PawnUp.com, a Montreal, QC, Canada-based provider of pawn shop services online and pawn loan money provider, has raised $250k in venture capital funding.
The company, which also received angel investment in the second quarter of 2011, intends to use these funds to continue to expand throughout Canada, increase awareness about its service.
Investors remained undisclosed.
PawnUp.com offers online loans secured by a very wide range of items of value including, but not limited to, jewelry, collectibles, art, precious metals, watches, loose stones, and antiques. It also operates an online pawn shop that allows customers, upon completion of a brief online application form, to get a free evaluation of their items, and a quote for a loan or a price for sale.
It insures all items, provides pre-paid shipping service to and from their secure facilities via FedEx.