-79%

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

#4244

Sector

Fintech

Est. Liquidity

~3Y

Data Quality

Data: High

AtoB's current secondary market valuation of ~$864 million, representing an extremely high ~23.35x revenue multiple on just $37 million in revenue and 5% YoY growth, presents a highly risky equity opportunity.

Last updated: March 10, 2026

Bull (10%)+75%

AtoB successfully integrates LogiPe and expands into new fleet segments, leveraging partnerships to accelerate revenue growth to 35% YoY, reaching ~$70M by 2028. This growth, coupled with improved margins, could justify a $1.5B valuation, reflecting renewed momentum despite a high multiple.

Base (40%)-10%

AtoB continues to grow slowly at 5-10% YoY, reaching ~$45M revenue by 2028. While maintaining its niche, competitive pressures and the high current 23.35x revenue multiple lead to a slight valuation decrease or flat outcome, resulting in a ~$777.6M valuation.

Bear (50%)-60%

Dominant incumbents like WEX and Corpay intensify competition, or Ramp expands aggressively into the fleet payments space, causing AtoB's growth to stagnate or decline. The market re-rates AtoB's valuation multiple to a more realistic 5-7x revenue for low growth, leading to a down round at ~$345.6M, where common stock holders face severe losses due to $346M in liquidation preferences.

Est. time to liquidity~3.0 years

Preference Stack Risk

severe

Funding Intensity

49%

Investors hold $346M in liquidation preferences ahead of common stock, representing 40.04% of the current $864M secondary market valuation.

Dilution Risk

high

As a Series C+ company with recent funding rounds and low growth, further dilution from future funding rounds is a significant risk to common shareholders.

Secondary Liquidity

limited

AtoB shares were valued at a 93.7% premium to the last round as of February 2026, indicating some secondary market activity, but investor demand is reportedly less than supply.

Risk — 3 roles

Engineering — 2 roles

Marketing — 2 roles

Design — 1 role

Partnerships — 1 role

Strategy & Operations — 1 role

View all 10 open roles at AtoB →

Last updated: February 22, 2026

Questions to Ask at the Interview

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

  • 1

    “Given the reported 5% YoY revenue growth, how does AtoB plan to significantly accelerate growth to justify its current secondary market valuation of ~$864M, especially against established players like WEX and Corpay?”

  • 2

    “With a severe preference stack ($346M in funding on an ~$864M valuation), what is the company's strategy to ensure common stock holders see meaningful returns in a potential exit?”

  • 3

    “How does the recent $82M Series C2 funding round (February 2026) impact the company's runway and its strategy for achieving profitability or a liquidity event?”

Community

Valuation Sentiment

Our model estimates -79% 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.