Borro Receives $32M Loan Facility from Octopus Investments

Borro, a London, UK-based online personal asset lender, has received a $32m (£20m) loan facility from Octopus Investments.

The company intends to use the proceeds to expand in the US and the UK.

Launched by Paul Aitken in the UK in 2008 and in the US in January 2012, borro offers loans of between £1,000 and £1,000,000 secured on assets ranging from watches, luxury cars and jewellery to antiques and artwork.

This latest funding line brings borro’s financing activities to $58 million in the last two weeks (see related news).

Related News
11/10/2012: Borro Raises $26M in Funding
14/06/ 2011: Borro Receives Debt Financing from Octopus
31/03/2011: Receives Venture Capital Financing
29/03/2010: Raises £10M

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