$840K$35.1M1.61×
CassbanaPre-Seed$1.0M$32.6M1.49×
OnePipePre-Seed$950K$32.2M1.47×
Aella Inc.Pre-Seed$655K$28.7M1.31×
EnsibuukoPre-Seed$1.0M$27.5M1.26×
Sticitt this companyPre-Seed$249K$10.9M0.50×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Pre-Seed$249K2020-06-04$1.4M$10.9M45%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Pre-Seed$249K2020-06-04
    • First recorded raise — entered as Pre-Seed.
Intelligence
Modeled next raise
$398K
Modeled next size est.range $259K$637K
Last step-up
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Registry & provenance

Sticitt is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
ZA
Jurisdiction
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Generational Wealth Partners, LLCFintechPre-Seed$250K$2.0Msame sector · same stage
xPayFintechPre-Seed$250K$10.9Msame sector · same stage
RAZE Fintech IncFintechPre-Seed$254K$3.3Msame sector · same stage
Patriot Pay, LLCFintechPre-Seed$275K$549Ksame sector · same stage
17 Central Banker/Last Rendezvous, LlcFintechPre-Seed$298K$13.1Msame sector · same stage
TurnStayFintechPre-Seed$300K$1.4Msame sector · same stage
Circuit Pay, Inc.FintechPre-Seed$200K$730Ksame sector · same stage
Flex FinanceFintechPre-Seed$200K$4.0Msame sector · same stage
Frequently asked
How much funding has Sticitt raised?
Sticitt has raised approximately $249K in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Sticitt's estimated valuation?
Provath's modeled valuation for Sticitt is approximately $10.9M (modeled range $159K–$123.6M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Sticitt at?
Sticitt's latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Thu Jun 04.
What does Sticitt do and where is it based?
Sticitt operates in the Fintech sector, based in Africa. SA cashless payments startup Sticitt raises $249k funding 0 By Tom Jackson on June 4, 2020 News , Southern Africa South African cashless payments startup Sticitt has raised ZAR4.25 million (US$249,000) in funding so far this year to cover operational expenses to support its current market rollouts. Founded at the beginning of 2018 by Mitch Dart, Dennis Wevell and Theo Kitshoff, Sticitt was launched to establish a simplified banking alternative.
Explore related

See where Sticitt sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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