Borro
Financial ServicesNew York, United States11-50 Employees
Borro is a New York–based lender that provides confidential, non-bank loans secured by the borrower's luxury assets. By leveraging high-value, illiquid items as collateral, the company offers liquidity without selling assets or pursuing traditional financing channels, aiming for faster, less invasive access to capital. Loans can range from thousands to millions of dollars and may close in as little as one business day. Within the financial services sector, Borro operates as part of Luxury Asset Capital following its 2019 acquisition. Its customer base includes individual luxury asset owners and participants in the luxury goods trade—retailers, wholesalers, traders, and manufacturers—who need operating capital. In 2020, the company launched the Borro Luxury Inventory Loan to provide inventory financing for luxury goods stakeholders.