PrestaCap
Online lending platform for businesses in Italy and Germany, offering business loans and invoice discounting solutions.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| investor investor | €0.0 | round | |
| investor | €0.0 | round | |
€20.0m | Acquisition | ||
| Total Funding | 000k | ||
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PrestaCap emerged in 2015 as a digital lending platform targeting the credit needs of small and medium-sized enterprises (SMEs) in Germany and Italy. The company was founded by Christian Nothacker and Luca Terragni. Christian Nothacker, who serves as CEO, brought experience from the fintech space, notably from his time at SumUp, a global mobile payments provider. Luca Terragni, the COO, had a background in capital raising and business development.
The firm operated as an online lending platform, providing business loans and invoice discounting facilities. Unlike peer-to-peer lending models that rely on private individuals, PrestaCap sourced its capital from professional and institutional investors. The core of its service was a proprietary algorithm that utilized machine learning to assess default risk and automate credit decisions, offering loans ranging from €10,000 to €250,000. This technology-driven approach allowed SMEs to access financing in a more streamlined manner than through traditional banking channels.
A significant milestone in the company's trajectory was its acquisition by the Italian DEPObank S.p.A. in 2019, a deal reportedly valued in the high eight-figure range. Following the acquisition, the Berlin office was retained as a technology hub for the bank. Subsequently, PrestaCap's founders executed a buy-back of the company, which then evolved into a new entity named Prestatech. This new venture leverages the technological foundation and expertise developed at PrestaCap, now operating as a 'digital credit factory' that provides an open API platform and tech-as-a-service solutions for banks and financial institutions, focusing on data enrichment, automated underwriting, and end-to-end digital lending processes.
Keywords: digital lending, SME financing, fintech, business loans, invoice discounting, credit risk assessment, machine learning, institutional investors, online lending platform, DEPObank, Prestatech, Christian Nothacker, Luca Terragni, German fintech, Italian fintech, SME loans, financial technology, working capital, credit scoring, tech-as-a-service, API platform, digital credit