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:

Author: Donald McIntyre

Editor of Naation: Communicating to the world the advantages of financial technology, Bitcoin, Ethereum, sidechains, and blockchain in general. Founder of Etherplan: The global wealth management network. Co-founder and advisor of Global Financial Access: Helping people everywhere access assets issued anywhere in the world. Previously, was founder of McIntyre S.A., Dineronet, and Senior Vice President at Morgan Stanley and Vice President at UBS Securities.