PawnHero

lendingonline loans

FOUNDING YEAR: 2014
LOCATION: Philippines
Last Update: 01/05/2020

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About

PawnHero is an online pawnshop in Southeast Asia that helps users to meet their short-term cash needs. It offers online mortgage loans exchange for valuable items like jewelry, precious metals, mobile phones, electronic gadgets, musical instruments, etc.

Focus

PRODUCTS & SERVICES

Pawnshop offers a mobile app that enables users to apply for loans through their smartphones. Once the loan is approved, a pick-up team delivers a personal loan kit to the applicant at their registered address. Borrowers can use the free cash card to withdraw money from their nearest ATM within hours. It also provides free insurance coverage to the borrowers, which is underwritten by Pioneer Insurance Corporation.

REVENUE MODEL

The company earns by charging an interest on the loan.

MAIN CLIENTS

Retail customers

EXISTING PARTNERSHIPS

Reliance

Fintonia Group

Forum

Space Ventures

SIG Susquehanna

People

FOUNDERS

David Margendorff

NUMBER OF EMPLOYEES

11-50

INVESTORS:

500 Startups

Hatchd Digital

IMJ Investment Partners

Softbank China and India Holdings

Spiral Ventures

Momentum

FUNDED

YES

TOTAL FUNDING

$9.7 M

DATE OF LAST FUNDING

Aug 2017

TOTAL FUNDING COMMENT

The company is planning to use its fund to grow its loan book and service more customers. (Aug. 2017)

SEED CLOSED ON

Mar 2016

SEED PRIOR FUNDING COMMENT

An undisclosed amount of funds were raised in March 2016.

FUNDING SERIES

SERIES A  · $9.7 M  · Aug 2017

LISTED

NO

Innovation Programs

BASICS

FOUNDING YEAR:

2014

LOCATION:

Philippines

Views:

139 VISITORS | 335 VIEWS
LATEST FUNDING ROUND

$9.7 M

TOTAL EMPLOYEES
11-50

About

PawnHero is an online pawnshop in Southeast Asia that helps users to meet their short-term cash needs. It offers online mortgage loans exchange for valuable items like jewelry, precious metals, mobile phones, electronic gadgets, musical instruments, etc.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

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People+
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Innovation Programs

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