Diligence memo · auto-generated · as of July 2, 2026
Wapi Pay
Wapi Pay looks over-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Wapi Pay operates in Fintech, based in Kenya, Africa. Kenyan fintech startup Wapi Pay, which also has operations in Singapore, has raised a US$2.2 million pre-seed funding round to help it engage regulators for licensing across Africa, and drive higher and sustained growth.
Sub-sector tags: fintech.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Wapi Pay has raised $2.2M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Pre-Seed (a round under $1.0M).
Largest single filing: $2.2M on 2021-08-04.
Most recent recorded round closed around 2021-08-04.
Valuation (modeled)modeled
Provath models Wapi Pay at approximately $53M (range $1.4M–$430M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 2.41× the median modeled value of Pre-Seed Fintech companies in 2019–2021 (29 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Last raise 4.9 yr ago; this sector typically re-raises about every 12 months.
Only one round on record and long silent — often defunct, acquired, or gone quiet.
Comparablesmixed
Capital scale ranks ahead of 78% of Fintech peers (1063 compared).
Modeled value ranks above 85% of those peers.
Closest niche peers: Telda, Prospa, Kuda, Okra, Hypcloud Inc..
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.