55:
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Borro
Private Finance was lauded as the UK's first ever online luxury asset lender. Soon after launch the company's advertising campaign commenced on television, aimed at the daytime audience and those seeking to take "discreet" loans online. Credit Today named Borro Private Finance Alternative
230:
In its initial four months Borro
Private Finance doubled its loan book every month, as a surge in business owners, developers, and City financiers attempted to secure loans on their luxury items gained in more wealthy times. By June 2011 it was reported in The Times that Borro Private Finance
204:
Borro became a subsidiary of the privately held finance company Luxury Asset
Capital in February, 2020 upon its acquisition from Victory Park Capital. Borro was first funded by European Founders and partners Eden Ventures . In 2011 the asset lender received two sets of funding.
208:
In March 2014 Borro
Private Finance raised $ 112,000,000 from Victory Park Capital. In February 2015, Borro Private Finance raised an additional $ 19,500,000 in funding. This round pushed Borro Private Finance's total capital raised to over $ 200,000,000.
289:
showed that Borro
Private Finance as a personal asset lender fills a lending void that was perhaps previously unavailable. In this particular report, Borro Private Finance had assisted an individual in releasing equity in a bronze nude torso sculpture.
423:
234:
On 4 July 2017 John
Allbrook became CEO of Borro Private Finance, replacing Paul Aitken who stepped down from the role. Its current chief executive is Dewey Burke, the Founder and CEO of parent company Luxury Asset Capital.
431:
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presented in
December 2013 the variety of assets that Borro Private Finance have lent against. The article showed that Borro Private Finance has released equity in everything from Olympic gold medals to
212:
In
November 2017, Victory Park Capital took a majority stake in Borro Private Finance, expanding its involvement to also include working capital financing along with strategic and operational support.
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reported in
February 2012 the increasing number of people using wine collections as security for loans, as Borro Private Finance lends $ 120,000 in exchange for 128 bottles of
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The success of Borro
Private Finance and the other newly established online loan companies can be aligned to the worldwide economic decline of 2008–2010.
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Borro became Borro Private Finance in July 2018 and its name reverted to simply Borro upon its acquisition by Luxury Asset Capital in February, 2020.
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in the article "Got a Picasso? Get a small business loan". highlighting the use of asset based loans by entrepreneurs and small businesses.
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In June 2011 Borro Private Finance demonstrated why SME's are turning to short term lenders for cash as reported by the
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that offers loans secured on luxury assets. The company provides loans allowing clients to use luxury assets such as
276:. Interest in the diverse range of assets used to secure finance with Borro Private Finance was also expressed by
790:"Posh pawnbroker Borro lends against everything from Olympic gold medals and Oscars to F1 cars and Banksy art"
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32:
17:
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covered Borro Private Finance and interviewed Group Sales Director, Claire Barrington-Jones about how
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in 2009, Borro Private Finance offered any "struggling" MPs a loan at half the normal interest rates.
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479:"Borro, the UK-NY based, asset-backed online lender, closes $ 19.5M in Series E funding"
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317:. The piece focused on the appeal of Borro Private Finance to the rich and famous.
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846:"Rich, but feeling the pinch? Just take your Warhol to the posh pawnbrokers"
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Business Club showed Borro Private Finance as a new alternative lender.
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530:"Luxury Asset Capital Acquires and Re-Launches Borro Private Finance"
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172:(previously known as Borro Private Finance) is a US-based online
348:"Growth Capital: Borro's Paul Aitken – he'll lend you a million"
307:
117:
454:"Borro Closes $ 112M Financing From Victory Park Capital"
873:
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In February 2015, Borro Private Finance was featured on
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764:"Borro Banks $ 19 Million for Online Luxury Pawn Shop"
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94:
79:
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61:
904:Financial services companies of the United Kingdom
899:Financial services companies of the United States
914:Financial services companies established in 2008
330:is on the rise despite the economy's recovery.
670:Powley, Tanya; Moore, Elaine (24 June 2011).
