Companies · Software / Tech

Transparent Financial Systems, Inc.

SEATTLE · Software / Tech · refined from filed group “Other

Diligence memoA one-page analyst read on Transparent Financial Systems, Inc. — recommendation, valuation, rhythm, risks.
$14.2M
Total raised · real
1
Rounds
Latest step-up
Top 27%
Sector rank · raised
Series A
Latest stage · inferred · Thu Dec 19 2019 00:00:00 GMT+0000 (Coordinated Universal Time)

Transparent Financial Systems, Inc. looks over-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 technology sector profile.

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

Over-valued
  • Modeled value is 2.89× the median modeled value of Series A Software / Tech companies in 2019–2021 (278 peers) — value vs value, same stage and era.
Dormant
  • Last raise 6.5 yr ago; this sector typically re-raises about every 13 months.
  • Only one round on record and long silent — often defunct, acquired, or gone quiet.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Software / Tech

Transparent Financial Systems, Inc. is one of 3920 Software / Tech companies tracked from SEATTLE. By capital raised it ranks in the upper tier (ahead of 74% 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.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
7
Investors (latest)
2018
Year incorporated
2019-12-19
First sale
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$125M$250M$375M$500MSeries A · 2019-12-19 Raised $14M (real) Modeled valuation $394M (est)$14M$394MSeries A2019

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
Series A$14.2M · 2019

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 33%.

Modeled valuation trajectory
$393.9M
Base estimate est.
$19.0M
Conservative case
$2.1B
Upside case
$64.5M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). Valuation is modeled from stage benchmarks scaled by the technology sector profile. Directional, not a quoted figure.

Not enough modeled valuation points to chart a trajectory.

Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
54%
Survival probability
29% low · 74% high
1.50×/yr
Annual markup
1.89×/yr upside case
6.0 yr
Elapsed time used
6.5 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
Avg between rounds
Capital velocity
6.5 yr
On record since
2019
First round
1
Rounds on file
How it compares to the market

Benchmarked against 3920 companies in Software / Tech. 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) 3.1× above median
This company$14.2M
Sector median$4.6M
Latest round — vs other Series A rounds in sector (real $, this stage) 2.5× above median
This company$14.2M
Sector median$5.6M
Modeled value — vs sector median (estimate, all stages) 11× above median
This company$393.9M
Sector median$36.6M

Raised more than 74% of sector peers (real $). Modeled value above 89% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series A) 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 #11 of 278.

This companyCohort peer
$100.0M$1.0B$10.0M$100.0MCapital raised (log)Digital Hands, LLC · Series A Raised $15.0M · modeled $416.1M (est)Ophelius Labs Inc · Series A Raised $15.0M · modeled $416.1M (est)StreetLight Data Inc. · Series A Raised $40.5M · modeled $416.1M (est)Unlimited Labs Inc. · Series A Raised $23.9M · modeled $416.1M (est)Numerated Growth Technologies, Inc. · Series A Raised $27.5M · modeled $416.1M (est)Carevive Systems, Inc. · Series A Raised $22.2M · modeled $414.9M (est)Lyra Technologies, Inc. · Series A Raised $19.5M · modeled $414.5M (est)Panther Labs Inc. · Series A Raised $20.4M · modeled $405.4M (est)Ascent Technologies, Inc. · Series A Raised $22.1M · modeled $405.0M (est)Weyland Tech, Inc. · Series A Raised $15.3M · modeled $396.3M (est)Racktop Systems, Inc. · Series A Raised $14.9M · modeled $385.3M (est)Transparent Financial Systems, Inc. (this company) Raised $14.2M · modeled $393.9M (est)Transparent Financial Systems, Inc.
CompanyStageRaised · realValue · estvs peer med.
Digital Hands, LLCSeries A$15.0M$416.1M3.06×
Ophelius Labs IncSeries A$15.0M$416.1M3.06×
StreetLight Data Inc.Series A$40.5M$416.1M3.06×
Unlimited Labs Inc.Series A$23.9M$416.1M3.06×
Numerated Growth Technologies, Inc.Series A$27.5M$416.1M3.06×
Carevive Systems, Inc.Series A$22.2M$414.9M3.05×
Lyra Technologies, Inc.Series A$19.5M$414.5M3.04×
Panther Labs Inc.Series A$20.4M$405.4M2.98×
Ascent Technologies, Inc.Series A$22.1M$405.0M2.97×
Weyland Tech, Inc.Series A$15.3M$396.3M2.91×
Transparent Financial Systems, Inc. this companySeries A$14.2M$393.9M2.89×
Racktop Systems, Inc.Series A$14.9M$385.3M2.83×
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.
Series A$14.2M2019-12-19$64.5M$393.9M90%
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. Series A$14.2M2019-12-19
    • First recorded raise — entered as Series A.
    • 7 investors on this round.
Intelligence
Modeled next raise
$22.7M
Modeled next size est.range $14.8M$36.4M
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.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Jalak Jobanputra3 other2019-12
Joey Krug3 other2019-12
Alex Fowler2019-12
Chris Orndorff2019-12
Jeffrey A. Kramer2019-12
Registry & provenance

Transparent Financial Systems, Inc. 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
US
Jurisdiction
1799037
SEC CIK
2018
Incorporated
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
Customer Analytics Technologies Inc.Software / TechSeries A$14.3M$226.4Msame sector · same stage
Prefect Technologies, Inc.Software / TechSeries A$14.1M$274.7Msame sector · same stage
Aurigo Software Technologies IncSoftware / TechSeries A$14.3M$221.9Msame sector · same stage
inFeedo Tech Inc.Software / TechSeries A$14.3M$205.9Msame sector · same stage
Orchestra Software, Inc.Software / TechSeries A$14.0M$389.5Msame sector · same stage
Quotient Technology Inc.Software / TechSeries A$14.0M$360.6Msame sector · same stage
Dais Technology, Inc.Software / TechSeries A$14.0M$249.7Msame sector · same stage
Active Protective Technologies, Inc.Software / TechSeries A$14.5M$245.8Msame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
TransparentC, Inc.OtherPre-Seed$19.5M84%
TransparentBusiness, Inc.Other TechnologyGrowth/Late$116.6M84%
Lighthouse Financial Technologies, Inc.Software / TechSeries A$103.1M84%
Fuse Financial Technologies Inc.Software / TechSeed$19.1M83%
AmeriTrust Financial Technologies Inc.Software / TechPre-Seed$527K83%
Ease Financial Technologies, Inc.Software / TechSeries A$26.2M82%
Indy Financial Technologies, Inc.Software / TechSeed$40.2M82%
Fin Technologies, Inc.Software / TechSeries C$1.9B82%
Frequently asked
How much funding has Transparent Financial Systems, Inc. raised?
Transparent Financial Systems, Inc. has raised approximately $14.2M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Transparent Financial Systems, Inc.'s estimated valuation?
Provath's modeled valuation for Transparent Financial Systems, Inc. is approximately $393.9M (modeled range $19.0M–$2.1B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Transparent Financial Systems, Inc. at?
Transparent Financial Systems, Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Thu Dec 19.
What does Transparent Financial Systems, Inc. do and where is it based?
Transparent Financial Systems, Inc. operates in the Software / Tech sector, based in SEATTLE.
Explore related

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