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
HQ
New York, US
Founded
2008
Size (employees)
58 (est)
Website
borro.com
Borro was founded in 2008 and is headquartered in New York, US
Report incorrect company information

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
Show more

Borro Office Locations

Borro has an office in New York
New York, US (HQ)
767 3rd Avenue
Show all (1)
Report incorrect company information

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

2 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
Borro's revenue was reported to be £13.45 m in FY, 2016
GBP

Revenue (FY, 2016)

13.4 m

Gross profit (FY, 2016)

12.7 m

Gross profit margin (FY, 2016), %

94.4%

Net income (FY, 2016)

(3.4 m)

EBITDA (FY, 2016)

2.6 m

EBIT (FY, 2016)

2.5 m

Cash (31-Dec-2016)

2 m
GBPFY, 2014FY, 2015FY, 2016

Revenue

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

Cash

756.9 k384.8 k2 m

Accounts Receivable

12.8 k51.5 m

Inventories

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

Revenue/Employee

199.7 k

Financial Leverage

-2.8 x
Show all financial metrics
Report incorrect company information

Borro Online and Social Media Presence

Embed Graph
Report incorrect company information

Borro Company Life and Culture

Report incorrect company information