Marco Financial provided an international trade finance facility totaling $9 million to Spectralink Corporation, a Boulder, CO-based portfolio company of Sun Capital Partners and provider of on-site enterprise mobile communication solutions.
If you haven’t heard of Marco Financial yet, you will soon. The “tech-enabled” factoring startup launched in 2020 with its sights set on the SME and trade financing world, specifically in Latin America. The company currently plays on the lower end of the capital spectrum, with most of its initial deal opportunities below $1 million, but with an impressive executive team, a heavy reliance on technology and the financial backing of some heavy hitters in the venture capital space, the company is poised to grow far beyond its current capabilities.
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.