Craft

Borro

Total Funding

$184.3 M

Revenue

£16.7 M

FY, 2017

Borro Summary

Company Summary

Overview
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.
Type
Private
Status
Active
Founded
2008
HQ
New York, NY, US | view all locations
Website
https://www.borro.com
Cybersecurity rating
Sectors

Key People

  • Dewey Burke

    Dewey Burke, Founder, Chief Executive Officer– Luxury Asset Capital

  • Rebecca McDonnell

    Rebecca McDonnell, Director - Sales and Business Intelligence at Borro by Luxury Asset Capital

    • Richard Shults

      Richard Shults, Chief Underwriter and Sales Officer

      • Mitzy Colledge

        Mitzy Colledge, Senior Director – Finance

      LocationsView all

      2 locations detected

      • New York, NY HQ

        United States

        110 W 40th St Suite # 2102

      • Denver, CO

        United States

        4100 E Mississippi Ave

      Borro Financials

      Summary Financials

      Revenue (FY, 2017)
      £16.7M
      Gross profit (FY, 2017)
      £2.4M
      Net income (FY, 2017)
      (£14.4M)
      Cash (FY, 2017)
      £5.4M
      EBIT (FY, 2017)
      (£6.6M)

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