What Marco does

Marco (MARCO CAPITAL INC., operating as Marco, Marco Financial, and Marcofi) is a Miami-headquartered fintech founded in 2020 by Peter D. Spradling and Jacob Shoihet that provides cross-border financial infrastructure for Latin American small and medium-sized businesses exporting to the United States. The platform addresses a structural timing mismatch in the MX↔US trade corridor: clients collect USD on 45–60 day terms from U.S. retailers but must pay weekly MXN payroll, a problem traditional banks do not underwrite against and that fragmented financial infrastructure (multiple banks, FX providers, factoring desks, compliance firms) cannot solve cohesively. Since inception Marco reports serving 600 businesses and financing approximately $1.025 billion in cumulative volume.

The platform is architected as a unified financial operating system whose core is the Cuenta Global — a multi-currency global account supporting MXN, USD, and EUR with same-day USD availability, user-controlled FX timing, and real-time treasury visibility. Layered on top are a revolving credit line underwritten on operational history rather than collateral or bureau scores (3+ months operating history, 2+ active clients, approvals in 24–74 hours), a factoring referral network with 24–48 hour approvals and 70–90% invoice advances, U.S. LLC and corporation formation, compliance and accounting services (federal and state filings, BOI reports, IRS), cargo insurance, and buyer evaluation. Onboarding is fully digital with no initial deposit or minimum balance; U.S. payment services are provided through Airwallex US, LLC (NMLS #1928093), and Marco holds a California Finance Lender License.

Marco monetizes through FX spreads on currency conversion, interest on drawn revolving credit balances, subscription fees on Compliance and Accounting plans, factoring referral/match fees, and professional services fees for U.S. entity formation. Distribution is hybrid: self-serve digital onboarding through the Marco portal combined with sales-assisted 15-minute demos targeted at CFOs and finance leads of mid-market companies with at least $2M in annual cross-border flow. The company has raised a $12 million Series A led by IDC Ventures (March 2024) alongside earlier equity rounds and debt facilities totaling approximately $300 million from Arcadia Funds, MidCap Financial, Castlelake, Antler, Kayyak Ventures, Florida Funders, and others, and operates regional offices in Miami, New York, Mexico City, and Montevideo.

Name

Marco

Legal name

MARCO CAPITAL INC.

Website

https://marcofi.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

101–250 employees

Short description

Marco is a Miami-based fintech providing cross-border financial infrastructure for Latin American SMEs exporting to the United States. Its platform unifies multi-currency accounts, FX conversion, revolving credit, factoring, and U.S. compliance into one operating system targeting the MX↔US trade corridor.

Ownership category

akta.pro rank

Product category

Cross-Border Trade Finance Platform

NAICS

Sales Financing (52222), Securities and Commodity Contracts Intermediation and Brokerage (5231), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Security Brokers, Dealers & Flotation Companies (6211), Functions Related To Depository Banking, Nec (6099)

akta.pro primary industry

Multi-Currency Accounts, Wallets & FX Management (Consumer/SME) (FSAGAKAF)

akta.pro secondary industries

Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG), Structured Trade & Export Credit (ECA-backed, Structured Solutions) (FSABAHAJ), FX Conversion, Pricing & Hedging Infrastructure (Treasury/Rate Engines) (FSAGAKAG), Buy Now, Pay Later (BNPL) Platforms (BPAMAFAG)

Keywords

• Cross-border trade finance
• Multi-currency business accounts
• SME working capital credit
• FX conversion platform
• U.S. entity formation

Headquarters

HQ city

Miami

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure, Others

Revenue model

1. Account & Platform Fees: Revenue from account management services on the Global Account platform. Fees likely apply for multi-currency account maintenance and transaction processing.
2. FX Spread: Revenue generated from currency conversion spreads when users convert between MXN, USD, and EUR. Users convert to control FX costs, generating spread income for Marco.
3. Revolving Credit Interest: Interest income on revolving credit lines extended to clients. Credit is evaluated based on operational history and scales with business volume. Interest is charged on drawn amounts with no prepayment penalties.
4. Factoring Referral Fees: Marco operates a network of specialized factoring partners and earns referral/match fees by evaluating client profiles and connecting them to the most suitable factoring partner. Approval in 24-48 hours.
5. Compliance & Accounting Services: Monthly accounting, tax filing (federal, state, Franchise Fee), BOI reporting, and regulatory compliance management for U.S. entities (LLCs). Packages range from Compliance-only to Total Accounting.
6. U.S. Entity Formation: Revenue from assisting companies in incorporating LLCs and corporations in the United States, enabling clients to become U.S. sellers and control their own imports.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

Marco provides a unified Financial Operating System for SMEs operating between Latin America and the United States. Its core is the Cuenta Global multi-currency account for collecting, converting, and paying in MXN/USD/EUR with real-time treasury visibility, supplemented by revolving credit based on operational history, factoring referrals, U.S. entity formation, compliance and accounting services, cargo insurance, and buyer credit evaluation. The platform is purpose-built for the timing mismatch between USD collections on 45–60 day terms and weekly MXN payroll cycles.

