People using their cars for extra money are not just taking their cars to some seedy shop on the "other" side of the tracks. They are going to Borro, a nationwide service that specializes in personal aWhere America's Wealthy Turn Their Supercars Into Cashsset loans. See the full slideshow at AOL Autos"
Borro, an online platform that lets people borrow cash and put up luxury watches, art and other fine goods as collateral, is today announcing a new funding round of $112 million, coming entirely from one backer that focuses on finance investments, Victory Park Capital. Paul Aitken, Borro's founder and CEO, tells me that the money... Read More
Why business is picking up for high-end collateral lenders One of the interesting, and potentially market-changing, stories to come out of this current recession is the creation of high-end pawn operations, or what some people in the business prefer to call "collateral lenders." "Never before have we seen so many affluent individuals coming into our... Read More
Increasing competition is driving growth in the personal loan market, but borrowers are being warned that they may not qualify for the low interest rates that are being advertised. The top interest rates have fallen several percentage points in the past year and it is now possible to get a personal loan for just 4.5... Read More
High-end online pawn shop borro announced this week it raised $112 million in debt financing to fund new loans. "It's great. It takes us to the next level and means we're moving from a venture stage to a growth stage company," says CEO Paul Aitken. Aitken says the company has raised $40 million in equity,... Read More
Borro CEO Paul Aitken has a Q&A session with Art+Auction about the company and how going small is paying off. Read the full article here.