gets funding for short-term loans online

Short-term 'payday' loan and e-commerce services

Online pawn shop has raised new venture capital backing from an undisclosed investor. The Canadian company will spend the cash on marketing its short-term ‘payday’ loan and e-commerce services. It will also expand the range of items accepted as loan collateral. This is the second funding injection in a series plans to continue over the next two years. The sum of the investment is not disclosed.

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