MIAMI, FL, Marco, the trade finance platform catering to the needs of SME exporters in Latin America, has announced the successful closure of a $12 million Series A funding round.
The round was led by IDC Ventures, with additional participation from IDB Lab (the innovation and venture laboratory of the Inter-American Development Bank Group), Barn Invest, SquareOne Capital, Arcadia Funds, Florida Funders, Miami Angels, Kayyak Ventures, and Neer Ventures, among others.
Marco is on a mission to simplify and accelerate cross-border trade by providing reliable working capital and critical tools for SMEs in the United States and Latin America. It addresses the $1.5 trillion global trade finance gap by developing proprietary risk models that process data in real time to dynamically assess risk and mitigate capital loss. The company is the first operating system for SMEs in trade in LatAm addressing the most pressing problem in today's lending climate: providing them the liquidity and tools they need quickly and seamlessly. Marco unleashes the big power of small businesses by simplifying, accelerating, and reimagining cross-border trade with cutting-edge technology.
(c) by Massinvestor, Inc. For contact info, please check out our
about page.