Product overview

Marco is a financial infrastructure platform for cross-border operations between LatAm and the US, built as an integrated platform with multiple modules. The core offering centers on the Cuenta Global (Global Account) for multi-currency operations, supplemented by Crédito Revolvente (Revolving Credit) for liquidity, Compliance y Accounting for US tax and regulatory obligations, and Factoraje (Factoring) through a partner network. Additional services include US company formation, cargo insurance, and buyer evaluation. The platform targets SMEs with annual cross-border flows of USD 2M+ operating in the MX↔US corridor.

Differentiator

Problem solved

Functional benefit

Products and services

• Cuenta Global (Global Account)

Quantifiable outcome

• Business grew from 9 to 217 monthly transactions and exceeded USD 1.4 million in monthly FX volume within 6 months
• +5 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

One partnership is on record.

• Airwallex US, LLCcoreTechnology or IntegrationAirwallex US, LLC (NMLS #1928093) is the licensed money transmitter providing payment services for Marco's U.S. clients. Airwallex enables Marco to offer digital payment account functionality and local payment rails within the United States.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Airwallex: Global multi-currency account, FX, and payments platform for businesses. Most direct peer: Marco actually partners with Airwallex US (NMLS #1928093) for U.S. payment rails, making them both competitor and infrastructure provider. Compete on multi-currency treasury for SMEs, but Airwallex has broader global coverage while Marco is corridor-specialized.
• Tribal Credit: Mexico- and LatAm-focused B2B fintech providing corporate cards and credit to SMEs. Closest peer in target customer (LatAm SMEs) and product (B2B credit + treasury). Tribal focuses on cards while Marco focuses on multi-currency accounts and revolving credit, but both target underserved LatAm SMEs with non-bureau underwriting.
• Jeeves: LatAm-focused fintech offering multi-currency business accounts, corporate cards, and credit to SMEs in Mexico, Colombia, Brazil, and other LatAm markets. Directly comparable in customer segment (LatAm SMEs), geography (Mexico-heavy), and core product (multi-currency treasury + credit). Different focus area (broader LatAm vs. MX↔US corridor).
• Clara: Mexico-based corporate spend management platform offering corporate cards, payments, and expense management to Mexican businesses. Comparable customer segment (Mexican SMEs) and adjacent product surface (B2B financial platform), though Clara is more spend-management focused than cross-border trade finance.

Broad incumbents

• Brex: U.S.-headquartered corporate card and financial platform serving startups and mid-market companies globally, including in LatAm. Competes in the B2B financial platform category with broader product breadth but less corridor specialization than Marco. Larger balance sheet and brand.
• dLocal: Cross-border payments platform enabling global merchants to accept and pay out in emerging markets including Mexico, Brazil, and across LatAm. Comparable LatAm cross-border infrastructure category but operates on the merchant side rather than the SME/importer side, and is far larger (publicly traded).
• Bitso: Mexico- and Argentina-headquartered crypto and remittance platform with significant business-to-business payments and treasury operations in LatAm. Comparable geographic and corridor focus, with broader product reach (crypto rails) and much larger scale.
• Ramp: U.S. corporate spend management platform offering cards, bill pay, and treasury automation to mid-market and enterprise. Comparable B2B financial platform category but U.S.-focused without Marco's LatAm cross-border specialization. Larger scale and recent capital base.

Emerging players

• Pomelo: LatAm fintech infrastructure provider offering cards, accounts, and credit-as-a-service for businesses operating in LatAm. Comparable product category (embedded finance for LatAm businesses) but positioned as infrastructure/B2B2C rather than direct SME-facing like Marco.
• Belvo: LatAm open banking and financial data API platform serving fintechs and financial institutions across Mexico, Brazil, Colombia, and beyond. Adjacent category — financial infrastructure for LatAm — but on the data/API layer rather than Marco's end-customer-facing financial operating system.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Marco_Financial

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds9 records

Investors23 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Marco