The milestone comes less than two months after its launch in the US, headquartered in New York City.
The high value personal assets secured against to reach this figure include a $140,000 Rolls Royce, $100,000 on a piece of fine art, $96,000 against a luxury watch collection and $58,000 against two 1kg investment gold bars.
Paul Aitken, chief executive officer at borro, said: “Naturally, we are very pleased with the success we have seen in the US in such a short time.
“We find that many people who come to us need to realise business opportunities quickly and we provide them with access to immediate funding within 24 hours.
“Just like our UK customer base, more people in the US are realising that they hold a wealth of assets they can use to access finance – either to fund a business opportunity like the majority of our customers do or to cover temporary cashflow issues.”
