This Stanford grad is taking on pawn shops with a new credit card startup

P recent years tup founded by Stanford grad James Savoldelli, has found a new wedge into the same industry.

The startup offers a secured MasterCard that features up to a 29.99% APR and zero interest if someone pays back their loan in full on time.

Savoldell says the idea is creative — and Stanford and h James Savoldelli million in funding.

You can use [your card] for as long as it’s convenient for t Pesto stomer.

Our goal is to make money as much as possible off of the transaction spent.

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