+250%

est. 2Y upside i

FinTechSeries A

Software and AI tools for SMBs in the US and Latin America

Rank

#25

Sector

Fintech

Est. Liquidity

~5Y

Data Quality

Data: Low

Treinta offers a compelling pre-IPO equity opportunity with ~250% expected 2-year upside, driven by 6.6x revenue growth and a massive TAM.

Last updated: August 24, 2026

Bull (25%)+380%

Hypergrowth continues: ARR reaches ~$302M by Aug 2028, and a strong IPO window lets Treinta trade at 10x forward revenue (~$3.0B exit). After 20% dilution from a likely raise, common stock returns +380% (capped at +400%).

Base (50%)+333%

Growth decays to ~5.2x then ~4.2x, still reaching ~$302M ARR; multiple settles at 6x, implying ~$1.81B exit. After 20% dilution, common stock upside is ~333%.

Bear (25%)-45%

Growth stalls or competition intensifies, compressing the exit multiple to 1x revenue; exit value ~$302M, only modestly above the $60.8M liquidation preference. After dilution, common stock returns -44.5%.

Est. time to liquidity~5.0 years

Preference Stack Risk

high

Funding Intensity

1520%

Total preferred liquidation preference is $60.8M, ~15% of the $400M entry valuation; in a sub-$60.8M exit, common would be wiped out.

Dilution Risk

high

No equity round since Apr 2022; a Series B is likely within 24 months, and assumes ~20% dilution for common shareholders.

Secondary Liquidity

none

No secondary market or recent tender offer indicated; common shares are illiquid until a financing, acquisition, or IPO.

Questions to Ask at the Interview

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

  • 1

    “How long can Treinta maintain >100% YoY growth, and what is the path to $100M ARR?”

  • 2

    “What is the company's gross margin trajectory as payments become a larger mix, and can it reach profitability without another dilutive raise?”

  • 3

    “What is the most recent 409A or secondary transaction price, and what would a new round's valuation look like?”

Community

Valuation Sentiment

Our model estimates +250% 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.