Diligence memo · auto-generated · as of July 2, 2026
Thepeer
Thepeer looks under-valued against its niche peers and is at-risk on financing cadence.
Businessfiled
Thepeer operates in Fintech, based in Africa. Nigerian fintech startup Thepeer, which provided APIs allowing customers to embed financial products into their platforms, has closed down after failing to scale post-funding.
Sub-sector tags: fintech.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Thepeer has raised $2.1M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Seed (a $1.0M–$4.0M round).
Largest single filing: $2.1M on 2024-04-08.
Most recent recorded round closed around 2024-04-08.
Valuation (modeled)modeled
Provath models Thepeer at approximately $12M (range $1.8M–$34M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.54× the median modeled value of Seed Fintech companies in 2022–2024 (53 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Last raise 2.2 yr ago; this sector typically re-raises about every 12 months.
Past due for a raise versus sector cadence — watch for distress or a bridge.
Comparablesmixed
Capital scale ranks ahead of 78% of Fintech peers (1063 compared).
Modeled value ranks above 74% of those peers.
Closest niche peers: Floatpays Inc, Sote, Inc., Earnipay, Pink Swan Trading, Inc., Tweed Payments Inc..
Risks & flagsmixed
Overdue for a raise versus sector norm — distress or bridge risk.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.