About Borro
Borro is a Financial Services company based in New York (United States) founded in 2008, and was acquired by Luxury Asset Capital in February 2020. It operates as a luxury asset-based loans are provided by Borro. It operates on a Commission-Based model. Borro has raised $90.04 million across 19 funding rounds from investors including OurCrowd, Rocket Internet and Victory Park Capital Advisors. The company has 20 employees. Borro was last valued at $101.97 million in February 2015. Its chief executive is Dewey Burke. Its website borro.com draws about 31 thousand monthly visits. Borro offers products and services including Collateral Loans, Line of Credit, and Inventory Loan. Its focus areas include Lending and Asset-Based Lending. Its competitors include H&T Pawnbrokers, Ocean Finance, Evolution Money, Yellow Brick Mortgages and Tangible and 3 more; 1 of its 8 listed competitors has raised funding.
Company details
Loans against luxury assets such as watches, cars, jewelry, and fine art are offered by Borro. The company operates in the financial services sector, focusing on asset-based lending. Solutions include collateral loans, lines of credit, and inventory loans, enabling clients to unlock equity in high-value, low-liquidity assets. Fast funding, privacy, and secure asset storage are emphasized in their operations across the United States.
- Headquarters New York, United States
- Employees 20
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website borro.com
- Social LinkedIn X Facebook
- Acquired by Luxury Asset Capital (Feb 2020)
- Annual Revenue$18.49 M (USD)7as on Dec 31, 2015
- Net Profit-$4.2 M (USD)72as on Dec 31, 2015
- Total Equity Funding$90.04M (USD)
in 19 rounds
- Latest Funding Round$6.82M (USD), Series C
Jan 2017
- InvestorsOurCrowd
& 13 more
- Employee Count20
- Acquired byLuxury Asset Capital
(Feb 2020)
Products & Services of Borro
Borro offers a comprehensive portfolio of products and services, including Collateral Loans, Line of Credit, and Inventory Loan.
Loans are provided against luxury assets as collateral.
Credit lines are offered using luxury asset equity.
Loans are granted based on inventory asset value.
Funding Insights of Borro
Borro has successfully raised a total of $90.04M across 19 strategic funding rounds. The most recent funding activity was a Series C round of $6.82 million completed in January 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $90.04M
- Total Rounds 19
- Last Round Series C — $6.82M
- First Round $269,100
(Jun 2008)
- Investors Count 13
Latest 10 of 19 funding rounds of Borro with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2017 | $6.82M | Series C | – | – | – |
| Apr 2016 | $5.9M | Series C | – | – | – |
| Feb 2015 | $19.5M | Series C | $101.97M | Rocket Internet | |
| Mar 2014 | $112M | Debt – Conventional | – | – | |
| Aug 2013 | $273,969 | Debt – Conventional | – | – | – |
| Nov 2012 | $382,273 | Series B | – | – | – |
| Oct 2012 | $32M | Debt – Conventional | $57.72M | – | |
| Oct 2012 | $26M | Series B | – | Canaan, Ribbit Capital | |
| Dec 2011 | $3.05M | Series B | – | – | – |
| Jun 2011 | – | Debt – Conventional | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Feb 2015 | $101.97M | •••••••• |
| Oct 2012 | $57.72M | •••••••• |
| Apr 2011 | $••••• | •••••••• |
| Mar 2010 | $••••• | •••••••• |
| Aug 2009 | $••••• | •••••••• |
| Apr 2009 | $••••• | •••••••• |
| Oct 2008 | $••••• | •••••••• |
| Jun 2008 | $••••• | •••••••• |
Full valuation and stage history of Borro
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $101.97M (Feb 2015). 14 investors in total: 12 institutional and 2 angel.
Investors in Borro
Borro has secured backing from 14 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include OurCrowd, Rocket Internet and Victory Park Capital Advisors.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Global investments in internet and technology startups are facilitated. | 2006 | rocket-internet.com | Berlin, Germany | |
Blank check and private debt firm focused on multiple sectors | 2007 | victoryparkcapital.com | Chicago, United States | |
Venture capital investment and support for founders in technology and health sectors. | – | octopusventures.com | - | |
Canaan is recognized as an early-stage venture capital firm. | 1987 | canaan.com | San Francisco, United States | |
Early-stage companies in fintech and multiple sectors are invested in. | 2012 | ribbitcap.com | Palo Alto, United States | |
Venture capital fund investing in fintech startups | 2009 | augmentum.vc | London, United Kingdom | |
Seed and early-stage investments are made in European tech startups. | – | edenventures.co.uk | London, United Kingdom | |
Tech focused seed & early stage VC firm investing primarily in the US | – | lightbank.com | Chicago, United States | |
Engaged in the distribution of ultrasonic laboratory equipment. | – | daylightpartners.com | Jining, China | |
Network connecting investors to startups, venture capital funds, and alternatives | 2013 | ourcrowd.com | Jerusalem, Israel |
Investor details for Borro
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Borro
26 people are tracked at Borro (21 in leadership, 5 in team); the tracked headcount is 20.
| Name | Role | Group |
|---|---|---|
Dewey Burke | CEO | Leadership |
Caitlin St. John | VP, Head of NY Office | Leadership |
Mitzy Colledge | Senior Director, Client Management | Leadership |
Katelyn Conlon | Chief Revenue Officer | Leadership |
Chloe Kilburn | VP, Fine Art | Leadership |
Bruce Singer | Head of Luxury & Collector Car Division | Leadership |
Eva Quiroz | COO | Leadership |
Becky McDonnell | Director, Client Engagement | Leadership |
Katie Chamberlain | Senior Director & Head of BH Office | Leadership |
Lizzie Franco | Director, Client Engagement | Leadership |
Brian Cornick | VP, Finance & Operations | Leadership |
Richard Shults | Chief Valuation Officer | Leadership |
Deah Jones | Director, Client Management | Leadership |
Kim Mrvos | Director, Client Engagement | Leadership |
Chris Hebden | Vice President Of Business Development | Leadership |
Dilshad Hawkrigg | Head Of Marketing | Leadership |
Laura Serrano | Senior Director Of Accounting | Leadership |
Jennifer Brown | Director, Accounting | Leadership |
Israel Narvaez | Director of Client Management | Leadership |
Ryan Laurence | Director of Client Management | Leadership |
6 more people are available in the full profile.
