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MR Presta is a financial technology company developing tools that facilitate small business lending in emerging markets. Its platform streamlines and improves access to crucial financing for entrepreneurs. The core offering leverages technology to enhance efficiency and expand credit provision, directly addressing the unique challenges of underserved financial ecosystems.
Carlos Rosso and Cesar Manduca founded MR Presta in July 2013. Their insight identified a significant unmet demand for capital among small businesses across global emerging markets. The company's early growth included participation in accelerator programs, securing initial investment and establishing a strong foundation for its mission to bridge credit access gaps via innovative financial solutions.
MR Presta primarily serves financial institutions and lenders providing credit to small enterprises within emerging economies. The company’s vision is to foster economic growth and entrepreneurial development by making financial services more accessible and efficient in these vital regions. It aims to empower a new generation of businesses through its focused financial tools.
MR Presta has raised $120K across 1 funding round.
MR Presta has raised $120K in total across 1 funding round.
MR Presta has raised $120K in total across 1 funding round.
MR Presta's investors include Techstars Impact Fund.
MR Presta has raised $120K across 1 funding round. Most recently, it raised $120K Seed in July 2019.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jul 1, 2019 | $120K Seed | — | Techstars Impact Fund | Announced |
MR Presta is a financial technology company that builds digital lending tools aimed at enabling small business lending in emerging markets, particularly in Latin America. It provides services such as sales advances, invoice advances, and e-commerce credit, helping underserved small businesses secure financing to grow and operate. The company leverages technology to efficiently analyze credit risk, reduce operational overhead, and speed up loan approval processes, addressing the significant gap in access to capital for small businesses in these regions[1][2][3].
Founded in 2013 by Carlos Rosso and Cesar Manduca, MR Presta emerged from the founders’ extensive experience in various lending sectors across Latin America, except small business lending. Recognizing the underserved nature of small business credit in the region, they developed MR Presta to close this gap by using technology to streamline lending operations and risk assessment. The company is headquartered in Nuevo Leon, Mexico, with a significant presence in Austin, Texas, reflecting its cross-border focus on emerging markets[1][2][4].
MR Presta rides the global fintech trend of digital financial inclusion, targeting the underserved small business segment in emerging markets where traditional banking infrastructure is limited. The timing is favorable due to increasing digitization, mobile penetration, and demand for alternative credit sources in Latin America and similar regions. By enabling faster, more accessible lending, MR Presta supports economic growth and entrepreneurship, influencing the broader ecosystem by demonstrating scalable fintech solutions for financial inclusion[1][2][4].
Looking ahead, MR Presta is positioned to expand its impact by scaling its lending platform across more emerging markets, leveraging ongoing fintech innovation and growing demand for small business credit. Trends such as AI-driven credit scoring, embedded finance, and increased regulatory support for fintech could shape its journey. As it matures, MR Presta’s influence may grow beyond lending, potentially integrating more financial services to become a comprehensive platform for small business financial health. This evolution ties back to its core mission of closing the credit gap for underserved entrepreneurs in emerging economies[2][4].
