January 16th 2019
REDWOOD VENTURES ANNOUNCES ITS INVESTMENT IN THE FINTECH PLATFORM YOTEPRESTO
Redwood Ventures announces the formalization of its investment in Yotepresto, a leading platform in the fintech sector for peer to peer loans, as part of a bridge round in which Variv Capital, Tonk Capital and several angel investors also participated.
Yotepresto is a Guadalajara based start-up leader recognized for maintaining low levels of past due loans and higher annual returns than those commonly found in the market and offered by other platforms.
The money raised in the round will be used to strengthen the growth strategy through the development of new products, new acquisition channels, data science and improvement of the technological infrastructure, factors that will increase its user base and provide greater benefits to lenders as to borrowers.
With the formalization of this investment, Redwood Ventures reaffirms its leadership by making investments in technology-based companies with great scalability and expands its portfolio, integrated by: Ares Materials, a developer of materials and polymers for flexible screens; Billpocket, a mobile card payment processor; Gurú de Viaje, a search engine of flights, hotels and tours at the best prices, and now Yotepresto to whom we welcome to the Redwood Ventures family.