Prestatech

Prestatech provides European banks with a platform that utilizes computer vision for data extraction and structured dataset creation from financial documents, facilitating instant onboarding and credit scoring. Their cash-flow based credit decisioning and embedded lending solutions streamline the lending process for retail and SME clients, enhancing operational efficiency and decision accuracy.

Traction 10/10

HQ unknown

Founded 20213810K+ followers

Artificial Intelligence
Data & Analytics
Enterprise Software
Financial Technology
Software Only

Updated 23 months ago

Funding

Raised to date

$4.4MRaised 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.

Funding rounds are not available yet.

Founders

2 founders

Christian Nothacker

CEO / Co-Founder

luca terragni

Co-founder

Product

Problem

Financial institutions face challenges in efficiently extracting and structuring data from financial documents, leading to delays in onboarding and credit scoring processes. Traditional methods are often manual, time-consuming, and prone to errors, hindering the ability to quickly assess credit risk and provide timely lending services.

Solution

Prestatech offers a platform that leverages computer vision and AI to automate data extraction from financial documents, transforming them into structured datasets. This enables instant onboarding and credit scoring, streamlining the lending process for both retail and SME clients. The platform's cash-flow based credit decisioning and embedded lending solutions enhance operational efficiency and decision accuracy by providing a comprehensive view of an applicant's financial situation. Prestatech's solutions can be integrated into existing systems or marketplaces, allowing financial institutions to offer a variety of digital lending products.

Target Audience

Prestatech primarily targets European banks and financial institutions looking to automate their lending processes and improve the efficiency of credit risk assessment. The platform also caters to marketplaces and platforms seeking to embed digital lending products for their vendors and merchants.

Features

Computer vision-powered data extraction from financial documents (e.g., bank statements, tax returns)
Automated transformation of unstructured data into structured datasets
Cash-flow based credit decisioning algorithms
Embedded lending solutions for seamless integration into existing platforms
Open API platform for managing data and credit-related processes
Cloud-based architecture for scalability and security
AI & ML algorithms to bolster accuracy and automation