-72%

est. 2Y upside i

FinTechVertical SaaSSeries B

Demo Platform for API-First Companies

Rank

#3319

Sector

Fintech, Fleet Management, Payments

Est. Liquidity

~4Y

Data Quality

Data: Medium

Coast exhibits impressive recent revenue growth (10x in 18 months) and is expanding its product offering in a large market.

Last updated: March 10, 2026

Bull (20%)+200%

Coast continues its rapid revenue growth, expanding its all-in-one expense management platform to capture significant market share from underserved fleet segments. Strategic partnerships, potentially with Synchrony, accelerate adoption, pushing valuation to $350M+ by 2028. This would provide a meaningful, though still preference-constrained, return for common shareholders.

Base (44%)+25%

Coast maintains moderate growth, holding its position in niche fleet segments. It continues to innovate but faces stiff competition from incumbents and struggles to significantly displace them. Valuation grows modestly to around $147M, offering limited upside for common stock due to the substantial liquidation preferences.

Bear (36%)-90%

Dominant incumbents like WEX and Comdata aggressively counter Coast's offerings, either through new product development or competitive pricing. Growth stalls, and the company struggles to raise subsequent funding at a higher valuation. An exit at or below the current $117.5M valuation, or a down round, would result in common stock being largely or entirely wiped out due to the $100M in liquidation preferences.

Est. time to liquidity~3.5 years

Preference Stack Risk

severe

Investors hold approximately $100M in liquidation preferences, which is 85.1% of the current $117.5M valuation. In an exit at or below this valuation, common stock holders would receive little to nothing.

Dilution Risk

high

The company has raised nearly $100M in equity on a $117.5M valuation, indicating a significant portion of the company is already owned by preferred shareholders. Future funding rounds will likely further dilute common stock.

Secondary Liquidity

none

No information suggests an active secondary market or tender offers for Coast's equity.

Other — 17 roles

View all 17 open roles at Coast →

Last updated: March 10, 2026

Questions to Ask at the Interview

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

  • 1

    “Given the strong growth you've seen, how do you plan to differentiate and sustain that momentum against well-resourced incumbents like WEX and Comdata, especially as they might develop or acquire similar modern solutions?”

  • 2

    “With the Series B valuation at $117.5M and total equity funding at nearly $100M, how does Coast plan to ensure meaningful returns for common stock holders in future liquidity events, considering the significant liquidation preferences?”

  • 3

    “The recent launch of the all-in-one card and expense platform is a major step. What are the key metrics you're tracking to measure its success and market adoption, and how do you see this impacting the revenue model and competitive moat over the next 2-3 years?”

Community

Valuation Sentiment

Our model estimates -72% 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.