Cash Converters (ASX: CCV) — Company Overview, News & Financial Data
Cash Converters is an Australian pawnbroking and retail company specializing in second-hand goods, operating over 700 stores globally.
Cash Converters
Cash Converters is a sub-prime financial services provider and retailer of pre-owned goods operating across international markets. Headquartered in Perth, Western Australia, the business operates a global network of corporate-owned and franchised retail stores alongside digital finance platforms. Its core operations encompass pawnbroking, small-amount personal loans, vehicle financing, and the purchasing and resale of secondhand merchandise. The company generates revenue from direct store retail sales, interest and fees on consumer personal finance products, and franchise royalties from franchisee-operated retail locations across multiple global jurisdictions.
Snapshot
Operations
Products and/or services of Cash Converters
- Personal Finance: Provision of unsecured small-amount and medium-amount personal loans to under-serviced consumer segments. Operations utilize data-driven digital decisioning engines and store networks to process applications, managing credit risk across short-term unsecured lending portfolios.
- Pawnbroking: Secured short-term lending against personal property items provided as collateral by retail customers. Store locations evaluate physical collateral assets, offer cash loans, hold items during repayment terms, and sell unredeemed pledged items through retail storefronts.
- Retail Resale: Buying and reselling pre-owned consumer goods, including electronics, jewellery, power tools, and musical instruments. Physical retail storefronts and e-commerce platforms handle inventory acquisition from walk-in customers and subsequent retail sales to consumer buyers.
- Franchising: Master franchising and store sub-franchising operations providing brand licensing, corporate support systems, proprietary operating software, and business management tools to independent franchise store operators across international markets spanning multiple geographical regions.
- Vehicle Finance: Provision of secured automotive loans for consumers purchasing secondhand motor vehicles through affiliated auto dealerships and direct retail platforms, incorporating asset-backed credit assessment and structured installment repayment schedules.
- Cash Advance: Short-term cash buyback and advance solutions enabling customers to sell pre-owned items with an option to repurchase them within specified agreement timeframes, providing immediate liquidity backed by collateralized consumer goods.
Cash Converters executive team
- Sam William BudiselikCEO, MD & Executive Director
- Peter CuminsExecutive Deputy Chairman
- David RoseChief Financial Officer
- Lisa StedmanChief Operating Officer
- Andrew KampChief Commercial Officer
- Meagan HamblinJoint Company Secretary
- Kelly Ann MooreJoint Company Secretary