• FOUNDING YEAR: 2014
    LOCATION:
    Philippines
    REGION:
    Last Update:
    18 Oct, 2019
    Global presence:
    Philippines

Description

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:
Viewable by subscribers only
MAIN CLIENTS:
Retail customers
EXISTING PARTNERSHIPS:
Reliance, Fintonia Group, Forum, Space Ventures, SIG Susquehanna

PEOPLE

FOUNDERS:
David Margendorff
NUMBER OF EMPLOYEES:
11-50
INVESTORS:
IMJ Investment Partners, 500 Startups, Spiral Ventures, Hatchd Digital, Softbank China and India Holdings

TRACTION

Insufficient information for accurate analysis

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$9.7 Millions
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 Millions Closed: Aug 2017
LISTED:
NO

LATEST RESEARCH