Pesto Analysis
What is Pesto?
Pesto enables brands to launch secured credit cards through an asset-backed model, streamlining fintech solutions for credit programs.
Founded
2020
ZoomInfo
Product Features & Capabilities
- Secured credit card programs, asset-backed credit cards, mobile banking solutions, tailored integration for credit card programs, KYC services, fraud monitoring, compliance management, custom branding options, end-to-end support for product design and launch.
Pricing
- Annual Fee: $39.96 ($3.33 monthly fee)
- Sign-up Bonus: None
- Rewards: Unlimited 1% cash back on purchases and cash advances
- APR: 29.99% Variable
Investors
- Activant Capital
- Plural
- Sozo Ventures
- Commerce Ventures
- NJF Capital
- Great Oaks Venture Capital
- OEL Ventures
- Z47
- Caffeinated Capital
Market Focus
Pesto primarily focuses on the technology education industry, specifically enabling software engineering talent to secure international tech careers through remote job opportunities.
Business Model
Asset-backed credit cards for underbanked consumers; revenue from interest on loans.
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