Diligence memo · auto-generated · as of July 2, 2026
Zeal
Zeal looks fair against its niche peers and is at-risk on financing cadence.
Businessfiled
Zeal operates in Fintech, based in San Francisco, CA, USA. Modern payroll for modern work
Sub-sector tags: B2B, Fintech, SaaS, fintech, hr/worktech.
Capital & rounds (filed)filed
Zeal has raised $4.0M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Seed (a $1.0M–$4.0M round).
Largest single filing: $4.0M on 2024-01-25.
Most recent recorded round closed around 2024-01-25.
Valuation (modeled)modeled
Provath models Zeal at approximately $25M (range $3.5M–$75M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: 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.
Financing rhythm & timingmixed
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.
Comparablesmixed
Capital scale ranks ahead of 83% of Fintech peers (1063 compared).
Modeled value ranks above 78% of those peers.
Closest niche peers: Floatpays Inc, Sote, Inc., Earnipay, Pink Swan Trading, Inc., Tweed Payments Inc..
Risks & flagsmixed
Overdue for a raise versus sector norm — distress or bridge risk.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.