Tag Archives: underbanked

PawnGuru Raises $2.5M Series A, Plans Expansion into Latin America

PawnGuru, a startup focused on digitizing the pawn shop experience, has raised $2.5 million in a Series A funding round. The investment was led by the Impact America Fund and Invest Detroit, with additional contributions from angel investors. Since its inception in 2015, the company has raised a total of $3.7 million. Jordan Birnholtz, PawnGuru’s […]

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Pawn Shops Finally Go Digital, Helping Underbanked Find Quick Cash

In May and June, the financial industries that serve low-income Americans began to change in big ways. First, the Consumer Financial Protection Bureau proposed new rules for payday lenders. The first banned lenders from withdrawing money directly from their customers’ bank accounts, while the second restricted their ability to lend by imposing credit limits. Then […]

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PawnGuru Takes Process of Buying, Selling, and Negotiating Online

Anyone who has watched “Hardcore Pawn”—the reality show set in Detroit that follows the Gold family, owners of American Jewelry and Loan—knows that getting a fair price for the stuff they want to sell can be a challenge. One has to first bring an item to pawn that is considered attractive to pawnshop owners, and […]

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Texas Roundup: Houston’s Biotech Ecosystem, RealSavvy, Q2, Stellarray

Let’s catch up with the latest innovation news in Texas. —Austin, TX app company RealSavvy wants to help real estate agents leverage technology rather than being replaced by it. The company’s mobile app uses a Pinterest-like approach, letting buyers search home websites and “pin” those selections to a personalized board. —In the last year, Houston’s […]

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Austin Fintech Company Q2 Holdings Acquires Iowa Software Firm

Q2 Holdings, an Austin, TX, fintech company, announced Tuesday it has acquired Des Moines, IA-based Social Money for $10.6 million. Social Money makes cloud-based software that targets millennial consumers as well as populations called “underbanked,” who are frequently minorities or immigrants who do not interact with the mainstream financial sector. In particular, Social Money’s SmartyPig […]

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