Philippines: PawnHero bags $9.7m financing, partners PLDT fintech arm

From left are PawnHero CFO Syam Devineni, PawnHero chairman and founder David Margendorff; PLDT, Smart, Voyager, and FINTQ chairman Manuel V. Pangilinan, Voyager president and CEO Orlando Vea, and FINTQ managing director Lito Villanueva.

Southeast Asia’s first digital pawn shop PawnHero has closed a $9.7 million (P500 million) financing deal with a Philippine investment bank even as it signed a partnership agreement with the fintech arm of telco giant PLDT.

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