diff --git a/.changeset/yellow-pans-raise.md b/.changeset/yellow-pans-raise.md
new file mode 100644
index 0000000..0f54237
--- /dev/null
+++ b/.changeset/yellow-pans-raise.md
@@ -0,0 +1,20 @@
+---
+"react-fast-hoc": patch
+---
+
+Fixed wrapping into hoc in case of nested `React.memo`
+Resolves: [#17](https://github.com/XantreGodlike/react-fast-hoc/issues/17)
+
+```tsx
+const Component = transformProps(
+  React.memo(
+    React.memo((props) => {
+      console.log(props); // prev: { c: 30 }, now: { a: 10, b: 20, c: 30 }
+      return null;
+    })
+  ),
+  (props) => ({ ...props, a: 10, b: 20 })
+);
+
+root.render(<Component c={30} />);
+```
diff --git a/packages/react-fast-hoc/src/index.test.ts b/packages/react-fast-hoc/src/__tests__/index.test.ts
similarity index 86%
rename from packages/react-fast-hoc/src/index.test.ts
rename to packages/react-fast-hoc/src/__tests__/index.test.ts
index 0bbdd45..b5ea18c 100644
--- a/packages/react-fast-hoc/src/index.test.ts
+++ b/packages/react-fast-hoc/src/__tests__/index.test.ts
@@ -4,7 +4,8 @@ import { Objects } from "hotscript";
 import React, { ComponentType, createElement, forwardRef, memo } from "react";
 import { Function } from "ts-toolbelt";
 import { afterEach, describe, expect, expectTypeOf, test, vi } from "vitest";
-import { createTransformProps, transformProps, wrapIntoProxy } from ".";
+import { createTransformProps, transformProps, wrapIntoProxy } from "..";
+import { applyHocs, lazyShort, renderComponent } from "./utils";
 
 declare module "react" {
   export interface ExoticComponent {
@@ -102,17 +103,29 @@ describe("transformProps", () => {
     });
   });
 
-  test("works with memo after hoc", () => {
-    render(createElement(memo(addBebeHoc(Component))));
-    standardCheck();
-  });
-  test("works with memo before hoc", () => {
-    render(createElement(addBebeHoc(memo(Component))));
+  describe("hocs: memo", () => {
+    test("memo -> hoc", () => {
+      renderComponent(applyHocs(Component, [React.memo, addBebeHoc]));
+      standardCheck();
+    });
+    test("hoc -> memo", () => {
+      renderComponent(applyHocs(Component, [addBebeHoc, React.memo]));
 
-    expect(Component).toHaveBeenCalledOnce();
-    expect(addBebeProp).toHaveBeenCalledOnce();
-    expect(addBebeProp).toHaveBeenCalledWith({});
-    expect(Component).toHaveBeenCalledWith({ bebe: true }, {});
+      expect(Component).toHaveBeenCalledOnce();
+      expect(addBebeProp).toHaveBeenCalledOnce();
+      expect(addBebeProp).toHaveBeenCalledWith({});
+      expect(Component).toHaveBeenCalledWith({ bebe: true }, {});
+    });
+    test("hoc -> memo -> memo", () => {
+      renderComponent(
+        applyHocs(Component, [addBebeHoc, React.memo, React.memo])
+      );
+
+      expect(Component).toHaveBeenCalledOnce();
+      expect(addBebeProp).toHaveBeenCalledOnce();
+      expect(addBebeProp).toHaveBeenCalledWith({});
+      expect(Component).toHaveBeenCalledWith({ bebe: true }, {});
+    });
   });
 
