We’re Boro. And we want to help all college students build a successful financial future.
Boro got started way back in 2015, helping international students studying in the United States get access to smart and low-rate auto loans so they could get cars on campus.
International students are often rejected for loans because they don’t have a credit score or they don’t have a long enough credit history. They haven’t been in the states long enough to build one! Our answer? An innovative approval process that looks beyond the traditional FICO credit score to get international students the credit they deserve.
Boro was an instant hit with international students. We were featured in the Money 20/20 conference, followed by a large investment in our company. It was just the beginning for Boro. We expanded to offer personal loans as well as auto loans and not only for international students, but for domestic students as well.
All of these college students are facing a serious credit crisis. They are getting poor financial education and are wide open to predatory lenders, payday loans and high-interest credit cards, wrecking their credit before they even know what a credit score is. When students can’t build their credit history, they graduate with low credit scores and can’t get the credit they need to achieve their goals.
We’re ending that cycle.
Boro’s products and Boro as a company is committed to helping make financial education a priority for this generation. Students should be ready to manage their finances before they graduate; not years later.
We believe in helping our customers, our coworkers and ourselves learn and grow from our experiences, good or bad. We create products that help our customers grow more confident and secure in their financial wellbeing.
We believe the credit system is broken for college students and fixing it will require some innovation and breaking the traditions of an outdated financial system.
We want to build long-lasting relationships with our customers that last beyond their years in college. This means that our products need to be simple, fair and transparent. No B.S. and no hidden terms or fees.