Tag: Borro

Leading business and finance website, The Wall Street Journal, featured OurCrowd’s portfolio company Borro, a leading online asset-backed lending platform. Borro delivers liquidity to people with unprecedented speed and ease. Borro, a “luxury-asset-based lender”—like a high-end pawnbroker—entered the U.S. market three years ago making short-term “bridge” loans. For example, someone might finance a child’s private-school tuition by borrowing against an antique car until an expected annual bonus comes through. Loans so far have ranged from about $5,000 to $4 million in size. The London-based company this month began offering loans in the U.S. with terms from 18 months to three years, for up to $10 million, for high-net-worth borrowers who want to extract cash from their possessions to invest in other opportunities. The minimum loan is $100,000. Borro raised $7,159,920 from OurCrowd investors in 2015. Read more on the...

Leading business and finance website, The Wall Street Journal, featured OurCrowd’s portfolio company Borro, a leading online asset-backed lending platform. Borro delivers liquidity to people with unprecedented speed and ease. The startup’s growth, along with its unique niche within a large and growing group of alternative lending tech startups, captured the attention of private investors who plowed $19.5 million into Borro to bankroll its continued expansion… The loans can range up to $2 million and are arranged and fulfilled by Borro, an arrangement that Mr. Aitken will likely expand to include crowdfunding in coming months. Bringing venture capital crowdfunding platform OurCrowd to the table as investors will provide the opportunity to learn about the process before embarking on it, Mr. Aitken said. Borro raised $7,159,920 from OurCrowd investors in 2015. Read more on the...

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...

OurCrowd portfolio company Borro, a leading online asset-backed lending platform, was featured on CNBC. Utilizing all modern technologies, Borro delivers liquidity to people with unprecedented speed and ease. Online pawn shop Borro allows people to turn in their prized possessions like luxury watches or even cars for quick cash. The start-up accepts items worth at least $5,000 and returns them upon being paid back plus interest. Founder Paul Aitken told CNBC the company had revenues of $17 million last year and is expecting to exceed $30 million this year. Borro raised $7,159,920 from OurCrowd investors in 2015. Read more on...