Borro has revealed that it now has over 2,000 intermediaries signed up to its Introducer Programme.
These include IFAs, mortgage brokers, accountants, wealth managers and loan brokers.
Meanwhile, the personal asset lender saw a 219% increase in the value of referred business coming through from introducers in the last quarter.
Top ten introducer businesses:
| Introducer Type |
% of Total |
| IFA |
35% |
| Mortgage Broker / Packager |
23% |
| Loans Broker / Packager |
8% |
| Commercial Finance Broker / Packager |
7% |
| Bridging |
4% |
| Broker |
4% |
| Wealth Manager |
4% |
| Accountant |
3% |
| Asset Finance Broker |
2% |
| Commercial Packager |
2% |
Paul Aitken (pictured), 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.”