Pretto, the first 100% online mortgage broker to offer instant tailored rates, raises 8m€ led by Alven and Blackfin

News

Pretto, the fintech addressing the new needs of homebuyers, has just raised a 8 million € series A led by Alven and Blackfin, joining historical investor Kernel (Pierre Kosciusko-Morizet).

Relying on its team of 40 engineers, product designers and financial experts, Pretto has built an innovating simulator allowing borrowers to view instantly the best rate tailored to their credit profile.

The tool developed by Pretto reviews millions of combinations among banks’ credit offers, to identify the most suitable financing scheme for every specific real estate project. From simulation to experts’ optimization and the final signature at the bank, the startup supports the homebuyers at each step for free with customized counselling support.

Since its last fundraising, Pretto has been growing exponentially, it :

  • multiplied business activity by 10
  • reached breakeven
  • advised more than 100 000 users
  • financed 250 million € of property value in 2018
  • grew its team to 40 people
  • reached 98% client satisfaction rate

Pretto has raised a 8 million € series A led by Alven and Blackfin joining historical investor Kernel (Pierre Kosciusko-Morizet). Early stage investors also included Hugues le Bret (cofounder of Compte-Nickel), Christophe Cremer (cofounder of Meilleurtaux.com), Jérémy Harroch (cofounder of Quantmetry) and the Duval real estate group.

This new round of financing will help Pretto face the growing demand by recruiting experts and fine tuning its credit scoring models. By 2019, the company plans to triple its activity and recruit 50 additional people. Through the combination of its simulator and its credit experts, Pretto reaches 99% accuracy rate on rate prediction.

In France, where a third of households have a mortgage, and have undergone the difficult process of finding the best conditions, Pretto brings homebuyers a much needed simplification, and transparency.


Share

Mindee, the paperwork automation API, is raising $14M to automate companies’ document-based processes

Alven is proud to support Mindee’s team to automate companies’ document-based processes. Alven backs this Series A funding round totaling $14M alongside GGV.

Read

Mytraffic closes a €10 Million Series A funding led by Alven

Mytraffic, the European leader in data insights for physical places, closes a Series A round with Alven, alongside Kernel.

Read

Alven announces new hires in its investment and operating teams

Gaëlle Le Goff is appointed Head of Marketing and Community, Maria Tahri joins as Associate

Read