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 23 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-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
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
2.0 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$45.0M

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 $53.5M (est)Nexta · Pre-Seed Raised $2.2M · modeled $37.7M (est)Sava · Pre-Seed Raised $1.8M · modeled $26.0M (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$53.5M8.45×
NextaPre-Seed$2.2M$37.7M5.95×
SavaPre-Seed$1.8M$26.0M4.11×
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$730Ksame 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

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

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