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.
New York, US
Size (employees)
62 (est)
Borro was founded in 2008 and is headquartered in New York, US
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Key People/Management 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
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Borro Financials and Metrics

Summary Metrics

Founding Date


Total Funding

$184.3 m

Latest funding size

$6.79 m

Time since last funding

a year ago


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

Borro Financials

Borro's revenue was reported to be £13.45 m in FY, 2016

Revenue (FY, 2016)

13.4 m

Gross profit (FY, 2016)

12.7 m

Gross profit margin (FY, 2016), %


Net income (FY, 2016)

(3.4 m)

EBITDA (FY, 2016)

2.6 m

EBIT (FY, 2016)

2.5 m

Cash (6-Mar-2018)

2 m
GBPFY, 2014FY, 2015FY, 2016


1.1 m1.1 m13.4 m

Revenue growth, %

Cost of goods sold

2 m819.8 k757.5 k

Gross profit

(900.7 k)230.5 k12.7 m
GBPFY, 2014FY, 2015FY, 2016


756.9 k384.8 k2 m

Accounts Receivable

12.8 k51.5 m


16 k5.2 k9.4 k

Current Assets

1.1 m847.5 k54.6 m
GBPFY, 2014FY, 2015FY, 2016

Net Income

(4.1 m)(2.2 m)(3.4 m)

Cash From Operating Activities

(15.9 m)

Cash From Financing Activities

22.8 m

Net Change in Cash

960.7 k
GBPY, 2016


199.7 k

Financial Leverage

-2.8 x
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