TLDR:
- Marco, a trade finance platform based in Miami, secured $12M in Series A funding.
- The funding round was led by IDC Ventures and included participation from several other investors.
Marco, founded in 2020 by Jacob Shoihet and Peter D. Spradling, is focused on providing easy access to financing for Latin American SME exporters engaged in cross-border trade. The company’s platform offers a range of products and services tailored to SMEs, including LLC creation, bookkeeping, banking, factoring, and asset-based lending.
With the recent funding, Marco plans to enhance its ESG efforts within the LatAm region and further establish itself as a key player in the trade finance sector. The company currently has over 50 employees across its offices in Miami, New York City, and Montevideo, Uruguay.
According to Jacob Shoihet, the goal of Marco is to serve a historically underserved cohort by offering a comprehensive platform that covers financing, compliance, and more. The company aims to support SMEs in trade and contribute to creating an economy that benefits everyone.
