Pawngo Sets the Standard for Online Pawn Shops With Outstanding Four-Month Numbers

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The First Online Pawn Shop Announces Early Success as They Continue to Grow

I’m thrilled with the success that Pawngo has seen since it was launched in June. Every employee at Pawngo has worked hard and is partially responsible for the overwhelming response we have received from our customers.- Todd Hills

Launched in June of 2011, Pawngo, the first full-service online pawn shop in the United States, venture-backed by Daylight Partners, Access Venture Partners and Lightbank, the $100 million dollar fund that was started by the founders of Groupon; announced today outstanding growth numbers since opening the online business in June.

To date, Pawngo has loaned more than $3 million in 46 states; including one transaction yielding over $50,000. The company has continued to grow and now has thirty employees, which is a substantial increase from the five at their inception.

The website is also striving in its outreach and online presence for those who are interested in the service. Pawngo has over 500,000 visits since its launch in June. They have also had great success with social networking with a combined 20,000 Twitter followers and Facebook likes.

Todd Hills, CEO and founder of Pawngo, had a goal in mind when he took a 3,000 year-old business that he had spent 23 prior years in, from a small shop to a national website.

“I’m thrilled with the success that Pawngo has seen since it was launched in June. Every employee at Pawngo has worked hard and is partially responsible for the overwhelming response we have received from our customers. Things are constantly growing at Pawngo with new announcements every day and our company hopes to continue leading the industry by offering discreet, fair, and fast service to individuals looking to pawn or sell their valuables,” Hills said. ”We are proud to play a part in revolutionizing this historical profession as we lend a helping hand to those who may need financial assistance in the present to excel in the future.”

Pawngo is co-headquartered in Denver CO, and Chicago at the offices of Lightbank. Prior to Lightbank’s investment, Pawngo operated under the brand names Internet Pawn and Boomerang Lending. Pawngo is a licensed pawnbroker and complies fully with state-mandated pawnbroker statutes.

For more information, visit http://www.pawngo.com.

About Pawngo
Pawngo is the first full-service online pawn shop in the US and allows individuals immediate access to the cash they need for life’s countless unexpected moments without leaving the comfort of their homes. The secure, discreet online process eliminates the embarrassment and hassle of going to a brick-and-mortar pawn shop by enabling consumers to conduct the entire transaction from the privacy and convenience of their own home. As evidence of the market for this unique lending model, the company to-date has funded more than $3 million in 46 states.

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Aileen Brody
5W Public Relations
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