+46%

est. 2Y upside i

FinTechSeries D+

One stop investment solution for retail investors in Latam

Rank

#1821

Sector

Fintech

Est. Liquidity

~5Y

Data Quality

Data: Low

Trii is a capital-efficient break-even wealthtech with a real LatAm expansion narrative, but the equity package carries substantial uncertainty for a job candidate.

Last updated: May 5, 2026

Bull (25%)+180%

Trii executes its Mexico launch in 2026 and captures meaningful share of the ~$1.79B LatAm retail trading TAM, fueling a Series C or strategic acquisition at 3-4x current implied valuation by 2027-2028. Having reached break-even on only $9M raised, the company avoids dilutive survival rounds and common stockholders capture approximately 180% upside.

Base (52%)+30%

Colombia operations grow modestly and Mexico shows early but unspectacular traction within the 2-year window, supporting a ~1.3x valuation re-rating. With roughly $9M in liquidation preferences ahead of common equity, net employee upside is limited to approximately 25-35%.

Bear (23%)-65%

Mexico expansion stalls on regulatory friction or competition from Flink, and Colombia's ~$359M SAM proves too small to support a premium exit. A distressed sale near or below total cumulative funding ($9M) largely wipes common equity, producing losses of 60-70%.

Est. time to liquidity~5.0 years

Preference Stack Risk

high

Funding Intensity

30%

Approximately $9M in total liquidation preferences sit ahead of all common equity; with no disclosed current valuation, the preference-to-valuation ratio is estimated at 22-45%, placing this in the high-to-severe range.

Dilution Risk

moderate

Break-even status reduces near-term dilution from survival rounds, but a Series C raise for Mexico expansion is likely to add 15-25% dilution plus incremental option pool refresh for a headcount-growing team.

Secondary Liquidity

none

No secondary market exists for equity in a 44-person Colombian fintech; liquidity is entirely dependent on an IPO or M&A exit event.

Questions to Ask at the Interview

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

  • 1

    “What are Trii's current MAU, AUM, and monthly transaction volume in Colombia, and what are the specific 12-month KPIs that define a successful Mexico launch?”

  • 2

    “How does commission revenue per trade compare to local incumbents today, and is there a product roadmap toward higher-margin revenue streams such as subscriptions, lending, or fund management fees?”

  • 3

    “What is the current option pool size, the strike price on new grants relative to the most recent round valuation, and what liquidation preference multiple does the preferred stock carry?”

Community

Valuation Sentiment

Our model estimates +46% 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.