Pesto provides a Collateral Operating System that enables brands to quickly launch their own revolving, secured credit card programs. The platform handles end-to-end infrastructure, including product design, underwriting support, and regulatory compliance. This allows partners to focus on customer relationships while accelerating time-to-market with a scalable, mobile-first solution.
Funding
$11.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
GOHCSCFounders
Product
Problem
Traditional credit card programs rely heavily on FICO scores and credit history, excluding individuals with limited or no credit or those who prefer to leverage assets other than cash. Launching and managing a credit card program requires navigating complex infrastructure, compliance, and customer service, posing significant challenges for brands.
Solution
Pesto provides a platform for brands to launch asset-backed secured credit card programs, enabling them to extend credit to customers using collateral such as virtual assets, physical assets, or inventory. Pesto manages the entire credit card program infrastructure, including card fulfillment, mobile app, mobile wallet integration, collections, statementing, customer service, KYC services, fraud monitoring, compliance, capital markets, and banking relationships. This allows brands to quickly launch customized credit card programs, enhance customer engagement, and increase customer lifetime value without the complexities of building and managing the infrastructure themselves. Pesto also offers off-the-shelf branded card programs.
Target Audience
Pesto targets brands seeking to launch secured credit card programs to enhance customer engagement, increase customer lifetime value, and leverage alternative underwriting methods beyond traditional credit scores.
Features
- Asset-backed credit card program secured by virtual assets, physical assets, or cash
- Complete credit card program management, including card issuance, mobile payments, and customer support
- Customizable card programs with options for brand customization or off-the-shelf branding
- Mobile app and wallet integration for a modern user experience
- KYC, fraud monitoring, and compliance services to ensure regulatory adherence
- Quick credit line estimation without a credit score check
- Options for immediate funding or scheduled payments