Marco, a tech-enabled trade financing platform built for small and medium-sized businesses in Latin America and the United States, received a $200 million credit facility from middle-market lender MidCap Financial and global asset-based private credit specialist Castlelake.
BlueTape, a payments and financing provider for the construction industry, closed on $50 million in debt funding led by Arcadia Funds and a $5 million seed round led by Chicago Ventures for a total of $55 million in financing.
OppZo, a mission driven financial technology company focused on unlocking access to capital for small and medium sized businesses, received more than $260 million in debt and equity funding from Arcadia Funds.
Marco Financial raised $82 million in seed funding. Led by Kayyak Ventures, the company has increased its credit line provided by Arcadia Funds to $100 million.
Arcadia Funds has provided a credit facility to Marco Financial, the first tech-enabled financing platform built for small and medium-sized Latin American exporters.