Borro: an online pawnshop for consumers in a pinch

financial-services-snapshot-cover
Enjoy this article? You may also be interested in our Financial Services Innovation Snapshot >>
ga('send', 'event', 'Financial Services', 'article', 'article-industry-impression', {nonInteraction: true});

Given the current state of the economy, it’s timely to see a makeover of an age-old form of personal loans. Borro claims to be the world’s first online pawnbroker. The company, which was launched in August 2008, offers short term loans to customers who cannot borrow from banks or have maxed out their other options, giving them cash for jewellery, gold and memorabilia. After filling out an application form describing the valuables they wish to pawn, a borrower is offered a loan of up to 40% of an item’s value.

financial-services-snapshot-cover
Enjoy this article? You may also be interested in our Financial Services Innovation Snapshot >>

Add to my folders:

Select any pre-existing folders to add the current post to. Posts will be added to a 'default' folder if nothing is selected.

Create a new folder (Optional)

Separate with commas to add multiple folders. The current post is automatically added to any new folders you create (e.g. my new folder, my second folder).

Add

Remove from my folders

Below is a list of folders where the current post appears in. Select the folder you wish to remove it from.

Update