Participated · Series A · Mar 2024

Marco is building an operating system for Latin American SME exporters engaged in cross-border trade, providing them with easier access to financing and operational support. The platform offers a suite of products including LLC creation, bookkeeping, banking, FX payouts, cargo insurance, and financing tools such as factoring and asset-based lending. Founded in 2020 by Jacob Shoihet and Peter D. Spradling, Marco is headquartered in Miami with additional offices in New York City and Montevideo, Uruguay. The company employs over 50 people across its offices. Marco has established itself as a key player in the trade finance sector serving historically underserved SMEs. It intends to use the funds from this round to further enhance its ESG efforts within the LatAm region. Marco provides a tech-enabled trade financing platform that acts as an operating system for SMEs engaged in trade across LatAm and the U.S. The company was founded in 2020 by Peter D. Spradling (COO) and Jacob Shoihet (CEO) and is based in Miami with offices in Montevideo and New York. Marco intends to use the funds to expand its trade finance platform and suite of trade services across target segments in the U.S. and Latin America, including Mexico, Ecuador, Colombia, and Peru. The company reported rapid growth: it lent $100M last year, has financed over $254M with zero losses since inception, and saw 1,500%+ CAGR in funding between 2021 and 2022. Marco aims to fund $750M by the end of 2023. Marco Financial offers a tech-enabled risk assessment and factoring platform to provide working capital to small and medium exporters across Latin America. Its product underwrites lines of credit based on future potential and customer-provided data, shortening loan origination from over two months to about one week and enabling funding within 24 hours. Since launching its product in January 2020, Marco has processed thousands of invoices across 20 countries totaling more than $18 million and now lends as little as $25,000 per month up to $10 million. The company aims to simplify cross-border payments, improve risk assessment by productizing unstructured data, and enable large logistics providers to originate export financing. Marco was founded in 2019 and is based in Miami with offices in New York, Dallas and across Latin America. The company also announced senior hires including Prajwal Manalwar as chief product officer and named Sabrina Teichman chief growth officer (editor's note: as of September 2021, Sabrina Teichman no longer works for Marco Financial). Marco Financial is a tech-enabled financing platform that provides financing to small and medium-sized Latin American exporters selling to U.S. buyers. The company uses an innovative due diligence process that leverages real-time data to dynamically assess risk and mitigate capital loss. Marco intends to use the new capital to continue expanding operations and its business reach across the region. The company was founded in 2019 by Peter D. Spradling and Jacob Shoihet and is headquartered in Miami, FL, with offices in New York and across Latin America. The financing package includes both an equity component and a credit facility, indicating a mix of growth capital and lending capacity to support originations.

Participated · Series A · Sep 2023

Vero Technologies offers a lending-as-a-service (LAAS) platform that enables community and regional banks to originate, service and monitor wholesale or "floor plan" financing for dealers of manufactured goods such as auto, powersports and agricultural equipment. The platform leverages open banking technology to provide end-to-end loan lifecycle management, including underwriting, loan servicing, digital auditing, real-time inventory tracking, risk management and financial analytics. It also provides dealer- and supplier-facing tools to reduce manual interactions and aims to let banks introduce wholesale financing without overhauling existing systems or adding specialized headcount. Vero says it has achieved initial market penetration with minimal prior funding and currently serves community and regional banks across the country. The company will use the $8.5M Series A to accelerate growth of its LAAS offering, expand its footprint with community and regional banks, and enhance platform capabilities. Vero is working on a commercial partnership with Sopra Banking Software (part of the Sopra Steria Group) to make its technology available to the wider wholesale finance market.

Led · Series A · Oct 2022

Reap is a financial platform that combines spend-management software with a range of payment products, anchored by the Reap Visa Corporate Credit Card. The company serves both Web2 clients (Acer, Buy and Ship, Pirata Group, Sompo Insurance, Wallem Group) and Web3 customers (Amber Group, Animoca Brands, Binance, Gnosis, LayerZero). Its team numbers over 40 people spread across Hong Kong, Australia, Canada, Japan, Malaysia, Singapore and Vietnam. Reap raised US$40M in a Series A to support growth and operations. The company intends to use the funds to expand into international markets, set up regional hubs and round out management hires across Asia, North America and Europe. Founded by Daren Guo and Kevin Kang, Reap focuses on enabling financial connectivity and tools for companies of various sizes.

Led · Debt Financing · Aug 2022

Led by CEO Yaser Masoudnia, BlueTape offers mobile-first payment and financing solutions that let construction businesses pay for building materials on the go. The platform enables users to manage invoices, collect payments, and pay bills via mobile. All loans on the BlueTape platform are originated by CBW Bank, member FDIC. The company raised $55M in a round that included $50M in debt and a $5M seed equity component. BlueTape intends to use the funds to increase lending, expand its team, and develop new products for construction businesses.

Led · Equity · Jun 2022

OppZo is a mission-driven financial technology company that makes affordable asset-based working capital loans available to small and medium-sized businesses. It focuses on SMBs located in Opportunity Zones, economically distressed U.S. areas that offer tax incentives to investors. OppZo funds SMBs through its investors and balance-sheet partners, creating an impact asset class designed to deliver risk-adjusted returns alongside positive social and economic outcomes. In June 2022 OppZo raised over $260M in combined debt and equity financing, including $255M of debt and a $5M equity tranche led by Arcadia Funds. The company says the funding will enable it to continue connecting small businesses to public and private capital sources. OppZo is led by co-founders Warren Reed (Co‑Founder & CEO) and Randy Garrett (Co‑Founder & President) and is based in Miami, FL.