Pawn NG Expands Asset-Backed Financing in West Africa

Pawn NG, an alternative finance company founded in 2018 by Eziefula Ezichi, is expanding its asset-backed financing model in Nigeria and Ghana. The company addresses the challenge of accessing conventional credit by allowing individuals and businesses to unlock liquidity from luxury assets, such as watches and jewelry, without selling them.

Pawn NG has served over 15,000 customers and facilitated the sale and purchase of more than 7,000 authenticated luxury watches. The company operates in major cities including Lagos, Abuja, Port Harcourt, and Accra, positioning itself as a bridge between alternative finance and the luxury asset market in West Africa.

This model is particularly relevant for entrepreneurs needing quick access to funds for working capital or business opportunities. The focus on authenticated luxury watches is critical for protecting buyers and sellers from counterfeit risks.

As African economies face liquidity constraints, Pawn NG aims to redefine the perception of valuable assets as potential financial resources.