Online Pawn Lending Goes Back Offline

Online Pawn Lending Goes Back Offline

Prominent online lender Borro Private Finance unexpectedly ceased its collateral-based lending program this summer after nearly ten years of business. The UK-US-based establishment specialized in online pawn loans against valuable assets, including fine art, jewelry, and watches. The immediacy and convenience of pawn loans has cemented its value within the brick-and-mortar eco-system and established collateral lending as one of the only industries that has been unable to transition into an online marketplace.

Read the full article Business Wire: https://www.businesswire.com/news/home/20190924005064/en/Online-Pawn-Lending-Offline

Summary
Online Pawn Lending Goes Back Offline
Article Name
Online Pawn Lending Goes Back Offline
Description
Prominent online lender Borro Private Finance unexpectedly ceased its collateral-based lending program this summer after nearly ten years of business. The UK-US-based establishment specialized in online pawn loans against valuable assets, including fine art, jewelry, and watches. The immediacy and convenience of pawn loans has cemented its value within the brick-and-mortar eco-system and established collateral lending as one of the only industries that has been unable to transition into an online marketplace.
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Publisher Name
New York Loan Company
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