Marco Provides $20 Million Factoring Facility to U.S. Exporter
Fintech company Marco recently provided a $20 million factoring facility to a New York-based export company to support its cross-border business growth. The transaction reflects Marco's continued growth and enhanced capabilities in trade financing for small and medium-sized enterprises.
MIAMI — Full-stack fintech company Marco recently completed a financing transaction for a New York-based export company. The partnership will provide this cross-border enterprise with a $20 million factoring facility. This transaction reflects Marco 's continued growth and its ability to provide larger-scale financing to global small and medium-sized enterprises (SMEs) .
"Our credit facility with Marco is a key milestone, laying a solid financial foundation for our strategic growth and innovation," said the export company's Chief Executive Officer .
"We are very pleased to help companies like this grow to such a scale,"Barry Kastner, Executive Vice President and Senior Managing Director at Marco , added. "Seeing our team work hard to close a transaction of this size and knowing that we are making a significant impact on companies like this across North America, Europe, and Latin America is exactly what Marco 's mission is about."
Over the past few years,Marco has strategically expanded its business scope and capabilities, becoming a trusted partner for small and medium-sized enterprises seeking reliable financial solutions. The company's innovative approach in trade finance leverages cutting-edge technology to streamline processes, reduce risk, and offer more accessible financing options. By continuously enhancing its service offerings and adapting to evolving market demands,Marco has successfully facilitated multiple high-value transactions, solidifying its leading position in the fintech sector.
The $20 million factoring facility provided to this New York export company underscores Marco 's robust infrastructure and its commitment to supporting the growth vision of SMEs . As the company continues to scale operations and expand its global footprint, it remains dedicated to providing tailored financial solutions that drive commercial success and economic development across different regions.
For more information, visit https://www.marcofi.com/
About Marco
Marco completed a Series A funding roundthis year, aimed at narrowing the trade finance gap for SMEs in North America and Latin America.Marco is a full-stack fintech company co-founded in 2020 by Chief Executive Officer Jacob Shoihet and Chief Operating Officer Peter Spradling . Headquartered in Miami with offices in New York and Montevideo, Uruguay, the company employs over 50 people.Marco is at the forefront of fintech innovation, focusing on delivering comprehensive trade finance solutions. Leveraging advanced technology, the company provides tailored financial services to meet the diverse needs of small and medium-sized enterprises worldwide. By focusing on efficiency and customer-centric solutions,Marco continues to help businesses achieve significant growth and operational success. For more information, visit www.marcofi.com
