Borro
Curated by SignalConsumer asset-backed loans leveraging luxury items for quick financing.
Overview
Borro is a financial technology company that focuses on consumer asset-backed loans. It offers secured financing options that enable borrowers to use personal assets, including luxury cars, designer handbags, gold, and auction-quality items, as collateral. The company utilizes artificial intelligence and machine learning technologies to appraise asset values and evaluate borrower creditworthiness, which contributes to expedited loan approvals. Borro targets individuals seeking quick and private lending services, providing flexible loan terms and prompt funding, along with fully insured safekeeping for collateral assets. The platform aims to simplify the loan process through digital applications and reduced paperwork, catering to the financing needs within the luxury asset market.
Key facts
- Founded
- 2008
- Headquarters
- New York City, United States
- Stage
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- Industry
- Financial Technology
- Sector
- Digital Lending
Business model
- GTM channel
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- 4 products and services
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- Commercial model
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Contact
- Primary office
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- Phone
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