{"id":55320,"date":"2023-03-29T17:05:33","date_gmt":"2023-03-29T15:05:33","guid":{"rendered":"https:\/\/pharma-trend.com\/en\/all-in-one-digital-lending-platform-presta-raises-3-3-million-in-oversubscribed-pre-seed-funding-round-led-by-distributed-ventures\/"},"modified":"2023-03-29T17:05:33","modified_gmt":"2023-03-29T15:05:33","slug":"all-in-one-digital-lending-platform-presta-raises-3-3-million-in-oversubscribed-pre-seed-funding-round-led-by-distributed-ventures","status":"publish","type":"post","link":"https:\/\/pharma-trend.com\/en\/all-in-one-digital-lending-platform-presta-raises-3-3-million-in-oversubscribed-pre-seed-funding-round-led-by-distributed-ventures\/","title":{"rendered":"All-in-One Digital Lending Platform Presta Raises $3.3 Million in Oversubscribed Pre-Seed Funding Round Led by Distributed Ventures"},"content":{"rendered":"<div>\n<p class=\"bwalignc\">\n<i>Funding will support platform roll out to accelerate the loan origination process for lenders and borrowers<\/i>\n<\/p>\n<p>NEW YORK&#8211;(BUSINESS WIRE)&#8211;<a target=\"_blank\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.letspresta.com%2F&amp;esheet=53370250&amp;newsitemid=20230329005655&amp;lan=en-US&amp;anchor=Presta&amp;index=1&amp;md5=5fbbeff29c5d1a541bd4ae67d6eef061\" rel=\"nofollow noopener\" shape=\"rect\">Presta<\/a>, an end-to-end digital lending platform that modernizes and accelerates the loan origination process, announced its launch today after raising $3.3 million in oversubscribed pre-seed fundraise. Led by <a target=\"_blank\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.distributedvc.com%2F&amp;esheet=53370250&amp;newsitemid=20230329005655&amp;lan=en-US&amp;anchor=Distributed+Ventures&amp;index=2&amp;md5=d459b5e45c776b0c126ec4c1876faf56\" rel=\"nofollow noopener\" shape=\"rect\">Distributed Ventures<\/a> with additional investment from <a target=\"_blank\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.zealvc.co%2F&amp;esheet=53370250&amp;newsitemid=20230329005655&amp;lan=en-US&amp;anchor=Zeal+Capital+Partners%2C&amp;index=3&amp;md5=af404fb0b18015551c513974a42dc368\" rel=\"nofollow noopener\" shape=\"rect\">Zeal Capital Partners,<\/a> <a target=\"_blank\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.matchstick.vc%2F&amp;esheet=53370250&amp;newsitemid=20230329005655&amp;lan=en-US&amp;anchor=Matchstick+Ventures&amp;index=4&amp;md5=d4b51f4cd6fa48ebab85c5d218ce50e6\" rel=\"nofollow noopener\" shape=\"rect\">Matchstick Ventures<\/a>, <a target=\"_blank\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fthefund.vc%2F&amp;esheet=53370250&amp;newsitemid=20230329005655&amp;lan=en-US&amp;anchor=The+Fund&amp;index=5&amp;md5=47cd6f6e990a99b97edeebab5a40672e\" rel=\"nofollow noopener\" shape=\"rect\">The Fund<\/a>, <a target=\"_blank\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.techstars.com%2F&amp;esheet=53370250&amp;newsitemid=20230329005655&amp;lan=en-US&amp;anchor=Tech+Stars&amp;index=6&amp;md5=487ed726c4cdf74536d58e4c270d12f0\" rel=\"nofollow noopener\" shape=\"rect\">Tech Stars<\/a>, and <a target=\"_blank\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fjumpstart.vc%2F&amp;esheet=53370250&amp;newsitemid=20230329005655&amp;lan=en-US&amp;anchor=Jumpstart+Ventures&amp;index=7&amp;md5=c7edb1dc3a39f2305eab51ab150f9f9b\" rel=\"nofollow noopener\" shape=\"rect\">Jumpstart Ventures<\/a>, the funding will support the continued growth of Presta\u2019s digital platform and expansion of its team. Presta\u2019s lending software creates a one-stop shop for lenders to spend more time building relationships with clients and less time managing the tedious and manual parts of their lending process.