OurCrowd portfolio company Borro, an online asset-backed lending platform, was featured in leading technology website, TechCrunch. Utilizing all modern technologies, Borro delivers liquidity to people with unprecedented speed and ease.
Borro, the U.S. and UK-based online platform that people borrow money and put up luxury items as collateral, is today announcing $19 million in new funding led by strategic investments from Israel’s OurCrowd and Berlin’s Rocket Internet…
Borro sits in the same category of fintech as companies like LendingClub, Funding Circle,Kabbage and TransferWise — with all of these providing online platforms to carry out financial services in a faster and often more cost-effective way than incumbent providers like brick-and-mortar banks — or, in Borro’s case, consignment shops.
Borro raised $7,159,920 from OurCrowd investors in 2015.
Read more on TechCrunch here.