# Pesto

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pesto

- Industry: Financial Services
- Headquarters: San Francisco, US
- Website: www.getpesto.com
- Total disclosed funding: $11M
- Latest round: Series A (May 25, 2023)
- Investors on record: 13

## About

Based in California, US, and founded in 2020,  Pesto formerly known as PingLend, Inc., operates as a financial service company that helps its customers get credit by offering their valuables as collateral. In May 2023, Pesto raised USD 11 million in series A funding co-led by Activant Capital Group and Plural Platform, with participation from Commerce Ventures, etc.

Pesto is a creator of a digital lending platform aimed at offering financial assistance, where individuals can seek funding and have the necessary funds transferred to the account associated with their collateral after verification of documents conducted online. Furthermore, the firm facilitates access to short-term loans tailored to individual requirements.

The company plans to use the May 2023 funding to further develop its product.

## Funding rounds

- Series A, May 25, 2023, $11M — Y Combinator, Core Innovation Capital, Great Oaks Venture Capital, Commerce Ventures, Sozo Ventures, Activant Capital, OVO Fund, Soma Capital Management, NJF Capital, Oberndorf Ventures, Nomo Ventures, Human Capital, Plural

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Series A
- Core Innovation Capital (https://capitalatlas.ai/funds/core-innovation-capital) — Series A
- Great Oaks Venture Capital (https://capitalatlas.ai/funds/great-oaks-venture-capital) — Series A
- Commerce Ventures (https://capitalatlas.ai/funds/commerce-ventures) — Series A
- Sozo Ventures (https://capitalatlas.ai/funds/sozo-ventures) — Series A
- Activant Capital (https://capitalatlas.ai/funds/activant-capital) — Series A
- OVO Fund (https://capitalatlas.ai/funds/ovo-fund) — Series A
- Soma Capital Management (https://capitalatlas.ai/funds/soma-capital-management) — Series A
- NJF Capital (https://capitalatlas.ai/funds/njf-capital) — Series A
- Oberndorf Ventures (https://capitalatlas.ai/funds/oberndorf-ventures) — Series A
- Nomo Ventures (https://capitalatlas.ai/funds/nomo-ventures) — Series A
- Human Capital (https://capitalatlas.ai/funds/human-capital) — Series A
- Plural (https://capitalatlas.ai/funds/plural) — Series A