What is Marco?
Founded in 2020 and based in Miami, Florida, Marco operates as a crucial fintech enabler for Latin American export businesses. The company's platform is designed to streamline and enhance the financing processes essential for cross-border trade, addressing a critical need in a rapidly developing economic landscape. Marco's strategic positioning within the fintech sector, coupled with its focus on export finance, highlights its potential to drive significant economic activity and provide vital financial infrastructure for businesses expanding their reach internationally.
How much funding has Marco raised?
Marco has raised a total of $302.2M across 4 funding rounds:
Angel/Seed
$82M
Private Equity
$8.2M
Debt
$200M
Series A
$12M
Angel/Seed (2021): $82M with participation from Flexport Ventures, Florida Funders, Tresalia Capital, 342 Capital, Fox Ventures, Kayyak Ventures, Village Global VC, Antler, Struck Capital, and Antler Elevate
Private Equity (2023): $8.2M led by Arcadia Funds
Debt (2023): $200M supported by Castlelake and MidCap Financial
Series A (2024): $12M featuring Idc Ventures, SquareOne Capital, IDB Lab, and Barn Investments
Key Investors in Marco
Idc Ventures
IDC Ventures is an entrepreneur-driven venture capital firm that focuses on investing in fintech and marketplace companies across Europe, the US, and Latin America, particularly in Brazil and Mexico. The firm supports industry-defining founders from Series A to growth stages, employing a strategic investment approach known as Land, Expand, and Consolidate.
SquareOne Capital
SquareOne Capital is a venture capital firm founded in 2018 and based in Miami, specializing in investments in technology and innovation, particularly within the Fintech sector. The firm focuses on companies that promote sustainability and financial inclusion, while also supporting young underprivileged entrepreneurs in Latin America.
IDB Lab
IDB Lab is the innovation and venture arm of the Inter-American Development Bank Group, focusing on fostering entrepreneurial innovation and disruptive technologies. The organization aims to benefit populations living in poverty and activate new industries for sustainable growth.
What's next for Marco?
With the recent influx of capital, Marco is poised for accelerated expansion and further development of its financing platform. The company's strategic investments, particularly its Series A round, indicate a transition into a scaling phase, likely focusing on enhancing its technological capabilities, expanding its market reach across Latin America, and potentially forging new partnerships. The substantial enterprise-level funding suggests a clear path towards solidifying its market leadership and addressing the growing demand for efficient export financing solutions in emerging markets.
See full Marco company page
