Presta, a provider of an end-to-end digital lending platform for the loan origination processes, has raised $3.3m in pre-seed financing.
The round was headed by Distributed Ventures with participation from Zeal Capital Partners, Matchstick Ventures, The Fund, TechStars, and Jumpstart Ventures.
Founded in 2022, Presta helps lenders accelerate their loan application and determination processes while also providing a more modern and streamlined experience for borrowers.
According to FinSME, the company offers an all-in-one platform that includes CRM, intake, underwriting, closing, servicing and reporting functionality – bringing together that are often managed via separate systems today.
The company helps lenders meet their customers where they are by offering digital tools to build pipelines and appeal to digitally native customers.
Presta claims it intends to use the funding to support the growth of its digital platform and expansion of its team.
Elswhere in the FinTech space, Zorro, which is optimising health benefits experience for employees, employers and brokers, has launched out of stealth alongside the close of an $11.5m seed round.
This capital injection will allow Zorro to bolster its R&D efforts as well as scale its customer operations.
Zorro claims that the current way of offering benefits is complicated, opaque and burdensome.
For employers and brokers, offering benefits results in unpredictable budgets, endless administration, and a distraction from the core business. While for employees, the health benefits are generic and too often, completely out of their control.
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