Borrow is a great company and profitable! Borro is an online company providing loans of up to $10,000,000 secured against luxury assets such as fine art, antiques, jewellery, luxury watches, prestige & classic cars, fine wine and more.
Secured lending specialist Borro has closed Â£5.6m in equity financing amid a wider funding push. The announcement comes just months after the firm secured FCA permissions for its luxury asset business, consumer buy-to-let lending, and permission to enter the regulated bridging market. Borro expects to close further equity financing by the end of March. Borro completes £590,000 regulated loan in three days Borro launches panel of luxury asset lending partner. Specialist lender granted FCA authorisation Paul Aitken, founder of Borro, said: “We grew our business by 30% in 2016 while securing FCA permission for luxury asset, regulated bridging, and consumer buy-to-let lending. In September, Borro reported an operating profit of £1m for 2015.