-77%

est. 2Y upside i

FinTechSeries A

A digital wallet for the Middle East & North Africa

Rank

#3161

Sector

Fintech

Est. Liquidity

~5Y

Data Quality

Data: High

Ziina presents a high-risk equity opportunity with a moderate expected upside of 22.5% over a two-year horizon.

Last updated: March 10, 2026

Bull (15%)+300%

Ziina successfully leverages its SVF license and new product launches like ZiiCard and Open Finance to accelerate growth, capturing significant market share in the underserved SME segment across the UAE and expanding into Saudi Arabia and Jordan. Revenue reaches $150M+ by 2028, justifying a $720M+ valuation (4x current) as a leading regional fintech platform.

Base (35%)+50%

Ziina maintains its position in the UAE SME and consumer digital payments market, growing steadily but facing intense competition from incumbents. It achieves moderate product adoption and expands selectively, reaching ~$55M revenue by 2028 and a $270M valuation, representing a modest return on current equity.

Bear (50%)-80%

Dominant global players like Stripe and PayPal, along with strong regional competitors such as Tabby and Tamara, intensify their focus on Ziina's core segments. Ziina's low growth rate (9% YoY) persists, leading to struggles in customer acquisition and retention. A down round or acquisition at a significantly reduced valuation of $36M or less wipes out most common stock value, given the $30.5M in liquidation preferences.

Est. time to liquidity~5.0 years

Preference Stack Risk

high

Investors hold $30.5M in liquidation preferences ahead of common shareholders. In an exit at or below this amount, common stock would receive little to nothing.

Dilution Risk

high

Given the current stage and growth, multiple future funding rounds are likely, which will lead to further dilution for existing equity holders.

Secondary Liquidity

none

As an early-stage company, there are currently no active secondary markets or tender offers for Ziina's equity.

Other — 6 roles

View all 6 open roles at Ziina →

Last updated: February 22, 2026

Questions to Ask at the Interview

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

  • 1

    “Given the intense competition from global players like Stripe and PayPal, and regional players like Tabby, what is Ziina's differentiated strategy to accelerate its 9% YoY growth and capture significant market share in the next 2-3 years?”

  • 2

    “With the recent launches of ZiiCard and Open Finance initiatives, how does Ziina plan to monetize these new offerings to significantly boost revenue beyond the current $37M, and what are the key performance indicators for their success?”

  • 3

    “Considering the Series A funding and the competitive landscape, what is the company's projected timeline for a liquidity event (e.g., IPO or acquisition), and how does the preference stack impact the expected returns for common stock holders?”

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.