Borro

Borro is a dominant player in the finance and financial services industries, specializing in confidential, non-bank loans that utilize borrowers’ luxury assets as collateral. Founded in 2008 and headquartered in the United States, Borro offers a compelling alternative to conventional financing methods that are often time-consuming, invasive, or simply unavailable. The company effectively unlocks equity in a diverse range of high-value, low-liquidity luxury assets and can facilitate transactions ranging from thousands to millions of dollars in as little as one business day. Notably, Borro secured a significant £5.60M venture round investment on 17 January 2017, an indication of confidence in the company's unique position in the lending market. Although details about the specific investors in this round are not available, this injection of capital is likely to fuel Borro's growth and the continued development of its innovative financial solutions. Overall, Borro's focus on leveraging luxury assets as collateral presents an intriguing proposition for potential investors seeking exposure to the alternative lending space.