borro has seen a 219% increase in the value of referred business coming through from introducers in the last quarter.
The personal asset lender now has over 2,000 intermediaries signed up to its Introducer Programme including IFAs, mortgage brokers, accountants, wealth managers and loan brokers.
Paul Aitken, CEO and founder of borro, said: “With banks making it hard for individuals and businesses to access finance, more and more intermediaries have recognised that valuable personal assets can be used by clients in certain circumstances to raise funds without lengthy bank processes or utilising property as a guarantee.
“Financial advisers and wealth managers are becoming more aware that services like ours can offer their clients a fast and transparent lending channel that is increasingly becoming mainstream.”
Offering loans of £1,000 to £1,000,000 against valuables including luxury watches, jewellery, fine art, antiques, prestige cars and more, borro’s Introducer Programme aims to allow intermediaries to provide quick and secure finance against their client’s personal assets.