Miami-headquartered fintech Marco has secured a US$200 million credit facility from leading middle market lender MidCap Financial and global asset-based private credit specialist, Castlelake. That is on top of the US$8.2 million the startup had recently raised in equity funding led by Arcadia Funds LLC. Marco will use the funds to grow its Latin-America-focused risk solutions platform that enables SMEs to get a financing decision within days instead of weeks. Marco will now look at financing and empowering SME exporters across Latin America so that they can sell their goods to great partners in markets globally.
