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Pesto offers loans to customers who provide valuables as collateral.
Founded in 2020 and based in California, US, Pesto, formerly PingLend, provides credit backed by customers' valuables. Its online platform supports document verification and transfers funds to accounts associated with collateral, including short-term loans. In May 2023, it raised USD 11 million in Series A funding co-led by Activant Capital Group and Plural Platform, with participation from Commerce Ventures and other investors.
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