Pawngo

Pawngo

American online pawn shop securing a short-term solution to financial needs. Learn more

Launch date
Employees
Market cap
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Enterprise valuation
CAD13—19m (Dealroom.co estimates Jun 2011.)
Denver Colorado (HQ)
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Early VC

$2.3m

Early VC

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Seed

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Total FundingCAD3.1m

Recent News about Pawngo

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Borro, a brand of Luxury Asset Capital, specializes in providing confidential, non-bank loans using luxury assets as collateral. The company serves high-net-worth individuals and businesses who possess valuable assets such as luxury cars, watches, fine jewelry, diamonds, gold, precious metals, designer handbags, and luxury real estate. Operating in the niche market of luxury asset-based collateralized lending, Borro offers a swift and discreet alternative to traditional financing methods. Clients can secure loans ranging from $2,500 to $5,000,000 within 1 to 3 days, without the need for personal guarantees, credit checks, or extensive paperwork. Borro's business model revolves around leveraging the equity in luxury assets to provide short-term loans, enabling clients to meet urgent financial needs without selling their prized possessions. Since its inception in 2008, Borro has facilitated over $450,000,000 in loans to more than 15,000 clients, establishing itself as a market leader in this specialized financial service.

Keywords: luxury assets, collateral loans, non-bank financing, high-net-worth clients, fast approval, no credit checks, short-term loans, confidential service, asset valuation, alternative financing.

Tech stack

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