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borofree logo — Zero interest, zero fees, zero worries.

borofree

Zero interest, zero fees, zero worries.

Founded 2019 United Kingdom London, United Kingdom 4 employees Venture round Financial Services, Mobile +1

General Information

Company Name borofree
Founded Year 2019
Location United Kingdom London, United Kingdom
Employees 4
Industries Financial Services, Mobile, Payments
Funding Stage Venture round
Social

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About borofree

borofree is a distinguished financial tech startup that operates with a customer-centric approach. Their slogan, "Zero interest, zero fees, zero worries," reflects their commitment to providing hassle-free financial services. Established in 2019, the United Kingdom-based company has positioned itself as a reliable solution in the Financial Services and Payments sectors. Notably, borofree's recent milestone was the Venture Round investment on 08 February 2021, which was secured from Fortunis Capital. This investment signifies the industry's recognition of the startup's potential and the quality of their services. The company's business model revolves around transparency and accountability. They pride themselves on maintaining 0% interest, £0 fee, and £0 cost to both employees and employers, fostering trust within their customer base. Additionally, borofree has set a cap on salary advances, ensuring a maximum of £300 per employee to bridge the gap before payday, without incurring penalties. In essence, borofree's innovative and ethical approach to financial services, coupled with the backing of Fortunis Capital, positions them as a promising player in the financial technology landscape. Their emphasis on customer welfare and financial integrity sets them apart in an industry often plagued by opaque practices and hidden fees.

Business keywords: salary advance, financial wellness, employee benefits, zero interest loans, employer benefits, payroll management, short-term loans, financial transparency, employee financial assistance

Funding Rounds & Investors (1)

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Funding Stage Amount Investors Lead Investors Date
Venture Round Undisclosed 1
Fortunis Capital
08 Feb 2021

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FAQ About borofree

Zero interest, zero fees, zero worries.
borofree was founded in 2019.
borofree is headquartered in London, United Kingdom.
borofree operates in Financial Services, Mobile and Payments. Its work centres on salary advance, financial wellness, employee benefits and zero interest loans.
borofree has approximately 4 employees.
borofree has completed 1 funding round. The latest funding stage is Venture round.
Top alternatives and competitors to borofree include medZERO, Inc., Monto, Paywatch Korea, Advance - Adelanta Tu Pago, AsrtoPing. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
borofree and medZERO, Inc. are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for borofree, https://www.bouncewatch.com/company/borofree, updated 2 December 2024. When citing, please name BounceWatch and link this page.

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