   // this
@@ -138,7 +151,7 @@ describe("transformProps", () => {
   describe("hocs: lazy", () => {
     test("unloaded lazy", async () => {
       const Cmp = vi.fn(Component);
-      const Lazy = React.lazy(() => Promise.resolve({ default: Cmp }));
+      const Lazy = lazyShort(Cmp);
 
       render(
         createElement(React.Suspense, {}, createElement(addBebeHoc(Lazy)))
diff --git a/packages/react-fast-hoc/src/mimicToNewComponent.test.ts b/packages/react-fast-hoc/src/__tests__/mimicToNewComponent.test.ts
similarity index 95%
rename from packages/react-fast-hoc/src/mimicToNewComponent.test.ts
rename to packages/react-fast-hoc/src/__tests__/mimicToNewComponent.test.ts
index 10a2027..95a9a73 100644
--- a/packages/react-fast-hoc/src/mimicToNewComponent.test.ts
+++ b/packages/react-fast-hoc/src/__tests__/mimicToNewComponent.test.ts
@@ -1,5 +1,5 @@
 import { assert, beforeEach, describe, expect, test } from "vitest";
-import { transformProps } from ".";
+import { transformProps } from "..";
 
 const createComponent = () => () => null;
 
diff --git a/packages/react-fast-hoc/src/react.test.ts b/packages/react-fast-hoc/src/__tests__/react.test.ts
similarity index 87%
rename from packages/react-fast-hoc/src/react.test.ts
rename to packages/react-fast-hoc/src/__tests__/react.test.ts
index 9d2ff07..331394f 100644
--- a/packages/react-fast-hoc/src/react.test.ts
+++ b/packages/react-fast-hoc/src/__tests__/react.test.ts
@@ -1,25 +1,23 @@
-import { afterAll, beforeAll, describe, expect, it, vi } from "vitest";
+import {
+  afterAll,
+  afterEach,
+  beforeAll,
+  describe,
+  expect,
+  it,
+  vi,
+} from "vitest";
 import { act, cleanup, render, waitFor } from "@testing-library/react";
 import { range, sleep, tryit } from "radash";
 import React, { ComponentType, createElement } from "react";
-
-const renderComponent = (Component: React.ComponentType) =>
-  render(createElement(Component));
-
-const lazyShort = <T extends ComponentType<any>>(component: T) =>
-  React.lazy(() =>
-    Promise.resolve({
-      default: component,
-    })
-  );
-
-const applyHocs = <T extends ComponentType<any>>(
-  Component: T,
-  hocs: ((...args: any) => any)[]
-): T => hocs.reduceRight((acc, cur) => cur(acc), Component);
+import { applyHocs, lazyShort, renderComponent } from "./utils";
 
 function noop() {}
 
+afterEach(() => {
+  cleanup();
+});
+
 /**
  * oportunities
  * memo = 1..9999 memos
diff --git a/packages/react-fast-hoc/src/rename.test.ts b/packages/react-fast-hoc/src/__tests__/rename.test.ts
similarity index 98%
rename from packages/react-fast-hoc/src/rename.test.ts
rename to packages/react-fast-hoc/src/__tests__/rename.test.ts
index a4967d5..b7fdd3e 100644
--- a/packages/react-fast-hoc/src/rename.test.ts
+++ b/packages/react-fast-hoc/src/__tests__/rename.test.ts
@@ -1,5 +1,5 @@
 import { describe, expect, test } from "vitest";
-import { transformProps } from ".";
+import { transformProps } from "..";
 
 describe("renaming works", () => {
   const A = () => null;
diff --git a/packages/react-fast-hoc/src/handlers/rewriteCall.test.ts b/packages/react-fast-hoc/src/__tests__/rewriteCall.test.ts
similarity index 92%
rename from packages/react-fast-hoc/src/handlers/rewriteCall.test.ts
rename to packages/react-fast-hoc/src/__tests__/rewriteCall.test.ts
index 79b5396..7f3da59 100644
--- a/packages/react-fast-hoc/src/handlers/rewriteCall.test.ts
+++ b/packages/react-fast-hoc/src/__tests__/rewriteCall.test.ts
@@ -1,5 +1,5 @@
 import { describe, expect, test, vi } from "vitest";
-import { RewriteCall } from "./rewriteCall";
+import { RewriteCall } from "../handlers/rewriteCall";
 
