Pretto, the leading online mortgage broker, closes a €30M series B funding round

News

Five years after its launch, Pretto, the n°1 online mortgage broker brand in France, pursues its mission to facilitate access to home credits. Building on its success with individual clients, the fintech company is also deploying its B2B platform with incumbent players of the mortgage sector. This strategy is supported by a €30 million Series B round raised with historical funds Alven, Kernel and BlackFin Capital Partners, joined by Serena, Eurazeo and Orange Ventures.

Founded by Pierre Chapon and Renaud Pestre, Pretto’s promise has always been to make the search for property financing efficient, simple and fair for everyone. Since its launch, the company has served 150,000 customers. 2021 marked an acceleration with more than one billion euros of mortgage financing in a year and a 100% growth.

The company is undergoing hypergrowth at the moment. With less than a hundred employees in 2020, it now employs 170 people and has opened a 2nd office in Nantes, and 160 positions are open for 2022. The management team has already been reinforced by the addition of highly experienced profiles, including a Senior Vice President, a Chief Sales Officer, a Chief Marketing Officer and a Director of Banking Partnerships.

We operate in a fast-growing market: brokerage accounts for 40% of real estate financing in France, but it is much higher in other countries. In the United Kingdom, it counts for 80%. In Germany, our fellow operator Hypoport owns 25% of the market and is valued at nearly €3 billion,” said Pierre Chapon and Renaud Pestre, co-founders of Pretto.

Pretto is deploying simultaneously the entire infrastructure and functionalities of Finspot, its B2B platform, to all real estate players (independent mortgage brokers).


Share

Alven bolsters leadership team with Bartosz Jakubowski’s promotion to Partner

Bartosz has been a member of the Alven team since 2019, initially joining as Investment Manager and quickly rising through the ranks…

Read

Creative Fabrica raises $61M to expand its digital platform for the global crafting & design market, accelerating through generative AI

Amsterdam-based Creative Fabrica, a social platform for crafters and designers, has raised $61M in growth capital to offer more resources for its community of 4 million creators. The round is led by Alven, joined by LionTree and TriplePoint with continued participation from Peak Capital, Felix Capital and FJ Labs. The funding will be used towards existing and new creator verticals, further build out of the platform’s designer network, expansion of creative generative AI toolset, and growing the team with senior talent globally.

Read

Dataiku Announced a $200 Million Series F funding at a $3.7 billion valuation

Dataiku, the platform for Everyday AI, today announced $200 million in Series F funding led by new investor, Wellington Management, at a $3.7 billion valuation.

Read