Borro

Founded in 2023 and based in Brussels, Belgium, Borro is a digital platform that manages reusable cup deposit refunds. The company was founded by Kasper Albers and Glenn Verhaege. In November 2024, Borro raised EUR 350,000 in venture funding led by Seeder Fund and Imec. istart.

Borro specializes in providing a digital solution for managing reusable cup deposit refunds, aiming to streamline the customer experience and reduce logistical complexities. The core service revolves around a QR code system that links reusable cups to payment cards, enabling customers to secure their deposit refunds upon returning the cups. This solution facilitates the return of cups through self-service collection points, where the QR code is automatically scanned, ensuring immediate refund processing to the customer's bank account. Borro's offerings benefit event organizers, bars, and restaurants.

Borro generates revenue through partnerships with businesses that adopt its reusable cup deposit refund system. Businesses that utilize Borro's solution pay a fee associated with the implementation and maintenance of the digital system, which includes access to technology for managing cup deposits and refunds. The company plans to utilize the November 2024 funding raised to expand its solution domestically in Belgium and abroad.