Marco injects financial flexibility into HR services firms | CFO Dive
Fintech company Marco recently approved factoring credit lines for three Canadian HR services firms, one of which increased its line from $500,000 to $1.1 million, helping them optimize cash flow and scale operations.
Miami — In the context of evolving global business dynamics, human resources service companies play a pivotal role. They connect talent with opportunities, ensuring that businesses place the right people in the right roles. However, behind the scenes, these HR service firms also face a unique set of challenges—chief among them being the effective management of cash flow.
This is where fintech startupMarcocomes into play. Marco specializes in revolutionizing trade finance, helping businesses achieve their commercial goals without jeopardizing operations through its innovative factoring solutions. Although Marco primarily serves SME exporters in Latin America and North America, the company claims to be industry-agnostic, capable of providing financial support to a wide range of businesses.
Recently, Marco approved factoring credit lines for three well-known Canadian human resources service companies. These firms were seeking fast and reliable solutions, and Marco met their needs, helping them scale their operations. In fact, due to the excellent results demonstrated in the initial months, one of these companies requested an increase in its credit line from $500,000 to $1.1 million, which Marco promptly approved.
"We were looking for a reliable financial partner to support our rapid growth, and Marco exceeded our expectations," added a representative from the Canadian company. "Their factoring solution was exactly what we needed to manage our cash flow effectively. Within just a few months, the positive impact on our business was so significant that we applied for a higher credit limit, and Marco made it happen seamlessly. Their support has been instrumental in helping us scale and meet the growing demands of our clients."
"We are thrilled to continue helping our clients grow," said Barry Kastner, Executive Vice President and Senior Managing Director at Marco. "Our HR service clients have used our credit lines to expand their businesses, and we look forward to continuing to develop this partnership."
With Marco's support, human resources service companies can confidently navigate financial challenges and focus on what they do best—connecting talent with opportunity.
About Marco
Marco completed its Series A funding this year, aiming to close the trade finance gap for SMEs in North and Latin America. Marco is a full-stack fintech company co-founded in 2020 by CEO Jacob Shoihet and COO Peter Spradling. With over 50 employees, the company is headquartered in Miami and has offices in New York and Montevideo, Uruguay. Marco is at the forefront of fintech innovation, focusing on providing comprehensive trade finance solutions. Leveraging advanced technology, the company offers tailored financial services to SMEs worldwide. By focusing on efficiency and customer-centric solutions, Marco continues to help businesses achieve significant growth and operational success. For more information, visitwww.marcofi.com。
