-5%

est. 2Y upside i

FinTechSeries A

First financial Superapp of Latin America

Rank

#2417

Sector

Fintech

Est. Liquidity

~4Y

Data Quality

Data: Low

High-risk opportunity with negative expected return over 2 years.

Last updated: July 19, 2026

Bull (20%)+89%

If Tpaga capitalizes on Latin American unbanked market and IPO window opens, exit multiple could expand to 5x, yielding $31.4M exit value, but diluted by 20% expected raise.

Base (45%)+26%

Convergence to public comp average of 3.5x revenue by 24 months gives $21.9M exit, but 20% dilution reduces upside to ~26%.

Bear (35%)-100%

Multiple compression to 1.5x due to competition and slowing growth leads to $9.4M exit, below $15.1M total funding, resulting in common stock being wiped out (-100%).

Est. time to liquidity~4.0 years

Preference Stack Risk

severe

Funding Intensity

30200%

Total funding of $15.1M exceeds current valuation of $15M, meaning preferred shareholders have full liquidation preference over common.

Dilution Risk

high

With low growth and no profitability, additional funding likely within 24 months, diluting common shareholders by ~20%.

Secondary Liquidity

none

No secondary trading activity detected.

Questions to Ask at the Interview

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

  • 1

    “How does Tpaga differentiate from Daviplata and other local wallets in the unbanked segment?”

  • 2

    “What is the path to profitability given 45% gross margins and low revenue growth?”

  • 3

    “How do you assess the liquidity risk of equity given the company's funding history and no secondary market?”

Community

Valuation Sentiment

Our model estimates -5% 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.