The online loan marketplace Prestalo closes a new investment round

This investment round has been led by the Swedish investment fund Segovia Capital, and the agreement has been advised by WP Capital Group, according to a statement.

A fintech startup Prestalo, the online loan marketplace based in Spain and part of the BBVA Open Innovation program, has closed a financing round of 500,000 € led by Segovia Capital.

Kristoffer Hanson, CEO at Prestalo said that "A new capital injection will fuel the growth that we have been experiencing, which has also accelerated during the pandemic. Funds will allow us to expand the team and strengthen our position in the market even further."

It is important to remark that the financing capital will be provided in stages, being 500,000 euros the amount of the first one. Since its launch in 2018, Prestalo has received 1.5 million euros thus far. 

In terms of business, the platform has 15 partner-banks and attracts over 30,000 users per month (and growing), and the financing agreement is part of Prestalo's growth strategy that allows the company to continue its expansion with its solution of a fully automated platform.

The new capital injection will also help to the digitization process and "allow us to evolve, expanding the team and strengthening our position in the market", as explained by the CEO of Prestalo, Kristoffer Hanson.

The Prestalo team has managed to generate a unique online capture system that filters the customer, using bank aggregation information. Now traditional financial companies see a channel through which they get a qualified lead in times when offline channels have lost ground.

“The company has a great team, a good footprint in the market and a cutting-edge platform. We are delighted to help Prestalo catalyze its growth potential", said Carl Lundh, partner at Segovia Capital.

Today, the demand for the management of the entire online process has increased both by users and financial institutions, who, little by little, seek and adapt solutions that allow them to capture this type of more digital customer. 

Finally, it can be said that Prestalo is growing at a good rate, and its potential is really promising, especially if it continues to have investment rounds of this caliber. As we have said many times, the future is digital, and Prestalo seems an optimal solution to efficiently face the next years.

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