Founded in 2023 by Glenn Verhaege, Kasper Albers and Niels Willems, Borro has developed an intelligent deposit system for reusable cups that links each cup to a visitor's bank card and returns the deposit automatically at smart collection points. The system uses invisible codes readable by cameras rather than RFID, and the company emphasizes fraud prevention through unique payment-linked tracking and full traceability. Borro offers 24/7 live monitoring and analytics on return rates, stands, peak moments and system performance. It reports that millions of reusable cups have already been processed through its system and is active at Belgian football clubs including Club Brugge and KV Mechelen. The company joined PSG Labs at Station F and is preparing an implementation at Paris's Parc des Princes, while also seeing interest from concert venues, amusement parks and festivals. Borro aims to be the European reference for digital deposit systems as regulation and reuse initiatives spread across the event industry.

Total raised

$2M

Funding rounds

2

Latest round

Equity

Latest activity

May 2026