 describe("rewrite call should rewrite it", () => {
   const f = vi.fn();
diff --git a/packages/react-fast-hoc/src/__tests__/utils.ts b/packages/react-fast-hoc/src/__tests__/utils.ts
new file mode 100644
index 0000000..39bf1da
--- /dev/null
+++ b/packages/react-fast-hoc/src/__tests__/utils.ts
@@ -0,0 +1,20 @@
+import {
+  RenderResult,
+  render,
+} from "@testing-library/react";
+import React, { ComponentType, createElement } from "react";
+
+export const renderComponent = (Component: React.ComponentType): RenderResult =>
+  render(createElement(Component));
+
+export const lazyShort = <T extends ComponentType<any>>(component: T) =>
+  React.lazy(() =>
+    Promise.resolve({
+      default: component,
+    })
+  );
+
+export const applyHocs = <T extends ComponentType<any>>(
+  Component: T,
+  hocs: ((...args: any) => any)[]
+): T => hocs.reduceRight((acc, cur) => cur(acc), Component);
diff --git a/packages/react-fast-hoc/src/internals.ts b/packages/react-fast-hoc/src/internals.ts
index e1a90c8..518132b 100644
--- a/packages/react-fast-hoc/src/internals.ts
+++ b/packages/react-fast-hoc/src/internals.ts
@@ -1,4 +1,4 @@
-import { isValidElement, type ReactNode, type Ref } from "react";
+import React, { isValidElement, type ReactNode, type Ref } from "react";
 import type { HocTransformer, MimicToNewComponentHandler } from "./handlers";
 import { isClassComponent, toFunctional, type Get } from "./toFunctional";
 
@@ -43,7 +43,7 @@ type RealComponentType<TProps extends object, IRef = unknown> =
   | {
       $$typeof: typeof REACT_MEMO_TYPE;
       compare: null | ((a: TProps, b: TProps) => boolean);
-      type: (props: TProps) => ReactNode;
+      type: RealComponentType<TProps, IRef>;
     }
   | {
       $$typeof: typeof REACT_LAZY_TYPE;
@@ -65,28 +65,34 @@ type ReactFunctionalComponentType<
   { $$typeof: typeof REACT_FORWARD_REF_TYPE } | React.FC<TProps>
 >;
 
-const wrapFunctionalFROrDefault = <TProps extends object>(
+type ForwardRefComponent<TProps extends object> = Extract<
+  ReactFunctionalComponentType<TProps>,
+  { $$typeof: typeof REACT_FORWARD_REF_TYPE }
+>;
+type RegularFunctionComponent<TProps extends object> = Exclude<
+  ReactFunctionalComponentType<TProps>,
+  ForwardRefComponent<TProps>
+>;
+const wrapFCWithForwardRefOrPlain = <TProps extends object>(
   Component: ReactFunctionalComponentType<TProps>,
   handler: HocTransformer
-) => {
-  type ForwardRefComponent = Extract<
-    ReactFunctionalComponentType<TProps>,
-    { $$typeof: typeof REACT_FORWARD_REF_TYPE }
-  >;
-  type RegularFunctionComponent = Exclude<
-    ReactFunctionalComponentType<TProps>,
-    ForwardRefComponent
-  >;
+): ForwardRefComponent<TProps> | ReactFunctionalComponentType<TProps> => {
   if (
     "$$typeof" in Component &&
     Component["$$typeof"] === REACT_FORWARD_REF_TYPE
   ) {
     return {
       $$typeof: REACT_FORWARD_REF_TYPE,
-      render: new Proxy((Component as ForwardRefComponent).render, handler),
-    };
+      render: new Proxy(
+        (Component as ForwardRefComponent<TProps>).render,
+        handler
+      ),
+    } as ForwardRefComponent<TProps>;
   }
-  return new Proxy(Component as RegularFunctionComponent, handler);
+  return new Proxy(
+    Component as Function,
+    handler
+  ) as RegularFunctionComponent<TProps>;
 };
 
