Companies · Fintech

ZealSummer 2019Active

San Francisco · CA, USA · Fintech · founded 2019 · https://www.zeal.com

Diligence memoA one-page analyst read on Zeal — recommendation, valuation, rhythm, risks.
$4.0M
Total raised · real
1
Rounds
Latest step-up
Top 18%
Sector rank · raised
Seed
Latest stage · inferred · Thu Jan 25 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

Zeal looks fair against its niche peers and is at-risk 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.

Fair
  • Modeled value is 1.13× the median modeled value of Seed Fintech companies in 2022–2024 (53 peers) — value vs value, same stage and era.
  • Within the normal band (113% of peer median) for its niche.
At-risk
  • Last raise 2.4 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.
Where it sits in Fintech

Zeal is one of 1063 Fintech companies tracked from San Francisco, CA, USA, on record since 2019. By capital raised it ranks in the upper tier (ahead of 83% 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.

Modern payroll for modern work

Egyptian fintech and customer loyalty app Zeal has closed a US$4 million funding round to help it increase its footprint into the wider MENA market.

B2BFintechSaaSfintechhr/worktech
Find Zeal online

As reported in public records reported — not modeled.

US
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$13M$25M$38M$50MSeed · 2024-01-25 Raised $4.0M (real) Modeled valuation $25M (est)$4.0M$25MSeed2024

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
Seed$4.0M · 2024

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.

Modeled valuation trajectory
$25.0M
Base estimate est.
$3.5M
Conservative case
$74.7M
Upside case
$20.0M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Seeda $1.0M–$4.0M round). 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
20%
Dilution assumption
Implied ownership sold in the financing.
38%
Survival probability
17% low · 60% high
1.62×/yr
Annual markup
2.13×/yr upside case
2.4 yr
Elapsed time used
2.4 yr actual, capped for stale marks
fintech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
Avg between rounds
Capital velocity
2.4 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) 0.9× of median
This company$4.0M
Sector median$4.3M
Latest round — vs other Seed rounds in sector (real $, this stage) 2.0× above median
This company$4.0M
Sector median$2.0M
Modeled value — vs sector median (estimate, all stages) 0.6× of median
This company$25.0M
Sector median$45.0M

Raised more than 83% of sector peers (real $). Modeled value above 78% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (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 #24 of 53.

This companyCohort peer
$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)Floatpays Inc · Seed Raised $4.0M · modeled $65.7M (est)Sote, Inc. · Seed Raised $11.3M · modeled $65.5M (est)Earnipay · Seed Raised $4.0M · modeled $63.7M (est)Pink Swan Trading, Inc. · Seed Raised $3.3M · modeled $55.7M (est)Tweed Payments Inc. · Seed Raised $4.0M · modeled $53.7M (est)Coverage Cat Inc. · Seed Raised $4.0M · modeled $52.7M (est)Remedial Health · Seed Raised $4.4M · modeled $52.7M (est)Duplo · Seed Raised $4.3M · modeled $52.6M (est)Flash · Seed Raised $6.0M · modeled $48.3M (est)Mobie Payments, Inc. · Seed Raised $3.0M · modeled $47.0M (est)BluePenguin Payments Inc. · Seed Raised $3.2M · modeled $45.5M (est)ImaliPay · Seed Raised $3.0M · modeled $44.6M (est)Zeal (this company) Raised $4.0M · modeled $25.0M (est)Zeal
CompanyStageRaised · realValue · estvs peer med.
Floatpays IncSeed$4.0M$65.7M2.99×
Sote, Inc.Seed$11.3M$65.5M2.98×
EarnipaySeed$4.0M$63.7M2.90×
Pink Swan Trading, Inc.Seed$3.3M$55.7M2.53×
Tweed Payments Inc.Seed$4.0M$53.7M2.44×
Coverage Cat Inc.Seed$4.0M$52.7M2.40×
Remedial HealthSeed$4.4M$52.7M2.40×
DuploSeed$4.3M$52.6M2.39×
FlashSeed$6.0M$48.3M2.19×
Mobie Payments, Inc.Seed$3.0M$47.0M2.14×
BluePenguin Payments Inc.Seed$3.2M$45.5M2.07×
ImaliPaySeed$3.0M$44.6M2.03×
Zeal this companySeed$4.0M$25.0M1.13×
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.
Seed$4.0M2024-01-25$20.0M$25.0M45%
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. Seed$4.0M2024-01-25
    • First recorded raise — entered as Seed.
Intelligence
Modeled next raise
$6.4M
Modeled next size est.range $4.2M$10.2M
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

Zeal 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
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
PayTicFintechSeed$4.0M$13.9Msame sector · same stage
Talli Digital Payments, Inc.FintechSeed$4.0M$18.9Msame sector · same stage
Eaglestone Tax & Wealth Advisors, Inc.FintechSeed$4.0M$20.2Msame sector · same stage
WealthForge Holdings, Inc.FintechSeed$4.1M$7.2Msame sector · same stage
Up Payments HoldingFintechSeed$3.8M$29.8Msame sector · same stage
KNCT Lending III, LLCFintechSeed$3.7M$36.5Msame sector · same stage
SmartPath, Inc.FintechSeed$4.4M$48.5Msame sector · same stage
Healia, Inc.FintechSeed$3.5M$20.9Msame 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
Every
Banking + Payroll/Benefits + Bookkeeping + Tax in one place
Fintech78%
Mendel
Workflows to empower employees to spend while finance stay in control
Fintech77%
LaminateFintech76%
Momence
Scheduling and payments for experiences
Fintech76%
Zeal Analytics, Inc.Software / TechPre-Seed$6.1M76%
ParibusFintech76%
PestoFintech76%
Ruleset
The SaaS Decision Engine for Lenders
Fintech75%
Frequently asked
How much funding has Zeal raised?
Zeal has raised approximately $4.0M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Zeal's estimated valuation?
Provath's modeled valuation for Zeal is approximately $25.0M (modeled range $3.5M–$74.7M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Zeal at?
Zeal's latest modeled financing stage is Seed. Its most recent recorded round closed around Thu Jan 25.
What does Zeal do and where is it based?
Zeal operates in the Fintech sector, based in San Francisco, CA, USA. Modern payroll for modern work
Explore related

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

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