\n<\/p>\n<p><a href=\"https:\/\/mms.businesswire.com\/media\/20230329005655\/en\/1750621\/5\/Distributed_Ventures_Logo.jpg\"><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230329005655\/en\/1750621\/21\/Distributed_Ventures_Logo.jpg\"><\/a><\/p>\n<p>\nThousands of lenders originate over $650 billion in small business loans every year, yet nearly 60% of community banks, which are one of the main originators of small business loans, do not offer online applications.\n<\/p>\n<p>\n\u201cA major industry pain point we continuously hear from lenders is the need to bring their lending processes into the 21st century. Presta\u2019s platform is tailor-made for small businesses and commercial lenders to accelerate the loan application and determination process,\u201d said <a target=\"_blank\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.linkedin.com%2Fin%2Fleopoldo-pe%25C3%25B1a%2F&amp;esheet=53370250&amp;newsitemid=20230329005655&amp;lan=en-US&amp;anchor=Leopoldo+Pe%26ntilde%3Ba&amp;index=8&amp;md5=c9d3c55d89d09312ca5434e8611d43e3\" rel=\"nofollow noopener\" shape=\"rect\">Leopoldo Pe\u00f1a<\/a>, CEO and Co-Founder of <a target=\"_blank\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.letspresta.com%2F&amp;esheet=53370250&amp;newsitemid=20230329005655&amp;lan=en-US&amp;anchor=Presta&amp;index=9&amp;md5=c114aa817b738c5d45661f99bcf3e5cf\" rel=\"nofollow noopener\" shape=\"rect\">Presta<\/a>. \u201cThe impact of Presta\u2019s digital lending infrastructure extends far beyond bottom-line benefits for its customers and streamlines the loan origination process, empowering lenders to prioritize relationship-building.\u201d\n<\/p>\n<p>\nFounded by <a target=\"_blank\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.linkedin.com%2Fin%2Fleopoldo-pe%25C3%25B1a%2F&amp;esheet=53370250&amp;newsitemid=20230329005655&amp;lan=en-US&amp;anchor=Leopoldo+Pe%26ntilde%3Ba&amp;index=10&amp;md5=c75c38b3f0e39ee18163ab2db3cba9d8\" rel=\"nofollow noopener\" shape=\"rect\">Leopoldo Pe\u00f1a<\/a> and <a target=\"_blank\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.linkedin.com%2Fin%2Fpeter-truog-a8581a46%2F&amp;esheet=53370250&amp;newsitemid=20230329005655&amp;lan=en-US&amp;anchor=Peter+Truog&amp;index=11&amp;md5=13240e8bf0e78a224e1ef2822e64f145\" rel=\"nofollow noopener\" shape=\"rect\">Peter Truog<\/a>, Presta builds on the success of the founders\u2019 first company, <a target=\"_blank\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.theopportunityexchange.com%2F&amp;esheet=53370250&amp;newsitemid=20230329005655&amp;lan=en-US&amp;anchor=The+Opportunity+Exchange&amp;index=12&amp;md5=6c798c8877299b7c4e97b9f11e5ba67d\" rel=\"nofollow noopener\" shape=\"rect\">The Opportunity Exchange<\/a>, which helped cities connect local businesses to equity investors. Presta\u2019s core focus is helping lenders lend to businesses more efficiently through a one-stop platform for the entire process from outreach, application, underwriting, closing, servicing, and reporting.\n<\/p>\n<p>\n\u201cRecognizing the need to modernize the lending process, Presta\u2019s platform helps community banks step into the future of digital lending,\u201d said <a target=\"_blank\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.linkedin.com%2Fin%2Fshawn-ellis%2F&amp;esheet=53370250&amp;newsitemid=20230329005655&amp;lan=en-US&amp;anchor=Shawn+Ellis&amp;index=13&amp;md5=49bd4874067e68516a01fd6994625c36\" rel=\"nofollow noopener\" shape=\"rect\">Shawn Ellis<\/a>, Managing Partner at <a target=\"_blank\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.distributedvc.com%2F&amp;esheet=53370250&amp;newsitemid=20230329005655&amp;lan=en-US&amp;anchor=Distributed+Ventures&amp;index=14&amp;md5=03762fb0a2bfd2030a5bca2a7897a228\" rel=\"nofollow noopener\" shape=\"rect\">Distributed Ventures<\/a>. \u201cOur fund is committed to backing fintech pioneers and innovators that yield improved experiences and outcomes for financial institutions and their customers. Presta focuses on the often-overlooked segment of community banks and credit unions by bringing many of the functions they manage disparately today all together on one platform.