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CASHY

Austria
Market: Financial services
Stage of the project: Operating business

Date of last change: 30.09.2022
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Idea

At CASHY we resolve the conflict of growth and risk minimization in consumer lending. Reinventing pawnbroking we have created the world's first digital ecosystem for asset-based consumer loans.

Current Status

CASHY is on the market for about 3Y now, we have now raised capital of 6M, show an MRR of 125k€, and a Revenue CMGR of >10% for the last year. We are now expanding to a second market (Germany), and want to start preparing further expansion in Q1.

Problem or Opportunity

CASHY solves the conflict of risk-minimization and scalability in consumer lending, by reinventing and digitalizing pawnbroking.

Solution (product or service)

CASHY has created a digital ecosystem that allows customers to valuate, pawn, redeem, extend, or sell personal items as easily as ordering on Amazon. We provide instant prices for more than 40k products, and various shipping and payment methods to accomodate for customer needs.

Business model

CASHY instantly provides cash to close liquidity gaps by either purchasing personal items or issuing a pawn loan, using the item as a security. Those purchased as well as the unredeemed items are then resold on various platforms, often on the same day. The entire process from finding us online, valuating items, booking the deal, extending a pawn contract, etc, all the way to invoice generation for a resold item via eBay or other platforms is built into our self-developed tool.
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