We believe that people who own luxury assets should be able to borrow against them or sell them with speed, privacy, and impeccable service.
For too many people, much-needed liquidity – required to seize opportunities or address unplanned events – is trapped in these lovely but illiquid luxury assets.
Banks don't provide these loans or purchases – unless you've got several million pounds on deposit. Nor do auction sites, galleries or antique dealers.
Borro does. We make loans and purchases swiftly and store your luxury assets in locations that are used by museums and auction houses.
We will arrange for the collection of your luxury assets or you can bring them yourself to one of our valuation centres for appraisal by one of our experts. They've all spent many years at places like Sotheby's, Christie's and Bonhams.
Company Growth (employees)
Type
Private
HQ
New York, US
Founded
2008
Size (employees)
71 (est)
Website
borro.com
Borro was founded in 2008 and is headquartered in New York, US

Key People at Borro

Paul Aitken

Paul Aitken

Founder and CEO
Sean Helmes

Sean Helmes

Product Manager
Claire Barrington-Jones

Claire Barrington-Jones

VP of Client Services
Matt Hawksworth

Matt Hawksworth

SVP of Operations
Samantha Lilley

Samantha Lilley

Head of Valuation
Jay Gohil

Jay Gohil

Senior Online Marketing Manager
Ray Palmer

Ray Palmer

Retail Operations Director
Paul Duncan

Paul Duncan

Chief Technical Officer

Borro Office Locations

Borro has an office in New York
New York, US (HQ)
767 3rd Avenue

Borro Data and Metrics

Summary Metrics

Founding Date

2008

Total Funding

$184.3 m

Latest funding size

$6.8 m

Time since last funding

7 months

Investors

Borro's latest funding round in January 2017 was reported to be $6.8 m. In total, Borro has raised $184.3 m

Borro Financial Metrics

Borro's revenue was reported to be £1.1 m in FY, 2015
GBP

Revenue (FY, 2015)

1.1 m

Gross profit (FY, 2015)

230.5 k

Gross profit margin (FY, 2015), %

22%

Net income (FY, 2015)

(2.2 m)

Cash (31-Dec-2015)

384.8 k
GBPFY, 2015

Revenue

1.1 m

Cost of goods sold

819.8 k

Gross profit

230.5 k

Gross profit Margin, %

22%

Operating expense total

2.3 m

Pre tax profit

(2.3 m)

Net Income

(2.2 m)
GBPFY, 2015

Cash

384.8 k

Current Assets

847.5 k

PP&E

149.2 k

Total Assets

996.7 k

Accounts Payable

652.3 k

Current Liabilities

3.3 m

Total Liabilities

7.3 m

Retained Earnings

(2.2 m)

Total Equity

(6.3 m)

Financial Leverage

-0.2 x
GBPFY, 2015

Income Taxes Paid

94 k
GBPY, 2015

Revenue/Employee

14.8 k

Financial Leverage

-0.2 x

Traffic Overview of Borro

Borro Online and Social Media Presence

Borro News and Updates

Meet the woman behind BorrowMyDoggy

A dog is for life, not just for Christmas.” Not any more, thanks to Rikke Roselund, founder of BorrowMyDoggy. As we discovered at a recent Leap 100 breakfast, now a dog can just be for Christmas. Or even a weekend. Roselund came up with the idea for BorrowMyDoggy on a summer’s day in 2012, when s…

Quake Champions isn’t Overwatch, but it borrows the right ideas

Let me just admit this upfront: I haven’t played a lot of Quake in my life. During that time of the late 1990s, I focused on Nintendo 64 shooters like GoldenEye 007 and Perfect Dark. Please don’t flame me. So id Software‘s return to Quake Champions doesn’t mean the same thing to me that it […]

Government borrowing is at its lowest since 2008

The deficit in government spending fell to its lowest level since the global financial crisis in the last financial year despite a bump upwards in borrowing in March. Public sector net borrowing fell by £20bn to reach £52bn for the year from April to March, according to the Office for National St…

If Trump really wants to bring down US drug prices, he’ll borrow this smart tactic from the UK

While attempts at repealing Obamacare appear dead (at least for the foreseeable future), US president Donald Trump still has an opportunity to tackle the soaring…

Government borrowing lower than expected, giving Hammond much-needed boost

Chancellor Philip Hammond remains on track to hit his deficit reduction target after the latest figures showed government borrowing in February at its lowest since 2007. The government has borrowed £47.8bn in the financial year-to-date, according to the Office for National Statistics (ONS). Pu…

Student Loan Companies Now Free To Charge More Borrowers Big Late Fees

People who fall behind on their student loans can now be charged thousands of dollars in late fees, even if they immediately attempt to catch up. View Entire Post ›
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Borro Company Life and Culture

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