\u201d\n<\/p>\n<p>\nLenders can generate more revenue while saving costs associated with the inefficient lending processes that they manage today. Modern businesses seek capital via technology, and Presta helps lenders meet their customers where they are by offering digital tools to build pipelines and appeal to digitally native customers. In addition, lenders can reach more customers, book more loans, and generate more interest income through the use of Presta.\n<\/p>\n<p>\n\u201cToday and for far too long, the loan application process has been lengthy, manual, and ripe for disruption. We are excited to partner with Leo, Peter, and team to improve the overall experience for borrowers and bankers,\u201d said <a target=\"_blank\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.linkedin.com%2Fin%2Fnasir-qadree%2F&amp;esheet=53370250&amp;newsitemid=20230329005655&amp;lan=en-US&amp;anchor=Nasir+Qadree&amp;index=15&amp;md5=55287316fb8773d92759b66d6fb47156\" rel=\"nofollow noopener\" shape=\"rect\">Nasir Qadree<\/a>, Founder and Managing Partner of <a target=\"_blank\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.zealvc.co%2F&amp;esheet=53370250&amp;newsitemid=20230329005655&amp;lan=en-US&amp;anchor=Zeal+Capital+Partners&amp;index=16&amp;md5=0b817edd246597bf4f34cbb11ccc2fb9\" rel=\"nofollow noopener\" shape=\"rect\">Zeal Capital Partners<\/a>. \u201cWith Presta, banks can revolutionize their credit products using automation, enhanced data and analytics to simplify and accelerate lending decisions. We believe Presta will become a critical springboard as banks continue to innovate the financial services ecosystem.\u201d\n<\/p>\n<p>\n<b>About Presta<\/b>\n<\/p>\n<p>\nPresta\u2019s all-in-one platform includes CRM, intake, underwriting, closing, servicing, and reporting functionality, bringing together activities that are often managed via separate systems today. The tech-and integration-forward approach to product building is differentiated from the other products in the space and is a key component of enabling the \u201call-in-one\u201d experience on the platform. Presta is a customer-obsessed company. While it may seem like table stakes, the listen-first approach to customer discovery has been recognized as noteworthy by the lenders using Presta\u2019s platform. For more information, visit <a target=\"_blank\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.letspresta.com%2F&amp;esheet=53370250&amp;newsitemid=20230329005655&amp;lan=en-US&amp;anchor=letspresta.com&amp;index=17&amp;md5=f0b989135632b6b8cc2602c25947dd5c\" rel=\"nofollow noopener\" shape=\"rect\">letspresta.com<\/a>.\n<\/p>\n<p>\n<b>About Distributed Ventures<\/b>\n<\/p>\n<p>\nDistributed Ventures is a Seed to Series B focused fund that invests in entrepreneurs as they transform the future of risk across Fintech, Insurtech, and Digital Health and Benefits. As former founders, investors, and operators, the Distributed Ventures team provides deep subject matter and early-stage operational expertise to help companies find success from day one. Distributed Ventures was born out of NFP Ventures with the goal of helping entrepreneurs demonstrate product-market fit and accelerate commercial traction via diverse distribution channels. For more information, visit <a target=\"_blank\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fdistributedvc.com&amp;esheet=53370250&amp;newsitemid=20230329005655&amp;lan=en-US&amp;anchor=distributedvc.com&amp;index=18&amp;md5=2db326a8624cb2bf22e6c1c4929194c1\" rel=\"nofollow noopener\" shape=\"rect\">distributedvc.com<\/a>.