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Minority equity in Paelyt Solutions Limited
Paelyt was valued in 2019 at $10 million, that is, 16X+ our initial investment. A $1,000 investment in 2017 will be worth $16,000 today, making Paelyt phenomenal in our portfolio.
- 2017 Valuation:
- $600,000
- 2019 Valuation:
- $10,000,000
- 2017 Revenue Projection:
- $0
- 2020 Revenue Projection:
- $3,000,000
- Return on Investment (unrealized):
- 16X
Paelyt Solution is a fintech (financial technology) business with financial service products and technology.
In 2017, Paelyt was just starting out as a payment solution company in Nigeria with no revenue and in need of capital for growth. Vested Wealth was able to work with some of our investors to raise capital to invest in Paelyt at a valuation of $600,000.
Today, Paelyt has become more than a payment solutions company, it is also a fast-growing lending technology platform on track to have a revenue of over $3 million by the end of 2021.
Paelyt's recent 2019 capital raise valued the company at over $10 millions, which represents over 16x from our initial investment. A $1,000 investment in 2017 will be worth $16,000 today. Another phenomenal investment that remains in our portfolio to date.