-92%

est. 2Y upside i

FinTechSeries C

AtoB is building Stripe for Transportation — modernizing the payments infrastructure for trucking and logistics. Supply chains rely on the timely movement of capital to function efficiently. Our end game is a world in which that capital movement occurs fairly, smoothly, and without delay. As we pursue that end game, we aim to center our customers in every way — offering them world-class customer experience and building products that work with and around the unique constraints of their daily live

Rank

#3711

Sector

FinTech

Est. Liquidity

~5Y

Data Quality

Data: Medium

Given a 5% growth rate, a valuation multiple of 17.8x, and severe preference overhang ($346M vs $661M valuation), the expected 2-year equity upside is -92%.

Last updated: July 21, 2026

Bull (10%)-55%

Revenue reaches ~$39.7M in 24 months. Exit multiple holds at 10x (optimistically) due to potential IPO window, but high incumbent pressure limits upside. After 15% dilution, downside is -55%.

Base (40%)-91%

Exit multiple compresses to 4x near public comps, exit value $159M. After 15% dilution, downside is -91%.

Bear (50%)-100%

Exit multiple collapses to 2x, exit value $79M, below $346M total funding. Preference liquidation wipes out common stock, resulting in -100% upside.

Est. time to liquidity~5.0 years

Preference Stack Risk

severe

Funding Intensity

52%

Total funding of $346M against a $661M valuation gives a 52% preference overhang. Common stock only receives value after the first $346M of exit proceeds.

Dilution Risk

moderate

With low growth, a future capital raise is possible but not imminent. Estimated 15% dilution from any future rounds within the next 2 years.

Secondary Liquidity

limited

Secondary market implied valuation at $693M, slightly above current round, but liquidity is limited and not a reliable source of exit.

Sales — 4 roles

Engineering — 3 roles

Marketing — 2 roles

Product — 1 role

View all 10 open roles at AtoB →

Last updated: September 6, 2026

Questions to Ask at the Interview

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

  • 1

    “How will AtoB compete against incumbents like WEX and FleetCor given their extensive network and customer base?”

  • 2

    “What is the path to profitability given the low revenue growth?”

  • 3

    “How does the preference stack affect common stock value in potential exit scenarios?”

Community

Valuation Sentiment

Our model estimates -92% 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.