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Mergers and acquisitions continue to take place in the fintech 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. ... (read more)