# Pawngo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pawngo

- Industry: Consumer Products
- Headquarters: Denver, US
- Website: www.pawngo.com
- Total disclosed funding: $3.8M
- Latest round: Seed (Dec 8, 2011)
- Investors on record: 4

## About

Pawngo is a financial services company specializing in luxury asset-based collateralized loans, offering rapid access to funding for clients leveraging high-value assets without credit checks.Founded in 2009, Pawngo, headquartered in Denver, US, provides luxury asset-based loans. The company has completed a total of 4 deals, with its latest deal occurring on August 27, 2013. Dewey Burke is the founder and currently serves as CEO. In August 2013, Pawngo raised USD 0.27 mn in a VENTURE DEBT round involving Access Venture Partners, Daylight Partners, and Lightbank, bringing the total amount raised to USD 2.30 mn.Pawngo specializes in luxury asset-based collateralized loans, enabling clients to access substantial funding amounts, typically up to USD 5,000,000. Clients leverage high-value assets such as luxury cars, fine jewelry, designer handbags, and fine art, unlocking equity without credit checks or personal guarantees. The streamlined process allows for loan funding in as little as one business day, with minimal paperwork. The target clientele consists of affluent individuals and businesses across the United States seeking fast liquidity options against their high-value illiquid assets, delivered through a discreet and efficient service.Pawngo generates revenue through interest on loans provided to clients using their luxury assets as collateral. After assessing the asset's value, clients receive loan offers which lead to electronically executed funding agreements. The firm operates primarily on a B2C model, with revenue contingent on the collateralized assets' values, retaining a percentage of the asset's fair market value as the loan amount, aligning interests between the company and clients.Pawngo plans to utilize the recent funding from August 2013 to further enhance its product offerings and expand its market reach. The company is focusing on designing new loan products targeting additional high-value asset categories. Furthermore, Pawngo aims to expand its services into new geographical regions across the US, enhancing its operational footprint by the end of 2014.

## Funding rounds

- Seed, Dec 8, 2011 — SV Angel
- Seed, Jun 8, 2011, $2.3M — Lightbank
- Series A, May 12, 2010, $1.5M — Access Venture Partners, Daylight Partners

## Investors

- Access Venture Partners (https://capitalatlas.ai/funds/access-venture-partners) — Series A
- Daylight Partners (https://capitalatlas.ai/funds/daylight-partners) — Series A
- Lightbank (https://capitalatlas.ai/funds/lightbank) — Seed
- SV Angel (https://capitalatlas.ai/funds/sv-angel) — Seed