NEON advises Prestatech on € 4 mio. Series A financing round

12 April 2023 | NEON has advised leading FinTech company Prestatech on its €4 million Series A financing round, led by CDP Venture Capital Sgr, a leading investor in innovative startups, with participation from Alchimia Spa and Vantage 20 SA.

The innovative FinTech company Prestatech, founded by Christian Nothacker (CEO), Luca Terragni (CPO), Lorenzo Giusti (CFO), and Massimiliano Mastalia in February 2021, is disrupting the financial decision-making landscape with cutting-edge technological solutions. Headquartered in the cities of Berlin and Milan, Prestatech aims to bridge the gap between traditional, manual processes and the digital finance world, providing reliable and data-driven decisions to financial institutions and commercial platforms alike.

Prestatech’s advanced solutions have already attracted major players in the European financial and B2B sectors. With Prestatech, clients gain easy and immediate access to a wide range of credit and financial decision-making tools. Leveraging AI and ML models in tandem with proprietary Big Data technology, Prestatech’s dynamic solutions are set to revolutionize clients’ financial decision-making processes and improve customers’ user experience.

The fresh capital will be used to expand their Italian operations, to accelerate the development of Prestatech’s embedded finance product offering and to further expand its market presence in the lending space in Europe.

Background:

In addition to investors, NEON also regularly advises emerging startups during the founding phase and in subsequent financing rounds. The NEON team has already been able to accompany Prestatech in the context of the previous financing round 2021.