iPawn Lands $4M In Funding For Online Pawn Shop

Tyler, Texas-based iPawn, a startup offering up asset-based, online loans, said today that it has raised $4M in a funding round. The firm said the funding was led by Rafi Gridron, along with other angel investors. The company said the new funding will go towards marketing, R&D, and to fund loans. The firm claims it offers low-interest loans and is aimed at middle-class Americans and entrepreneurs. The company offers up cash loans in exchange for jewelry, precious metals, luxury watches, and diamonds. More information »