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borofree logo — Zero interest, zero fees, zero worries.

borofree

Zero interest, zero fees, zero worries.

Founded 2019 United Kingdom London, United Kingdom 4 employees Series Unknown Financial Services, Mobile +1

General Information

Company Name borofree
Founded Year 2019
Location United Kingdom London, United Kingdom +1
Employees 4
Industries Financial Services, Mobile, Payments
Funding Stage Series Unknown
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About borofree

borofree is a distinguished financial tech startup that operates with a customer-centric approach. Their slogan, "Zero interest, zero fees, zero worries," reflects their commitment to providing hassle-free financial services. Established in 2019, the United Kingdom-based company has positioned itself as a reliable solution in the Financial Services and Payments sectors. Notably, borofree's recent milestone was the Venture Round investment on 08 February 2021, which was secured from Fortunis Capital. This investment signifies the industry's recognition of the startup's potential and the quality of their services. The company's business model revolves around transparency and accountability. They pride themselves on maintaining 0% interest, £0 fee, and £0 cost to both employees and employers, fostering trust within their customer base. Additionally, borofree has set a cap on salary advances, ensuring a maximum of £300 per employee to bridge the gap before payday, without incurring penalties. In essence, borofree's innovative and ethical approach to financial services, coupled with the backing of Fortunis Capital, positions them as a promising player in the financial technology landscape. Their emphasis on customer welfare and financial integrity sets them apart in an industry often plagued by opaque practices and hidden fees.

Taxonomy: salary advance, financial wellness, employee benefits, zero interest loans, employer benefits, payroll management, short-term loans, financial transparency, employee financial assistance

Funding Rounds & Investors (1)

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Funding Stage Amount Investors Lead Investors Date
Venture Round •••••• 1
Investor
08 Feb 2021

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FAQ About borofree

Zero interest, zero fees, zero worries.
borofree was founded in 2019.
borofree is headquartered in London, United Kingdom.
borofree operates in the following industries: Financial Services, Mobile, Payments.
borofree has approximately 4 employees.
borofree has completed 1 funding round. The latest funding stage is Series Unknown.
Top alternatives and competitors to borofree include Bridge Access, Salary Hero, Serve and Protect Credit Union, Advance, Neyber (part of the Salary Finance family). These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
borofree and Bridge Access are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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