FinovateSpring 2013 / Prestadero

Presenter Profile:

How they describe themselves: Prestadero is the first legally compliant and fully operational peer-to-peer lending platform for the Mexican market. We exploit the spread between high borrower rates in Mexico and the frugal returns available for investors in fixed-income securities. These spreads are some of the largest in a country with a stable economy and controlled inflation. For example, credit card APR’s can be as high as 90 or 100%, while fixed income returns offered by banks are lower than 4%. We offer loans from $10,000 MXN to $250,000 MXN and our borrower rates range from 8.90% to 28.90% a year. We are currently offering 15-17% returns in pesos for lenders using our platform.

How they describe their product/innovation: Prestadero uses its proprietary management software to originate loans in an extremely efficient way. Our platform allows us to parse out declined loans in seconds and determine rates for approved loans in less than 1 minute.
Our web interface allows lenders to view their entire portfolio in detail. Lenders can also view specific graphs and scorecards that allow them to make better investment decisions, even if they are not investment professionals. We provide lenders with tools, such as our “diversification index,” which quickly and comprehensibly lets them know their risk exposure depending on the diversification of their loans. Our software also enables lenders to select multiple loans at once by filtering through the user’s selected criteria. They can also choose to reinvest their returns based on the same or a different set of criteria.

Through their online account, borrowers have full control over their loan’s entire process, from filling out the application to paying it off completely. We also charge the borrower’s bank accounts directly when their payments are due, diminishing delinquencies and providing a better service for our customers. The entire process is streamlined and coded with peer-to-peer finance in mind, reducing human interaction on the back-end of the technology and providing more accurate, up-to-date information on our front-end.


Bus. Dev., Press & Sales: Gerardo Obregon, Founder & CEO,, +52 555 207 1261

More Videos: FinovateSpring 2013