OverviewSuggest Edit

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.
TypePrivate
Founded2008
HQNew York, NY, US
Websiteborro.com
Employee Ratings3.3

Latest Updates

Employees (est.) (Oct 2021)23
Revenue (FY, 2017)£16.7 M(+25%)
Cybersecurity ratingAMore
Discover new suppliers and conduct deeper comparison analysis with Craft for EnterpriseLearn more
Banner background

Key People/Management at Borro

Dewey Burke

Dewey Burke

Founder & CEO – Luxury Asset Capital
Shelley Berube

Shelley Berube

Executive Vice President – New York
Rebecca McDonnell

Rebecca McDonnell

Director – Sales & Business Intelligence
Richard Shults

Richard Shults

Chief Underwriter & Sales Officer
Mitzy Colledge

Mitzy Colledge

Senior Director – Finance
Deah Jones

Deah Jones

Director – Client Services
Show more

Borro Office Locations

Borro has offices in New York and Denver
New York, NY, US (HQ)
110 W 40th St Suite # 2102
Denver, CO, US
4100 E Mississippi Ave
Show all (2)

Borro Financials and Metrics

Summary Metrics

Founding Date

2008

Borro total Funding

$184.3 m

Borro latest funding size

$6.79 m

Time since last funding

5 years ago

Borro investors

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

Borro Revenue

Embed Graph
View revenue for all periods
Borro's revenue was reported to be £16.7 m in FY, 2017 which is a 24.2% increase from the previous period.
GBP

Revenue (FY, 2017)

16.7m

Revenue growth (FY, 2016 - FY, 2017), %

24.2%

Gross profit (FY, 2017)

2.4m

Gross profit margin (FY, 2017), %

14.2%

Net income (FY, 2017)

(14.4m)

EBITDA (FY, 2017)

(6.5m)

EBIT (FY, 2017)

(6.6m)

Cash (31-Dec-2017)

5.4m
GBPFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

1.1m11.0m13.4m16.7m

Revenue growth, %

911%22%24%

Cost of goods sold

2.0m638.1k757.5k14.3m

Gross profit

(900.7k)10.4m12.7m2.4m
GBPFY, 2014FY, 2015FY, 2016FY, 2017

Cash

756.9k2.1m2.0m5.4m

Accounts Receivable

12.8k32.9m51.5m

Inventories

16.0k15.5k9.4k

Current Assets

1.1m35.8m54.6m32.9m
GBPFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(4.1m)(5.0m)(3.4m)(14.4m)

Cash From Operating Activities

(8.5m)(15.9m)24.4m

Cash From Financing Activities

13.0m22.8m(14.4m)

Net Change in Cash

644.4k960.7k3.5m
GBPFY, 2014

Revenue/Employee

14.9k

Financial Leverage

-0.3 x
Show all financial metrics

Borro Cybersecurity Score

Cybersecurity ratingPremium dataset

A

94/100

SecurityScorecard logo

Borro Online and Social Media Presence

Embed Graph

Borro News and Updates

Time Out Dubai names Il Borro Tuscan Bistro best restaurant in Dubai for 2021

Clap and Lana Lusa picked up Grand Prix awards at glittering annual industry event

American Financial Benefits Center: FTC's Consumer Protection Actions Can Help Student Loan Borrowers

EMERYVILLE, Calif., Aug. 16, 2018 /PRNewswire/ -- American Financial Benefits Center (AFBC), a document preparation company, applauds the Federal Trade Commission on its accomplishments in protecting consumers, promoting competition and maximizing resources. The company believes that...

Ameritech Financial to Student Loan Borrowers: Don't Fall for Emergency Scam Calls --Follow FTC Advice on How to Handle Them

ROHNERT PARK, Calif., Aug 16, 2018 /PRNewswire/ -- A woman is out shopping and receives a phone call. The caller claims to be her nephew, who is apparently in Cancun, Mexico, in jail. He says he needs bail immediately. The caller uses an urgent tone, emphasizing what an emergency he is...

Turkey Reverts Back to `Stealth' Tactics to Hike Borrowing Costs

Turkey Reverts Back to `Stealth' Tactics to Hike Borrowing Costs

Turkey Reverts Back to ‘Stealth’ Tactics to Hike Borrowing Costs

Turkey Reverts Back to `Stealth' Tactics to Hike Borrowing Costs
Show more

Borro Blogs

COACH SOHO HANDBAG

$20.00 Description: COACH SIGNATURE TAN/BROWN CANVAS SOHO HANDBAG G0751-F10926 The post COACH SOHO HANDBAG appeared first on Borro.

CORUM ROYAL FLUSH BUBBLE WATCH

$3,495.00 Description: Men’s stainless steel Corum Royal Flush Bubble Watch with complete original boxes, booklets, and papers. Stone White Stone Synthetic Sample image Count: 1 stone(s) Size: 0.000 CTW Shape Round The post CORUM ROYAL FLUSH BUBBLE WATCH appeared first on Borro.

CHANEL MINI SQUARE FLAP HANDBAG

$3,500.00 Description: Chanel black caviar leather mini square flap handbag, serial 13725443. includes dust covers and box Fashion Condition Rating 96% – NEW WITH DEFECTS – A BRAND-NEW, UNUSED, AND UNWORN ITEM. POSSIBLE COSMETIC IMPERFECTIONS RANGE FROM NATURAL COLOR VARIATIONS TO SCUFFS, CUTS OR NI…

CORUM LUCIFER CHRONOGRAPH BUBBLE WATCH

$3,995.00 Description: Stainless Steel Corum Lucifer Chronograph Bubble Watch 45 of 666 limited productions with complete boxes, booklets, extra strap, and papers. Stone White Stone Synthetic Sample image Count: 1 stone(s) Size: 0.000 CTW Shape Round The post CORUM LUCIFER CHRONOGRAPH BUBBLE WATCH a…

14K TWO-TONE GOLD FOREVERMARK ~1.01CT DIAMOND RING

$4,995.00 Description: Ladies 14k two-tone gold forevermark 1.00ct round brilliant k vs2 diamond ring inscription #: 6356976 serial #: 6356976 / 030001359226, 4.0 total grams. includes box and c Metal Gold 14K 2 Tone Gold Weight: 4 grams Color: 2 Tone Diamond Cut: Round Brilliant Sample image Count:…

How to Get Holiday Season Cash by Leveraging Your Past Purchases

Easy and efficient access to cash at the exact time it’s needed helps people solve problems, realize opportunities, and live dreams, and the holiday season is often one of those times. The 2020 Coronavirus pandemic has put extra financial pressure on many individuals, families, and business owners a…
Show more

Borro Frequently Asked Questions

  • When was Borro founded?

    Borro was founded in 2008.

  • Who are Borro key executives?

    Borro's key executives are Dewey Burke, Shelley Berube and Rebecca McDonnell.

  • How many employees does Borro have?

    Borro has 23 employees.

  • What is Borro revenue?

    Latest Borro annual revenue is £16.7 m.

  • What is Borro revenue per employee?

    Latest Borro revenue per employee is £725.9 k.

  • Who are Borro competitors?

    Competitors of Borro include NatWest Markets, Samba Financial Group and IDB Bank.

  • Where is Borro headquarters?

    Borro headquarters is located at 110 W 40th St Suite # 2102, New York.

  • Where are Borro offices?

    Borro has offices in New York and Denver.

  • How many offices does Borro have?

    Borro has 2 offices.