France-based Pretto closes Series B on €30m

France-based Pretto has closed its Series B round on €30m as it looks to continue its growth momentum.

The investment was supplied by Serena, Eurazeo and Orange. With the capital, Pretto plans to accelerate its growth initiatives, as well as hire more staff.

Pretto had a successful 2021, including it exceeding €1bn in annual loan production.

The FinTech company offers an online real estate comparison platform to help consumers simplify the mortgage process.

Serena Principal Sébastien Le Roy said, “Despite the Covid, the real estate market is in hypergrowth. Obtaining a mortgage remains a long and stressful process, which lacks transparency. We are very proud to support Pretto, the French leader in online mortgage lending. We were very impressed with their vision and exceptional speed of execution. They are profoundly changing the mortgage market, making it simple and fair for everyone.”

Pretto previously raised €8m in 2019.

The FinTech sector in France has got off to a strong 2022. Earlier this month, payroll and HR management platform PayFit bagged a €254m Series E round, a record-breaking amount for a French HR startup. This deal put its valuation at €1.82bn.

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