Complete people profiles for Borro
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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- Professional contacts
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Timeline of Borro
5 dated milestones of Borro across 12 years, from founding to its latest funding, stage changes and deals.
- Founded Borro is founded.
- Funding First funding round of $269K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series C, of $6.8M.
- Exit Acquired by Luxury Asset Capital.
Competitors of Borro
Borro has 8 listed competitors in our database, 1 of them funded. They include H&T Pawnbrokers, Ocean Finance, Evolution Money, Yellow Brick Mortgages and Tangible, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| handt.co.uk | 1897 | Sutton, United Kingdom | – | 1,418 | Personal and pawn loans are provided in-store and online. | |
| oceanfinance.co.uk | 1998 | Manchester, United Kingdom | – | – | Personal and homeowner loans are brokered online for UK residents. | |
| evolutionmoney.co.uk | 2012 | Manchester, United Kingdom | – | 119 | A digital hub offering asset-backed lending services to users. | |
| ybmortgages.co.uk | 2018 | United Kingdom | – | 4 | Provides mortgage advice for buyers, investors, and remortgaging in the UK. | |
| tangible.store | 2021 | New York, United States | – | – | Tangible is recognized as a leading tokenization protocol for cryptocurrency. | |
| valendo.de | 2015 | Berlin, Germany | $27,477 | – | Loans are extended against luxury assets through an online platform. | |
| bmsamuels.com | 2003 | London, United Kingdom | – | 8 | Provides short-term bridging and development finance secured on UK property for borrowers. | |
| clearlyloans.co.uk | 2012 | United Kingdom | – | 1 | Offers second mortgages and loans to UK homeowners through clear application processes. |
Detailed competitors of Borro
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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Web traffic of Borro
The website of Borro (borro.com) receives about 30.7K visits a month.
- Monthly visits30.7K
▲ 55.2% vs previous month
Websites whose visitors overlap most with Borro. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| wonga.com | 100% | 4.3K | #4,840,732 | View details | |
| zopa.com | 75% | 537.1K | #88,571 | View details | |
| masthaven.co.uk | 63% | – | – | View details | |
| westoneloans.co.uk | 55% | 26.4K | #899,492 | View details | |
goldvancouver.ca | goldvancouver.ca | 46% | – | #3,204,205 | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 11 similar websites and full traffic analytics for Borro
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 11 similar websites
- Audience overlap
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- Traffic by brand
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Top companies in Alternative Lending
10 companies that operate in the same segment as Borro (Alternative Lending), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 589.25 M | USD 179.52 M | 3,670 | |
A peer-to-peer marketplace for business loans is operated and developed. | 2010 | London, England, United Kingdom | USD 372.67 M | USD 299.61 M | 860 | |
Diversified loans are provided via an AI-enabled online marketplace. | 2012 | Palo Alto, California, United States | USD 128.65 M | USD 1.04 B | 1,190 | |
Various consumer loans and financial services are offered online. | 2011 | San Francisco, California, United States | USD 3.04 B | USD 4.77 B | 6,843 | |
Technology platform for real estate transactions and mortgages is provided. | 2014 | Gurugram, Haryana, India | USD 97.98 M | USD 28.9 M | 9,619 | |
Purchase financing solutions are offered to businesses via installment payments. | 2019 | Dubai, Dubai, United Arab Emirates | USD 837 M | – | 4,683 | |
Financial services are provided, specializing in personal and business loans. | 2016 | Mumbai, Maharashtra, India | USD 320.39 M | USD 106.45 M | 2,161 | |
Credit score checking and comparison platform for financial products | 2007 | San Francisco, California, United States | USD 869.77 M | – | 1,487 | |
Financial benefits platform for on-demand pay is provided to employees. | 2018 | London, England, United Kingdom | USD 133.02 M | – | – | |
Payflow is recognized as a financial wellness application for employees. | 2020 | Alcobendas, Comunidad De Madrid, Spain | USD 58.23 M | – | – |
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Related news about Borro
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Frequently Asked Questions about Borro
Borro was founded in 2008.
Borro is headquartered in New York, United States. It is registered at New York, New York, United States.
Dewey Burke is the current CEO of Borro.
Borro is a funded company, having raised a total of $90.04M across 19 funding rounds to date.
Borro has 20 employees.
Annual revenue of Borro is $18.49M as on Dec 31, 2015.
Loans against luxury assets such as watches, cars, jewelry, and fine art are offered by Borro. The company operates in the financial services sector, focusing on asset-based lending. Solutions include collateral loans, lines of credit, and inventory loans, enabling clients to unlock equity in high-value, low-liquidity assets. Fast funding, privacy, and secure asset storage are emphasized in their operations across the United States.
Borro's top competitors include H&T Pawnbrokers, Ocean Finance and Valendo.
Borro offers Collateral Loans, Line of Credit, and Inventory Loan.
Borro has 14 investors. Key investors include OurCrowd, Rocket Internet, Victory Park Capital Advisors, Canaan, and Ribbit Capital.
The valuation of Borro is $101.97M as of Feb 2015.
Yes. Borro was acquired by Luxury Asset Capital in February 2020.