<- Network as a Nation


Published on May 20th, 2013 | by Donald McIntyre


Finovate Spring 2013: Prestadero Is A Mexican Peer To Peer Lending Marketplace

If you want to borrow money from a bank in Mexico the rates can be very high and if you want to invest what they pay you doesn’t even hold a proportion. Due to high concentration in the banking system and thus a lack of competition the spreads the banks enjoy are abnormally high.

Given this situation it was only natural that a company like Prestadero would come to solve this problem for consumers. The service is a peer to peer lending market place where investors get a much higher rate for their money and borrowers pay a much lower cost.

In this interview Gerardo Obregon, CEO of the company, talks about the Mexican market and Prestadero’s service:

Tags: , , ,

About the Author

Founder of Etherplan. Founder of Naation. Co-founder of Global Financial Access. Founder of Dineronet and McIntyre S.A. Previously, at Morgan Stanley and UBS.

Back to Top ↑