DineWise (OTC: DWIS) is Bringing the Newest Pawn Shop Company to Wall Street and Could Hedge Against the Looming Recession
With its PawnTrust division, DineWise (OTC: DWIS) is looking like one of the hottest growth stories to unfold in 2023!
LATEST NEWS
PawnTrust Will Use Artificial Intelligence (AI) Throu30ghout Its Online Marketplace
If you are looking for recession and depression resistant stocks, one option is to look at the stocks of publicly traded companies in the pawn shop space. Pawn shops have been reporting that business is booming, and that more and more middle class and upper-class people are taking advantage of their services.
Publicly traded PawnTrust is the only marketplace exclusively for pawn shops that allows users to buy, borrow and barter through an app, all from their mobile phone.
Finally, the technology to act as an intermediary between the consumer and local Pawn Shop is here!
bringing pawn SERVICES right to your phone
A Pawn Shop In Your Hand
30M+
People without bank accounts who use pawn shops annually
11,000+
Pawn shops in the United States
$$$
The company charges a monthly licensing fee, all other profits go directly to the pawn shop
24/7
Because of its online presence, customers can utilize pawn/financial services around the clock, every day
Pawn shops are required to send items to local police departments to ensure the items are not stolen, this is known as a "Police Hold". All items on the app have passed the hold, meaning users don't have to wait
What Investors Are Looking At
Whether You Admit It Publicly, You've Probably Seen Pawn Stars.
The show, which chronicles the daily doings at the Gold and Silver Pawn Shop of Las Vegas, is a guilty pleasure.
Obsessed fans of the show line up outside the store to get a glimpse of their favorite character, whether it's Chumlee or The Old Man. At one point thousands of people were visiting every day.
Pawn Stars ranks at the 99.3th percentile in the Reality genre. This means Pawn Stars has higher demand than 99.3% of all Reality titles in the United States!
Pawn shops are popular because they allow people to quickly trade collateral for cash and get better deals on items (sometimes unique collectibles) that would cost more somewhere else.
In these trying and uncertain times, more and more people are finding themselves in a financial pinch.
As inflation continues and a recession looms, millions of Americans may choose their local pawn shop to get a personal loan and quick cash.
Publicly traded pawn shop lenders had a banner year in 2022!
FirstCash Holdings, which has pawn shops across the U.S. and in Latin America, had a record-setting second quarter. Its revenue in the first half of 2022 was almost double what it made in 2021.
Likewise, EZCORP, Inc., another publicly traded pawn shop company, says its outstanding pawn loans reached a record high of $204.2 million by the end of June 2022. Its total revenue increased 24% with gross profit increasing 20%.
The increasing adoption of e-commerce in the pawn shop market has created an opportunity for market players to expand their businesses online to expand their consumer base.
PawnTrust, a DWIS company, is at the beginning stages of its growth, which means this is an early-stage story that could have monumental blue-sky movement ahead!
Co-founded by marketplace guru, Christina Farr, the company allows users to borrow, barter, and buy through its mobile app conveniently. It features a wide range of electronics, arms, jewelry, tools and much more.
The company has "Pawn Partners" which are your local neighborhood pawn shops throughout the United States, Mexico and the Caribbean in which it seamlessly has their inventory on display for immediate purchase.
Through these Pawn Partners, PawnTrust creates the ability to have multiple Pawn Shops bidding for your loan which puts more money in the borrowers pocket at better rates.
PawnTrust plans to grow through increasing the pawn shops in their network. There are currently over 11,000 pawn shops in the U.S. alone!
About 30 million people who don't have a bank, or access to bank services, use pawn shops every year, according to the National Pawnbrokers Association.
There are only a select few publicly traded pawn shop related stocks and PawnTrust is looking like golden gem in the arena. Current levels could be at a supreme value right now.
PawnTrust will also offer microlending and will lend capital to small businesses. These loans will be based on the consumerâs monthly revenues. With tens of thousands of small businesses, the market is monstrous.
PawnTrust allows the ability to execute a Title Pawn through its app "TitlePal" This also represents another massive market.
PawnTrust, the Largest Pawn Marketplace in the World, is Now Taking Wall Street by Storm!
DineWise (OTC: DWIS) is bringing the pawn shop online, providing worldwide access through the companyâs game-changing app.
Addressing an Antiquated Arena
Though there are thousands of pawn shops across the country, they are highly antiquated. Some donât even have computer systems or websites!
What makes PawnTrust unique?
PawnTrust is the only pawn marketplace in the world and is a publicly traded company!
The companyâs app gives the customer the ability to do business online, rather than the traditional method of walking into a brick-and-mortar shop, where there is substandard service and potential embarrassment from face-to-face contact.
RDWIS has recognized a massive opportunity here. One that is like the opportunity when the internet first came out.
The saying was that un-bankable people would not use the internet and had no way of paying for items. PayPal, Cash App, Venmo, Chime, and other fintech companies had a different idea. Today billions of people are on the world wide web through computers and mobile phones and this number is constantly growing.
DWIS believes that pawn shops across the country will eventually make the digital transformation otherwise they will be missing incremental sales in their businesses.
In the ever changing and multi-billion-dollar marketplace sector, DineWise (OTC: DWIS) has established a unique step by step growth strategy and will eventually transform how Pawn is done across the world!
While eBay innovated with the first online auction website, and Craigslist disrupted the traditional marketplace, emerging company DineWise (OTC: DWIS) is offering the world the very first and ONLY segmented pawn marketplace!
The two largest pawn shop companies are First Cash and EZ Pawn. These brands are publicly traded (FCFS and EZPW), have been in business for decades. Years of mergers and acquisitions have made these brands behemoths, and most locations carry a corporate guarantee.
With PawnTrust, DineWise (OTC: DWIS) is the newest player in the pawn shop space on Wall Street and brings to the table a FIRST in history offering.
In times of economic turmoil, the pawn industry flourishes. When times get tough, many traditional retailers feel it. The pawn world reacts as well, but itâs usually in a positive way as pawn or payday loans become a critical source of money for individuals between jobs or affected by an economic downfall.
If youâre a fan of reality shows like âPawn Starsâ or âHardcore Pawn,â youâre already familiar with how pawn shops work and can understand how revolutionary PawnTrustâs app really is.
With a strategic growth strategy, DineWise (OTC: DWIS) may be poised for colossal upside as PawnTrust introduces its app to the world and takes pawn shops into the digital era!
DISCLAIMER