The Finteca startup, a mortgage platform with more than 3,000 real estate partners and managing over 20,000 mortgages each year, has been acquired by Clar, a global digital loan broker based in Sweden.
This proptech, incubated by Nuclio and founded in 2017 by Silvia Escámez and Carlos Blanco, will become part of Prestalo, Clar’s loan broker in Spain.
With this acquisition, the Swedish group adds mortgage management to its service portfolio, leveraging Finteca’s expertise to strengthen the model in Spain and then expand to other countries such as France and Portugal.
“Joining Prestalo is an opportunity to reach all market niches, offering any mortgage financing solution. In addition, we will soon be operating in international markets such as France or Portugal, hand in hand with Clar’s other divisions worldwide,” says Silvia Escámez, CEO of Finteca.
“We are very pleased to be part of the Clar group, and we trust that the union with a European fintech group will be a very fruitful stage for Nuclio and Finteca shareholders,” says Carlos Blanco, Chairman of Nuclio.
Prestalo is a loan broker handling around 100,000 loan applications each month. Prestalo’s marketplace helps consumers choose the loan with the most optimal conditions in the market.
“Having Finteca’s expertise in mortgage loan management will be crucial for us to become the leading technology-operated loan manager in the Spanish market. Now we can cover financing for any moment in our client’s life, from buying a house to a car, a renovation, or other needs,” notes Kristoffer Hanson, CEO of Prestalo.
Meanwhile, Per Granstrand, Managing Director of Clar, has stated: “We are impressed with the work that the Finteca team has done to develop the business to date. We are very pleased to have them from now on and to bring Finteca’s success to more markets worldwide.”
Finteca was advised in the sales process by Jorge Blasco, a partner at the M&A boutique specializing in technology, The Net Street.
(This article was originally published in Spanish)
