Companies · Fintech

TurnStay

Africa · Fintech

Diligence memoA one-page analyst read on TurnStay — recommendation, valuation, rhythm, risks.→
$300K
Total raised · real
1
Rounds
—
Latest step-up
Top 33%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Tue Jul 16 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

TurnStay looks under-valued against its niche peers and is quiet 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 0.22× the median modeled value of Pre-Seed Fintech companies in 2022–2024 (31 peers) — value vs value, same stage and era.
Quiet
  • Last raise 24 mo ago; this sector typically re-raises about every 12 months.
  • Slightly overdue versus sector cadence.
Where it sits in Fintech

TurnStay is one of 1063 Fintech companies tracked from Africa. By capital raised it ranks mid-pack (ahead of 68% of sector peers), and mid-pack by modeled valuation est..

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

SA travel-fintech TurnStay raises $300k funding to expand into new markets 0 By Tom Jackson on July 16, 2024 News , Southern Africa South African travel-focused fintech TurnStay has secured US$300,000 in funding to expand the business into other African markets and build on the significant traction already achieved. Founded by experienced entrepreneurs Alon Stern, co-founder of Slide Financial, and James Hedley, co-founder of Quicket, TurnStay reduces the cost of getting paid for African merchants and platforms in travel and tourism by harnessing the same “tricks” used by the world’s biggest b

SA travel-fintech TurnStay raises $300k funding to expand into new markets 0 By Tom Jackson on July 16, 2024 News , Southern Africa South African travel-focused fintech TurnStay has secured US$300,000 in funding to expand the business into other African markets and build on the significant traction already achieved. Founded by experienced entrepreneurs Alon Stern, co-founder of Slide Financial, and James Hedley, co-founder of Quicket, TurnStay reduces the cost of getting paid for African merchants and platforms in travel and tourism by harnessing the same “tricks” used by the world’s biggest b

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$500K$1.0M$1.5M$2.0MPre-Seed · 2024-07-16 Raised $300K (real) Modeled valuation $1.4M (est)$300K$1.4MPre-Seed2024

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$300K · 2024

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

Modeled valuation trajectory
$1.4M
Base estimate est.
$192K
Conservative case
$4.7M
Upside case
$1.7M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Pre-Seed — a 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
2.0 yr
Elapsed time used
2.0 yr actual, capped for stale marks
fintech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
—
Avg between rounds
—
Capital velocity
2.2 yr
On record since
2024
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$300K
Sector median$4.3M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage)▼ 0.5× of median
This company$300K
Sector median$550K
Modeled value — vs sector median (estimate, all stages)▼ 0.0× of median
This company$1.4M
Sector median$45.1M

Raised more than 68% of sector peers (real $). Modeled value above 67% 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 #29 of 31.

This companyCohort peer
$1.0M$10.0M$100.0M$100K$1.0M$10.0MCapital raised (log)MoneyHash · Pre-Seed Raised $3.0M · modeled $53.6M (est)Nexta · Pre-Seed Raised $2.2M · modeled $37.7M (est)Sava · Pre-Seed Raised $1.8M · modeled $26.1M (est)Exponent Wealth Inc. · Pre-Seed Raised $900K · modeled $13.4M (est)Anchor · Pre-Seed Raised $1.0M · modeled $13.2M (est)Exits.me · Pre-Seed Raised $1.0M · modeled $12.8M (est)Lipa Payments · Pre-Seed Raised $660K · modeled $11.6M (est)Buoy Pay Inc. · Pre-Seed Raised $634K · modeled $9.9M (est)Buoy Pay I, LLC · Pre-Seed Raised $620K · modeled $9.7M (est)Zofi Cash · Pre-Seed Raised $1.0M · modeled $8.8M (est)SETTLE · Pre-Seed Raised $2.0M · modeled $8.4M (est)Syarpa · Pre-Seed Raised $500K · modeled $8.1M (est)TurnStay (this company) Raised $300K · modeled $1.4M (est)TurnStay
CompanyStageRaised · realValue · estvs peer med.
MoneyHashPre-Seed$3.0M$53.6M8.45×
NextaPre-Seed$2.2M$37.7M5.95×
SavaPre-Seed$1.8M$26.1M4.11×
Exponent Wealth Inc.Pre-Seed$900K$13.4M2.12×
AnchorPre-Seed$1.0M$13.2M2.09×
Exits.mePre-Seed$1.0M$12.8M2.02×
Lipa PaymentsPre-Seed$660K$11.6M1.83×
Buoy Pay Inc.Pre-Seed$634K$9.9M1.57×
Buoy Pay I, LLCPre-Seed$620K$9.7M1.53×
Zofi CashPre-Seed$1.0M$8.8M1.39×
SETTLEPre-Seed$2.0M$8.4M1.33×
SyarpaPre-Seed$500K$8.1M1.27×
TurnStay this companyPre-Seed$300K$1.4M0.22×
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$300K2024-07-16$1.7M$1.4M45%
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$300K2024-07-16
    • First recorded raise — entered as Pre-Seed.
Intelligence
—
Modeled next raise
$480K
Modeled next size est.range $312K–$768K
—
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

TurnStay 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
Patriot Pay, LLCFintechPre-Seed$275K$549Ksame sector · same stage
Generational Wealth Partners, LLCFintechPre-Seed$250K$2.0Msame sector · same stage
EasyBankFintechPre-Seed$370K$1.3Msame sector · same stage
Cinergy Wealth LLCFintechPre-Seed$400K$1.0Msame sector · same stage
Collective Wealth, LlcFintechPre-Seed$400K$2.3Msame sector · same stage
Circuit Pay, Inc.FintechPre-Seed$200K$731Ksame sector · same stage
Hc Lending LlcFintechPre-Seed$450K$1.2Msame sector · same stage
Stream Pay Platforms Africa Inc.FintechPre-Seed$500K$1.2Msame sector · same stage
Frequently asked
How much funding has TurnStay raised?
TurnStay has raised approximately $300K in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is TurnStay's estimated valuation?
Provath's modeled valuation for TurnStay is approximately $1.4M (modeled range $192K–$4.7M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is TurnStay at?
TurnStay's latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Tue Jul 16.
What does TurnStay do and where is it based?
TurnStay operates in the Fintech sector, based in Africa. SA travel-fintech TurnStay raises $300k funding to expand into new markets 0 By Tom Jackson on July 16, 2024 News , Southern Africa South African travel-focused fintech TurnStay has secured US$300,000 in funding to expand the business into other African markets and build on the significant traction already achieved. Founded by experienced entrepreneurs Alon Stern, co-founder of Slide Financial, and James Hedley, co-founder of Quicket, TurnStay reduces the cost of getting paid for African merchants and platforms in travel and tourism by harnessing the same “tricks” used by the world’s biggest b
Explore related

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