-77%

est. 2Y upside i

FinTechSeries B

Anti-money laundering investigation and compliance platform

Rank

#4528

Sector

Fintech, Regulatory Compliance

Est. Liquidity

~3Y

Data Quality

Data: Low

Hummingbird operates in a rapidly growing RegTech market with an estimated $17M in annual revenue, but faces a high incumbent threat from well-established players and is not yet profitable.

Last updated: March 10, 2026

Bull (10%)+250%

Hummingbird's AI-powered Unified Risk & Compliance Platform and recent acquisition of LogicLoop drive significant market share gains from legacy incumbents like NICE Actimize. Revenue accelerates to $70M-$80M ARR within two years, justifying a $700M+ valuation at a 10x multiple, well above the estimated current $200M.

Base (40%)+25%

Hummingbird maintains its niche in the fintech compliance market, growing steadily but facing strong competition from incumbents. Revenue reaches $30M-$40M ARR, leading to an acquisition or next funding round at a $250M valuation, offering modest upside from the current estimated valuation.

Bear (50%)-70%

Dominant incumbents like NICE Actimize and Verafin, or new offerings from large fintech infrastructure players like Plaid, aggressively capture market share. Hummingbird's growth stalls, and its not-yet-profitable status leads to a down round or acquisition at a significantly reduced valuation of $60M, wiping out most common stock value given the substantial liquidation preferences.

Est. time to liquidity~3.0 years
Adjusted for competitive dynamics: -15% (raw: -77%, adjustment: -15%)

Preference Stack Risk

high

Investors hold $41.2M in liquidation preferences, representing 20.6% of the estimated $200M current valuation.

Dilution Risk

moderate

As a Series B company that is not yet profitable, Hummingbird will likely require at least one more significant funding round (Series C or later), leading to further dilution for existing equity holders.

Secondary Liquidity

none

There is no publicly available information indicating an active secondary market or tender offers for Hummingbird's shares.

Other — 2 roles

View all 2 open roles at Hummingbird →

Last updated: February 17, 2026

Questions to Ask at the Interview

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

  • 1

    “Given the strong market position of incumbents like NICE Actimize and Verafin, how does Hummingbird plan to differentiate its 'Unified Risk & Compliance Platform' to capture significant market share over the next 2-3 years?”

  • 2

    “With an estimated $17M in revenue and not yet being profitable, what is the company's strategic roadmap for achieving profitability and what key milestones are you targeting before the next funding round?”

  • 3

    “Considering the Series B was in late 2021 and the current market conditions, how is the company thinking about future funding rounds and potential liquidity events for employees, especially in light of the existing preference stack?”

Cluster Peers

Expected Upside

Chainalysis
-21%
Sardine
-71%
ComplyAdvantage
-75%
Unit21
-75%

Community

Valuation Sentiment

Our model estimates -77% 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.