Marco Financial, a Miami, FL-based tech-enabled financing platform built for small and medium-sized Latin American exporters, secured $26M in funding and credit.
The funding includes an equity round, led by Struck Capital and Antler, and a credit facility underwritten by Arcadia Funds, LLC.
The company intends to use the funds to continue to expand operations and its business reach.
Founded in 2019 by Peter D. Spradling and Jacob Shoihet, Marco supports Latin American SME exporters selling to U.S. buyers by providing financing to with an innovative due diligence process that leverages real-time data to dynamically assess risk and mitigate capital loss.
Marco’s credit facility is underwritten by Arcadia Funds, LLC.
The company is headquartered in Miami, FL with offices in New York and across Latin America.
FinSMEs
21/09/2020