PawnHero Pawnshop is the first online pawn shop in SE Asia and aims to reshape the industry by providing an affordable personal loan off a wide range of items.
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. This leaves them with few options for cash loans when emergencies strike. One of the only options is to borrow from pawnshops who charge extremely high interest rates on pawned items. That's if an item even manages to meet the standards of what pawnshops will accept.
Having positioned ourselves as the first to market will solve this problem of expensive credit for base-of-the-pyramid, emerging-market consumers. We provide an easy, fair and convenient way of overcoming short-term cash loan needs. This is a completely new way of doing business in the pawning industry; it's truly disruptive, and created by genuine visionaries.
PawnHero is the most funded Fintech startup in the Philippines and is backed by some of the most recognised global venture capital firms including Softbank, 500 Startups, and IMJ Investment Partners.
