Presta is an all-in-one digital lending platform that modernizes and accelerates loan origination by consolidating CRM, intake, underwriting, closing, servicing, and reporting into a single product. The company launched after raising $3.3 million in an oversubscribed pre-seed fundraise led by Distributed Ventures. Presta targets community banks, credit unions, and small-business lenders by digitizing processes and enabling lenders to focus on relationship-building rather than manual tasks. The product emphasizes integrations and an "all-in-one" experience and was developed using a listen-first approach to customer discovery that lenders using the platform have recognized. Founded by Leopoldo Peña and Peter Truog, Presta builds on the founders' prior company, The Opportunity Exchange, and says the new funding will support continued growth of its digital platform and expansion of its team. The company frames its opportunity against industry dynamics in which thousands of lenders originate over $650 billion in small business loans annually while many community banks still lack online applications.

Total raised

$3M

Funding rounds

1

Latest round

Seed

Latest activity

Mar 2023