borro grows papidly in the U.S. lending $1m in March

In the month of March alone, borro, headquartered in New York City, exceeded $1 million dollars in loans to individuals and small business owners in need of short-term financing.

Since its U.S. launch, borro has already lent against some interesting high value personal assets including $140,000 against a Rolls Royce, $100,000 on a piece of fine art, $96,000 against a luxury watch collection, and $58,000 against two 1kg investment gold bars.

borro’s CEO Paul Aitken, said:

“Naturally, we are very pleased with the success we have seen in the U.S. in such a short time. We find that many people who come to us need to realise business opportunities quickly, and we provide them with access to immediate funding within 24 hours.

“Just like our UK customer base, more people in the U.S. are realising that they hold a wealth of assets they can use to access finance – either to fund a business opportunity like the majority of our customers do or to cover temporary cash flow issues."