Founded in 2010, Pfando's cash & drive GmbH operates as a financial services provider in Germany, specializing in an alternative financing model known as "cash & drive." The company's core business is a sale-and-leaseback arrangement where vehicle owners sell their car to Pfando for immediate cash and then lease it back for continued use. This service is positioned as a fast and unbureaucratic alternative to traditional bank loans or pawn credit, as it does not require credit checks (like SCHUFA in Germany). With over 80 branches across Germany, the company targets individuals who need quick liquidity and own a vehicle to use as the underlying asset.

Founded in

Germany