cashy
At CASHY you can sell your items or borrow money for them (pawn loan).
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
* | €6.0m | Early VC | |
| Total Funding | 000k | ||
| USD | 2023 |
|---|---|
| Revenues | 0000 |
| EBITDA | 0000 |
| Profit | 0000 |
| EV | 0000 |
| EV / revenue | 00.0x |
| EV / EBITDA | 00.0x |
| R&D budget | 0000 |
Source: Dealroom estimates
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Cashy operates a fintech platform offering asset-based financing solutions, positioning itself as a modern alternative to traditional pawn services. The company primarily serves individuals and businesses in Austria and Germany who require short-term capital. Its business model is centered on providing pawn loans and outright purchase options for a wide array of valuables, including electronics, jewelry, luxury watches, designer bags, and vehicles. Revenue is generated through interest and fees on these loans, calculated based on the loan amount and duration.
Founded in Vienna, Austria, in 2018 by Patrick Scheucher, Florian Sulzer, and Sebastian Leopold, Cashy identified a market need for a digitized and more transparent financing alternative independent of a client's credit score. The company developed a proprietary online portal, cashy.at and cashy.de, which features a valuation tool that can assess over 60,000 different items in real-time, providing users with an immediate loan or sale value. This digital-first approach allows customers to initiate the process from home by sending their items via post or by visiting one of the physical branches for immediate cash disbursement.
The company has undergone significant expansion, backed by several funding rounds. A notable investment in April 2020 involved paysafecard founder Michael Müller. This was followed by a seed round in February 2021 and a substantial €6 million investment in May 2023, led by Katharo Ventures, aimed at fueling its German market expansion. This strategic growth led to the opening of its first German branch in Munich in November 2022, with subsequent locations in Berlin and Essen. This hybrid model, combining a streamlined online platform with a network of physical stores, allows Cashy to cater to a broader customer base, offering both digital convenience and personal interaction.
Keywords: pawn loan, asset-based lending, fintech, short-term credit, collateral loan, online pawn shop, secured loans, alternative financing, personal asset loans, vehicle pawn, electronics pawn, jewelry equity loan, online valuation, digital pawnbroking, immediate cash, non-bank loans, Austrian startup, German fintech, short-term financing, valuables as collateral