-0%

est. 2Y upside i

FinTechSeries A

A digital wallet for the Middle East & North Africa

Rank

#2306

Sector

Fintech

Est. Liquidity

~3Y

Data Quality

Data: Low

Ziina's equity offers a negative expected return of -0.4% over a 2-year horizon due to low growth (9% YoY), a stale $66M valuation mark, and high preference overhang ($30.5M total funding).

Last updated: July 19, 2026

Bull (10%)+67%

If growth accelerates due to new partnerships and category leadership, multiple expands to 5x, yielding $123.4M exit.

Base (45%)+30%

Growth continues at low single digits, multiple converges to 4x, yielding $98.7M exit, net of 20% dilution.

Bear (45%)-45%

Growth falters and multiple compresses to 2x, yielding $49.3M exit; combined with dilution, common stock loses 45%.

Est. time to liquidity~3.0 years

Preference Stack Risk

severe

Funding Intensity

46%

Total funding of $30.5M represents 46% of the $66M valuation, giving preferred holders significant downside protection.

Dilution Risk

high

With only $22M raised in Sept 2024 and no recent funding, the company likely needs another round within 2 years, diluting common equity by ~20%.

Secondary Liquidity

none

No secondary market activity reported; no liquidity for employees.

Questions to Ask at the Interview

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

  • 1

    “How does Ziina plan to accelerate revenue growth beyond single digits given competition from incumbents?”

  • 2

    “What is the path to profitability given the current cost structure and 45% gross margins?”

  • 3

    “What is the expected timeline for a liquidity event and your assessment of secondary market liquidity?”

Community

Valuation Sentiment

Our model estimates -0% 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.