Victory Park Capital, which provided debt financing to Rocket Internet-backed luxury online pawnbroker Borro in 2014, has bought a majority stake in the company.

Investment firm Victory Park Capital (VPC) has paid an undisclosed amount for a majority stake in Borro, a UK-based online pawnbroker backed by e-commerce group Rocket Internet.

Founded in 2008, Borro operates an online platform that lends money to affluent consumers using luxury assets such as cars, gold and jewellery as collateral.

The company had previously raised about $170m in debt and equity financing, including a $19.5m series E round co-led by Rocket Internet and equity crowdfunding platform OurCrowd in…