Fundingsecure.com/pawnbroker -

: On October 23, 2019, FundingSecure Ltd was placed into administration .

: Factors included a high number of borrower defaults and costly ongoing litigation, such as a major fraud lawsuit involving millions in missing art collateral. Guidance for Investors and Borrowers fundingsecure.com/pawnbroker

: Because the focus was on the asset's value rather than credit history, funds could often be released within 24 hours. Current Status: Administration : On October 23, 2019, FundingSecure Ltd was

: Approximately 3,500 investors were left with outstanding loans totaling roughly £80 million. : On October 23

: It connected individual investors with borrowers who needed short-term funding.