-84%

est. 2Y upside i

FinTechSeries B

Rank

#3636

Sector

Fintech, Cryptocurrency Wallet, DeFi

Est. Liquidity

~4Y

Data Quality

Data: Low

Equity upside is expected to be negative given the $315M entry valuation on $7.7M revenue, implying a 40x multiple that is far above public comps.

Last updated: July 19, 2026

Bull (10%)-63%

Exit multiple holds at 12x on $12M revenue ($144M), but after 20% dilution, return is -63.4% from $315M entry. IPO window or category leadership would be needed to sustain multiple.

Base (50%)-76%

Exit multiple converges to 8x on $12M revenue ($96M), after 20% dilution return is -75.6%. Public comps trade at 6-12x, making this the most likely outcome.

Bear (40%)-100%

Exit value $48M (4x revenue) falls below $56M total funding, common stock is wiped out by 1x non-participating preference. Incumbent threat from Coinbase Wallet and MetaMask accelerates compression.

Est. time to liquidity~4.0 years

Preference Stack Risk

moderate

Funding Intensity

18%

Total funding $56M vs valuation $315M (17.8%) – moderate preference overhang.

Dilution Risk

high

With no funding since 2022 and likely cash burn, a new round is probable, diluting existing shareholders by ~20%.

Secondary Liquidity

none

No secondary market activity reported.

Questions to Ask at the Interview

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

  • 1

    “How does Argent plan to differentiate against Coinbase Wallet and MetaMask?”

  • 2

    “What is the path to profitability and current burn rate?”

  • 3

    “How does the employee equity structure work, and are there secondary liquidity options?”

Community

Valuation Sentiment

Our model estimates -84% 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.