Borro Obtains 5.6mn British Pounds in New Equity Capital

Luxury assets lender Borro has raised 5.6 million British pounds ($6.93 million) in new equity capital; firm received Financial Conduct Authority authorization in 2016 and reported business growth of 30%; the funding will help support the firm’s balance sheet lending; since 2011, firm has lent 230 million British pounds ($286 million).  Source