Internet Pawn operates an online pawnbroker service that provides short-term loans secured by customers' personal valuables. The company says it offers quick cash, no interest for six months, and remote transactions for privacy and convenience. It will loan on “just about anything legitimate and of value” and specializes in Rolex, Omega, Tag Heuer, and Breitling watches. Founded in 2009 by operators of brick-and-mortar pawn shops, the startup positions itself as the first online pawnbroker in the United States. If borrowers do not redeem loans after the 180-day period, customers forfeit the property and Internet Pawn sells the items. The company states compliance with federal laws including the USA Patriot Act, Gramm-Leach-Bliley privacy provisions, the Truth in Lending Act, the Bank Secrecy Act, and certain IRS regulations.

Total raised

$2M

Funding rounds

1

Latest round

Series A

Latest activity

May 2010