Pesto
PrivateLast Round
Series A
May 25, 2023
Total Funding Raised
$11M
Company Overview
Pesto is a San Francisco-based financial technology company founded in 2020 by James Savoldelli. The company operates as a provider of asset-backed credit services. Its flagship product, the Pesto Mastercard, allows individuals to secure a credit card by using their personal valuables as collateral, offering a way to access liquidity and build credit without a traditional credit score check. The card is issued by Continental Bank. In addition to its direct-to-consumer product, Pesto also provides white-label infrastructure for other brands to launch their own revolving, secured credit card programs. The company is a graduate of Y Combinator's Winter 2021 batch and has raised $11 million in funding from investors including Activant Capital, Plural, and Sozo Ventures.
Sector
FinTech
Verticals
Lending & Credit, Platform-as-a-Service, Personal Finance, Digital Banking, Credit Scoring
Business Model
B2C
Customer Profile
Payment Processing Fee, Subscription SaaS, Revenue Share, Services & Consulting
AI Layer
Non-AI
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Pesto Comps
Public and private peers based on sector, stage, and business model.
Pesto Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Series A | May 25, 2023 |
Key People
Founding team and executive leadership
Pesto Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Human Capital | Series A |
| Commerce Ventures | Series A |
| NJF Capital | Series A |
| Activant Capital | Series A |
| Y Combinator | Series A |
| Soma Capital | Series A |
| Sozo Ventures | Series A |
Pesto Filings
SEC and related filings with document metadata.
| Typed | Date | Amount Offered | Amount Sold | Filling | Pages | Download |
|---|---|---|---|---|---|---|
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Frequently Asked Questions
Common questions about Pesto's valuation, stock price, and market status.
