Finstar Financial Grabs 51% Stake in Prestamos Prima and its P2P Platform

Mergers and acquisitions continue to take place in the Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term industry, as Finstar Financial Group has acquired a controlling 51% stake in Spanish Prestamos Prima. An alternative finance firm, Prestamos Prima provides P2P lending services through the Viventor platform. An investment holding company, Finstar has over $2 billion in assets under management.

According to the firms, the deal is expected to boost Viventor's growth across Europe. Currently, the platform provides consumer loans and mortgages and is open to investors across all of Europe.

Operating a P2P platform, among Viventor’s missions is opening its platform to an extremely wide investment retail base. As such, the firm allows investors to participate in loans for as little as €10 and €50 minimum account deposit sizes. In addition, Viventor has created a secondary market to provide investors with Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term to exit positions.

Nicholas Jordan, CEO of Finstar Financial Group, commented on the deal: “We are excited about our partnership with a peer-to-peer lending platform such as Prestamos Prima’s Viventor. Finstar is always looking for innovative products in the fintech space and Prestamos Prima is a leader in the European market. We are delighted to work with the talented management team to strengthen Viventor, assist with rapid expansion of other projects and the further diversification of its portfolio.”