PawnHero

PawnHero   Top100 - Echelon Asia Summit 2015

PawnHero is disrupting the pawnshop industry in SEA by moving it online and offering much better terms.

Founded: 2014

About PawnHero

In emerging markets countries like the Philippines only 2 out of 10 people have a bank account and less than 5% have a credit card. Most Filipinos don’t have access to affordable credit. Their only option is to borrow from pawnshops who charge extremely high interest rates.

PawnHero is the 1st online pawnshop in Southeast Asia, will solve this problem of expensive credit and interest rates. Through the use of technology they charge half of the interest, provide an easy, fair and convenient way of overcoming short-term cash needs. This is a completely new way of doing business in the industry, truly revolutionary, created by genuine visionaries.

Most pawnshops only accept jewelry, not your personal item(s) such as gadgets, electronics, and mobile phones. But at PawnHero, not only can you pawn and sell these item(s); you can also do so discreetly. Save time and say goodbye to the intimidating and embarrassing pawnshop experience of the past!

Just take pictures of the item(s) you wish to pawn or sell to receive a fair estimate from one of our leading industry experts. Once accepted, we pick-up the item(s) or you can drop it off in any of the 900+ PawnHero affiliated outlets nationwide. Packages are fully insured and shipping is FREE.

Once your item(s) is received and appraised, you will receive your money through the PawnHero Card which will be provided to you for FREE. No need to have a bank account.

Unlike traditional brick and mortar pawnshops, there are no hidden costs and no penalties for late payments. Through the use of modern technology for appraisal, PawnHero is able to offer half of the monthly interest (2.99%) of physical pawnshops. That makes PawnHero the most competitive in the country.

When it’s time to redeem your item(s) simply contact one of our customer representatives or use your PawnHero Card to pay your loan and we will ship back the item(s) to you, again fully insured and free of shipping charges.

Team

David Margendorff
David Margendorff Co-Founder & Chairman Jan, 2014 - Present
Albert Arevalo
Albert Arevalo Project Manager Dec, 2014 - Present

Funding

INVESTOR
STAGE
AMOUNT
DATE

United States of America

See all investors
Round: Grant
Round Size: Undisclosed
Date: Mar 2016
Undisclosed

Round: Grant
Round Size: Undisclosed
Date: Feb 2016
Undisclosed

Round: Seed
Round Size: Undisclosed
Date: Feb 2015
Judges' Comments
Amarit Charoenphan

Amarit Charoenphan

Thailand Startup Ecosystem Builder & Metapreneur / Co-CEO & Cofounder, HUBBA

Great team. Doesn't need funding.


John Orrock

John Orrock

Founder at Future Now Ventures

Local government requirements.

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