Pretto, a Paris, France-based online mortgage broker offering instant tailored rates, raises €8m in Series A funding.
The round was led by Alven Capital and Blackfin Tech Fund, which joined historical investor Kernel Capital (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 allow the company to recruit experts and fine tune its credit scoring models. By 2019, Pretto plans to triple its activity and recruit 50 additional people.
Co-founded by Renaud Pestre and Pierre Chapon, Pretto has built an innovating simulator allowing borrowers to view instantly the best rate tailored to their credit profile. The tool 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.
The company has a team of 40 engineers, product designers and financial experts.