VC-backed Pawngo/Lux Exchange taps Burke as president and CEO

Denver-based Pawngo/Lux Exchange, an online marketplace specializing in luxury assets, has named Dewey Burke as president and CEO. Previously, Burke worked at Jumping Jack Cash where he served as chief operating officer. Also, Burke is the former vice president of operations at 1K1V, a sub-Saharan Africa-focused private equity fund targeting investments in the lower middle market. Pawngo/Lux Exchange is backed by Daylight Partners, Access Venture Partners and Lightbank.

PRESS RELEASE

DENVER, Jan. 31, 2017 /PRNewswire/ — Pawngo/Lux Exchange is pleased to announce the addition of Dewey Burke as the President and CEO. Prior to joining Pawngo, Burke served as the COO at Jumping Jack Cash, based in Denver, and was responsible for driving the efficiency, operational growth and acquisition initiatives of Jumping Jack Cash and had full P&L responsibility.

“I am honored to be joining the Pawngo/Lux Exchange team. We are excited to drive our new platform forward and operate our luxury goods exchange,” said Burke. “We plan to re-launch our site in mid-2017 and continue to forge ahead as the premier luxury goods marketplace.”

“We are thrilled to have Dewey onboard,” noted chairman Todd Hills. “He is the type of young and dynamic leader we needed and we can’t wait to see what he can do for Pawngo.” Hills is one of the founding investors in Pawngo, which includes Lightbank – the founders of Groupon, Daylight Partners – a group of former Dell executives out of Austin, and Access Venture Partners –a venture firm based in Colorado.

As for his plans for Pawngo/Lux Exchange, Burke detailed a three-dimensional approach to servicing clients: “If you want to buy a luxury asset – we have it or will find it for you. If you want to sell a luxury asset – we are your buyer. If you want to borrow money using your luxury asset as collateral – we are your partner. We operate at the epicenter of luxury asset transactions.”

Prior to joining Jumping Jack Cash, Burke served as the Vice President of Operations at 1K1V, a $300 million sub-Saharan Africa-focused private equity fund targeting investments in the lower middle market. His background includes serving as an analyst and running business development in the Private Equity Practice at Morrison & Foerster — one of the largest law firms in the world – where he helped manage relationships with the firm’s private equity clients in Los Angeles, San Francisco and Silicon Valley, Denver, Philadelphia, New York and Boston. Burke spent the early part of his career as a serial entrepreneur building businesses in technology, educational services and sports.

About Pawngo/Lux Exchange
Located in Denver, Colorado, Pawngo/Lux Exchange is an online marketplace trafficking in luxury assets. Clients of the Pawngo/The Lux Exchange buy, sell and borrow against luxury assets valued up to and exceeding $5,000,000. The Lux Exchange platform transacts with assets such as: fine jewelry, diamonds, and gold; high-end, luxury watches; luxury handbags, purses and other accessories; luxury automobiles; fine art; collectibles and more.

The company’s lending platform provides a short-term answer to immediate financial need via collateralized loans of up to and exceeding $5,000,000. Our secure, discreet online process allows our customers to conduct the entire transaction from the comfort and privacy of their own home or office. Pawngo’s mission is to help individuals, families and small business owners get the cash they need quickly, without any risk to their personal/business credit or financials, pay checks or personal financials. Pawngo has clients across the entire United States.

The company is very active in the retail exchange of luxury assets. Pawngo/Lux Exchange buys and sells assets of the highest quality and value.
Pawngo/Lux Exchange is proud to be venture-backed by Daylight Partners out of Austin, Access Venture Partners out of Denver, and Chicago-based Lightbank, the $100 million fund started by the founders of Groupon.