-95%

est. 2Y upside i

FinTech

Platform for startup fundraising fund management and venture investing

Rank

#3734

Sector

Fintech

Est. Liquidity

~4Y

Data Quality

Data: Low

Equity upside is deeply negative across all scenarios due to a 64% revenue decline and high multiple.

Last updated: July 21, 2026

Bull (15%)-83%

Bull case assumes revenue reaches $75M by 2028 and exit multiple holds at 20x (in line with public fintech peers), net of 20% dilution. Implied exit value $1.5B, but still below current valuation. Requires strong adoption of new products and IPO window.

Base (40%)-93%

Base case: revenue stabilizes at $75M, multiple compresses to 15x (below public comps) due to continued market headwinds, net dilution 20%. Exit value $1.125B, significant loss on current valuation.

Bear (45%)-100%

Bear case: revenue declines below $75M and multiple falls to 10x, net dilution drives net return to -100% as common stock value is wiped out by preference and further dilution.

Est. time to liquidity~4.0 years
Adjusted for competitive dynamics: -95% (raw: -95%, adjustment: -0%)

Preference Stack Risk

low

Funding Intensity

459%

Total preferred stock of $188M represents only 4.6% of current valuation, so low risk of preference overhang.

Dilution Risk

moderate

The company raised $44M recently and may need additional capital given declining revenue, implying moderate dilution risk.

Secondary Liquidity

none

No secondary market transactions reported, likely no liquidity for employees.

AngelList — 19 roles

View all 19 open roles at AngelList →

Last updated: March 10, 2026

Questions to Ask at the Interview

Strategic questions based on AngelList's data — designed to show you've done your homework.

  • 1

    “How would you drive revenue growth given the 64% decline?”

  • 2

    “What is your view on the competitive landscape with Carta and Wefunder?”

  • 3

    “How do you evaluate the risk of further dilution given the need for capital?”

Community

Valuation Sentiment

Our model estimates -95% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.