Diligence memo · auto-generated · as of July 2, 2026
Summit Pay, Inc.
Summit Pay, Inc. looks over-valued against its niche peers and is active on financing cadence.
Businessfiled
Summit Pay, Inc. operates in Fintech, based in NASHVILLE.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Summit Pay, Inc. has raised $12M 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: $12M on 2026-01-28.
Most recent recorded round closed around 2026-01-28.
Valuation (modeled)modeled
Provath models Summit Pay, Inc. at approximately $34M (range $16M–$51M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 1.89× the median modeled value of Series A Fintech companies in 2025–2027 (18 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Last raise 5 mo ago; this sector typically re-raises about every 12 months.
Raising on or ahead of the sector's normal rhythm.
Comparablesmixed
Capital scale ranks ahead of 89% of Fintech peers (1063 compared).
Modeled value ranks above 80% of those peers.
Closest niche peers: Money Fellows, Raenest, Wildlife Partners Raleigh Wealth Solutions EBP 2, Lending Market Technology Inc., Forest City Trading Group, LLC.
Peoplefiled
3 named people on file across officers, directors and signatories.
Risks & flagsmixed
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.