 // I don't know why but typescript is not helpful at all
@@ -105,13 +111,14 @@ export const wrapComponentIntoHoc = <TProps extends object>(
   handler: HocTransformer,
   mimicToNewComponentHandler: null | MimicToNewComponentHandler
 ): unknown => {
-  if (process.env.NODE_ENV === "development" && !isValidElement(Component)) {
-    console.warn("react-fast-hoc: passed incorrect component for transform");
-    return Component;
-  }
+  // should use isValidElementType
+  // if (process.env.NODE_ENV === "development" && !isValidElement(Component)) {
+  //   console.warn("react-fast-hoc: passed incorrect component for transform");
+  //   return Component;
+  // }
   // this case assumes that it's ClassComponent
   if (isClassComponent(Component)) {
-    return wrapFunctionalFROrDefault(
+    return wrapFCWithForwardRefOrPlain(
       toFunctional(Component) as React.FC<TProps>,
       handler
     );
@@ -120,8 +127,7 @@ export const wrapComponentIntoHoc = <TProps extends object>(
   if ("$$typeof" in Component && Component["$$typeof"] === REACT_MEMO_TYPE) {
     return {
       $$typeof: REACT_MEMO_TYPE,
-      // @ts-expect-error
-      type: wrapFunctionalFROrDefault(toFunctional(Component.type), handler),
+      type: wrapComponentIntoHoc(Component.type, handler, null),
       compare: Component.compare,
     };
   }
@@ -147,7 +153,7 @@ export const wrapComponentIntoHoc = <TProps extends object>(
           result = wrapComponentIntoHoc(
             initRes,
             handler,
-            mimicToNewComponentHandler
+            null
           ) as RealComponentType<any>;
         }
         return result;
diff --git a/packages/react-fast-hoc/src/reactShallowEqual.ts b/packages/react-fast-hoc/src/reactShallowEqual.ts
new file mode 100644
index 0000000..19bb1d2
--- /dev/null
+++ b/packages/react-fast-hoc/src/reactShallowEqual.ts
@@ -0,0 +1,44 @@
+// https://github.com/facebook/react/blob/b9244f79bab133e0e6d2e992b5be4722b4ac7536/packages/shared/shallowEqual.js
+const is = Object.is;
+const hasOwnProperty = Object.prototype.hasOwnProperty;
+
+/**
+ * Performs equality by iterating through keys on an object and returning false
+ * when any key has values which are not strictly equal between the arguments.
+ * Returns true when the values of all keys are strictly equal.
+ */
+export function reactShallowEqual(objA: unknown, objB: unknown): boolean {
+  if (is(objA, objB)) {
+    return true;
+  }
+
+  if (
+    typeof objA !== "object" ||
+    objA === null ||
+    typeof objB !== "object" ||
+    objB === null
+  ) {
+    return false;
+  }
+
+  const keysA = Object.keys(objA);
+  const keysB = Object.keys(objB);
+
+  if (keysA.length !== keysB.length) {
+    return false;
+  }
+
+  // Test for A's keys different from B.
+  for (let i = 0; i < keysA.length; i++) {
+    const currentKey = keysA[i];
+    if (
+      !hasOwnProperty.call(objB, currentKey) ||
+      // @ts-expect-error lost refinement of `objB`
+      !is(objA[currentKey], objB[currentKey])
+    ) {
+      return false;
+    }
+  }
+
+  return true;
+}
diff --git a/packages/react-fast-hoc/src/toFunctional.ts b/packages/react-fast-hoc/src/toFunctional.ts
index 1783d1a..1208072 100644
--- a/packages/react-fast-hoc/src/toFunctional.ts
+++ b/packages/react-fast-hoc/src/toFunctional.ts
@@ -46,7 +46,9 @@ const isPrototypeOf = Function.call.bind(Object.prototype.isPrototypeOf) as (
   child: unknown
 ) => boolean;
 
-export const isClassComponent = <T>(
+export const isClassComponent = isPrototypeOf.bind(
+  isPrototypeOf,
+  ReactComponent
+) as <T>(
   Component: T
-): Component is Extract<T, React.ComponentClass<any, any>> =>
-  isPrototypeOf(ReactComponent, Component);
+) => Component is Extract<T, React.ComponentClass<any, any>>;