-50%

est. 2Y upside i

FinTech

Payment Platform for LatAm Micro and Small Businesses

Rank

#3251

Sector

Fintech

Est. Liquidity

~3Y

Data Quality

Data: Medium

Zippi's equity offers a negative expected return of -50% over 2 years due to a $88.3M preference stack that dwarfs the $16.5M equity valuation.

Last updated: July 19, 2026

Bull (25%)+87%

Zippi maintains 100%+ growth and achieves an 8x forward revenue multiple driven by an IPO window and category leadership. Exit value of $119.2M leaves $30.9M for common after $88.3M preference, yielding 87% upside.

Base (50%)-93%

Growth slows to 75%/55% and multiple converges to 6x, yielding $89.4M exit. After $88.3M preference, common recovers only $1.1M, a 93% loss from entry valuation.

Bear (25%)-100%

Growth disappoints, multiple compresses to 2x, exit value $29.8M below $88.3M preference, common stock becomes worthless.

Est. time to liquidity~3.0 years

Preference Stack Risk

severe

Funding Intensity

53500%

Total funding of $88.3M exceeds entry valuation of $16.5M by 535%, meaning common stock is deeply subordinated.

Dilution Risk

low

Recent debt raise and profitability suggest no near-term equity dilution, but future rounds could further dilute common.

Secondary Liquidity

none

No secondary market activity reported; no implied valuation from secondary trades.

Technology — 3 roles

Bancos de Talentos — 2 roles

Finance — 1 role

  • DCM · São Paulo, Remote

Growth — 1 role

Product — 1 role

Risk — 1 role

View all 9 open roles at Zippi →

Last updated: March 8, 2026

Questions to Ask at the Interview

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

  • 1

    “How does Zippi plan to maintain 100%+ growth while managing credit risk and defaults?”

  • 2

    “What is the structure of the FIDC and how does it affect the equity value and future fundraising?”

  • 3

    “What is the expected exit timeline and what liquidity events are being considered for employees?”

Community

Valuation Sentiment

Our model estimates -50% 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.