\n<\/p>\n<p>\n<b>Zeal Capital Partners<\/b>\n<\/p>\n<p>\nZeal Capital Partners is a venture capital firm based in Washington, D.C. that is focused on turbocharging economic mobility with its market-backed Inclusive Investing\u2122 discipline. It does this by investing in diverse management teams that are reimagining the building blocks of wealth, from education to employment to financial health. Learn more at <a target=\"_blank\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.zealvc.co&amp;esheet=53370250&amp;newsitemid=20230329005655&amp;lan=en-US&amp;anchor=www.zealvc.co.&amp;index=19&amp;md5=a1078e7458c9ee4258afb868a43eee5e\" rel=\"nofollow noopener\" shape=\"rect\">www.zealvc.co.<\/a>\n<\/p>\n<p> <b>Contacts<\/b> <\/p>\n<p>\n<strong>Media:<\/strong><br \/>Natalie Weiner<br \/>\n<br \/>NextTech Communications<br \/>\n<br \/>732-285-4303<br \/>\n<br \/><a target=\"_blank\" href=\"m&#97;&#105;&#x6c;&#x74;o:&#110;&#119;&#x65;&#x69;ne&#114;&#64;&#x6e;&#x65;xt&#116;&#x65;&#x63;&#x68;c&#111;&#109;&#x6d;&#x73;&#x2e;c&#111;&#109;\" rel=\"nofollow noopener\" shape=\"rect\">&#x6e;&#x77;&#101;in&#x65;&#x72;&#64;&#110;e&#x78;&#x74;&#116;&#101;c&#x68;&#x63;&#x6f;&#109;ms&#x2e;&#x63;&#111;&#109;<\/a>\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Funding will support platform roll out to accelerate the loan origination process for lenders and borrowers NEW YORK&#8211;(BUSINESS WIRE)&#8211;Presta, an end-to-end digital lending platform that modernizes and accelerates the loan origination process, announced its launch today after raising $3.3 million in oversubscribed pre-seed fundraise. Led by Distributed Ventures with additional investment from Zeal Capital Partners, &#8230; <span class=\"more\"><a class=\"more-link\" href=\"https:\/\/pharma-trend.com\/en\/all-in-one-digital-lending-platform-presta-raises-3-3-million-in-oversubscribed-pre-seed-funding-round-led-by-distributed-ventures\/\">[Read more&#8230;]<\/a><\/span><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":{"0":"entry","1":"post","2":"publish","3":"author-business","4":"post-55320","6":"format-standard","7":"category-industry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>All-in-One Digital Lending Platform Presta Raises $3.3 Million in Oversubscribed Pre-Seed Funding Round Led by Distributed Ventures - Pharma Trend<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pharma-trend.com\/en\/all-in-one-digital-lending-platform-presta-raises-3-3-million-in-oversubscribed-pre-seed-funding-round-led-by-distributed-ventures\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"All-in-One Digital Lending Platform Presta Raises $3.3 Million in Oversubscribed Pre-Seed Funding Round Led by Distributed Ventures - Pharma Trend\" \/>\n<meta property=\"og:description\" content=\"Funding will support platform roll out to accelerate the loan origination process for lenders and borrowers NEW YORK&#8211;(BUSINESS WIRE)&#8211;Presta, an end-to-end digital lending platform that modernizes and accelerates the loan origination process, announced its launch today after raising $3.3 million in oversubscribed pre-seed fundraise. Led by Distributed Ventures with additional investment from Zeal Capital Partners, ... 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