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Why Canaan Partners backed a digital pawn shop

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Borro raises $26 million, (sort of) thanks to Lending Club.

FORTUNE -- Pawn shops aren't exactly considered a big target for venture capital investors, but there isn't really any other pawn shop like Borro.

The London-based company lets users get short-term loans of between $1,000 and $1 million, by handing over high-end personal items like jewelry, antique cars and fine wine. It then charges monthly interest rates of between 3% and 4%, plus MORE


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