Boro Overview

  • Year Founded
  • 2015

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 30

Employees

  • Latest Deal Type
  • M&A

Boro General Information

Description

Developer of a lending platform intended for college students. The company's platform specializes in providing access to convenient and affordable auto loans and personal loans, enabling students to bank smarter in college, keep debt under control and build their financial future from scratch.

Contact Information

Website
borocredit.com
Ownership Status
Acquired/Merged
Financing Status
Formerly VC-backed
Corporate Office
  • 530 West Allegan Street
  • 7th Floor
  • Lansing, MI 48933
  • United States
Primary Industry
Consumer Finance
Other Industries
Financial Software
Acquirer
Kora (Chicago)
Vertical(s)
Mobility Tech, FinTech, Mobile
Corporate Office
  • 530 West Allegan Street
  • 7th Floor
  • Lansing, MI 48933
  • United States

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Boro Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
5. Merger/Acquisition Completed Generating Revenue
4. Early Stage VC (Series A) 18-Mar-2020 Completed Generating Revenue
3. Debt - General 01-Jan-2018 Completed Generating Revenue
2. Early Stage VC (Series AA) 01-Jan-2017 $2M $2.37M Completed Generating Revenue
1. Early Stage VC (Series AA) 01-Feb-2016 $367K $367K Completed Generating Revenue
To view Boro’s complete valuation and funding history, request access »

Boro Cap Table

Stock # of Shares
Authorized		 Par Value Dividend Rate (%) Original
Issue Price		 Liquidation Liquidation
Pref. Multiple		 Conversion Price % Owned
Series A2
Series AA2
Series A 60,903 $0.001000 4% $80 $80 1x $80 40.72%
To view Boro’s complete cap table history, request access »

Boro Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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Boro Former Investors (5)

Investor Name Investor Type Holding Investor Since Participating Rounds
Arcadia Funds Lender/Debt Provider Minority
Evolve Ventures Venture Capital Minority
Knights Genesis Asset Manager Minority
Lexin Fintech Corporation Minority
Sky Saga Capital Venture Capital Minority
To view Boro’s complete investors history, request access »

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Boro FAQs

  • When was Boro founded?

    Boro was founded in 2015.

  • Where is Boro headquartered?

    Boro is headquartered in Lansing, MI.

  • What is the size of Boro?

    Boro has 30 total employees.

  • What industry is Boro in?

    Boro’s primary industry is Consumer Finance.

  • Is Boro a private or public company?

    Boro is a Private company.

  • What is Boro’s current revenue?

    The current revenue for Boro is .

  • How much funding has Boro raised over time?

    Boro has raised $117M.

  • Who are Boro’s investors?

    Arcadia Funds, Evolve Ventures, Knights Genesis, Lexin Fintech, and Sky Saga Capital have invested in Boro.

  • Who acquired Boro?

    Boro was acquired by Kora (Chicago).

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