245:United Kingdom Parliamentary expenses scandal
8:
627:"Borro appoints John Allbrook as Chief Exec"
601:"Even Hip Hoppers Get Caught in the Crunch?"
594:
592:
47:
16:"Borro" redirects here. For other uses, see
424:"borro signs new funding deal with Octopus"
733:"Got a Picasso? Get a small business loan"
556:"borro announces launch on Channel 4 News"
53:
46:
339:
42:UK based personal asset finance company
909:American companies established in 2008
762:Chapman, Lizette (10 February 2015).
672:"Rich drive demand for asset lenders"
599:Naughton, Philippe; Costello, Miles.
373:"Borro launches into property market"
231:conducted its first £1,000,000 loan.
224:Lender of the Year in 2011 and 2012.
7:
919:Retail companies established in 2008
788:Hiscott, Graham (28 December 2013).
821:. 23 February 2015. Archived from
505:"News 2017 | Victory Park Capital"
14:
708:. 9 February 2012. Archived from
403:"Eden Ventures portfolio - Borro"
562:. 25 August 2008. Archived from
815:"Funds for the Rich and Famous"
731:Lamothe, Keisha (1 June 2012).
702:"Telegraph Business Club Video"
377:www.bridgingandcommercial.co.uk
844:Bridge, Mark (11 April 2015).
1:
631:Specialist Finance Introducer
645:"borro rides to MPs Rescue"
945:
509:www.victoryparkcapital.com
22:
15:
929:Companies based in Denver
889:Retail financial services
651:. London. 18 October 2009
259:At the beginning of 2012
52:
678:. London. Archived from
196:and other collectibles.
23:Not to be confused with
924:Multinational companies
286:The Wall Street Journal
268:On launching in the US
33:Borrow (disambiguation)
633:. London. 4 July 2017.
18:Borro (disambiguation)
29:Boro (disambiguation)
534:www.businesswire.com
328:asset backed lending
712:on 10 February 2012
682:on 3 September 2011
676:The Financial Times
585:Credit Today Awards
262:The Daily Telegraph
143:Number of employees
49:
536:. 13 February 2020
485:. 10 February 2015
383:on 29 January 2016
132:luxury asset loans
74:Financial services
566:on 27 August 2009
434:on 21 August 2011
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283:In October 2013
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312:Out Front with
274:Chateau d'Yquem
253:Financial Times
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178:secured lender
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65:Private Listed
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874:Official Site
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128:Secured loans
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116:Dewey Burke,
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105:United States
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853:. Retrieved
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314:Erin Burnett
311:
305:
303:and Oscars.
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260:
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251:
249:
242:
239:In the Media
233:
229:
226:
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214:
211:
207:
203:
186:classic cars
169:
168:
95:Headquarters
62:Company type
44:
829:23 February
799:30 December
773:30 December
570:8 September
540:8 September
489:10 February
458:PR Newswire
243:Amidst the
87:August 2008
83:August 2008
894:Pawn shops
883:Categories
794:The Mirror
716:9 February
428:FT Advisor
387:20 January
357:20 January
334:References
295:The Mirror
174:pawnbroker
112:Key people
850:The Times
819:borro.com
737:CNN Money
605:The Times
323:The Times
278:CNN Money
147:15 (2020)
855:11 April
655:27 April
611:27 April
607:. London
560:Channel4
408:19 April
219:Services
182:fine art
124:Services
70:Industry
514:12 July
463:3 April
438:28 July
301:F1 cars
270:Reuters
200:History
194:watches
190:jewelry
152:Website
85: (
80:Founded
25:Burough
747:1 June
686:24 May
159:.borro
100:Denver
170:Borro
48:Borro
37:Burro
35:, or
857:2015
831:2015
801:2019
775:2019
749:2012
718:2012
688:2011
657:2011
613:2011
572:2009
542:2020
516:2018
491:2015
465:2014
440:2011
410:2009
389:2016
359:2016
176:and
161:.com
768:WSJ
310:'s
308:CNN
157:www
118:CEO
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