In the dynamic landscape of global commerce, staffing companies play a pivotal role. They bridge the gap between talent and opportunity, ensuring that businesses have the right people in the right positions. However, behind the scenes, these staffing firms face their own set of challenges—chief among them, managing cash flow effectively.
That’s where Marco, the fintech startup revolutionizing trade financing, stands out as the perfect partner. With its innovative factoring solution, companies can achieve their commercial goals without risking their operations. Even though Marco’s primary focus is on SME exporters across Latin and North America, the company defines itself as industry-agnostic, helping all kinds of businesses with their financial needs.
Recently, Marco approved factoring lines for three prominent Canadian staffing companies. These businesses were seeking a fast and trustworthy solution, and Marco was able to fulfill their needs, enabling them to scale their operations. In fact, due to the excellent results projected in the first few months, one of these companies requested an increase in their facility from $500,000 to $1,100,000 which Marco promptly approved.
“We were in search of a reliable financial partner to support our rapid growth and Marco exceeded our expectations,” a representative from the Canadian enterprise added. “Their factoring solution was exactly what we needed to manage our cash flow effectively. Within just a few months, the impact on our business was so positive that we requested an increase in our facility and Marco made it happen seamlessly. Their support has been instrumental in helping us scale and meet the growing demands of our clients."
“We are pleased to continually help our clients grow,” said EVP & Senior Managing Director at Marco, Barry Kastner. “Our staffing client has utilized our credit facility to scale their business and we look forward to continuing the growing relationship”.
With Marco's support, staffing companies can navigate financial challenges with confidence, focusing on what they do best—connecting talent with opportunity.
Marco closed its series A funding round this year, as it looks to narrow the trade finance gap for SMEs in North and Latin America. Marco is a full-stack fintech company, co-founded by CEO Jacob Shoihet and COO Peter Spradling in 2020. With over 50 employees and headquartered in Miami with offices in New York and Montevideo, Uruguay, Marco is at the forefront of fintech innovation, specializing in providing comprehensive trade financing solutions. The company leverages advanced technology to offer tailored financial services that meet the diverse needs of small and medium-sized enterprises (SMEs) worldwide. By focusing on efficiency and customer-centric solutions, Marco continues to enable businesses to achieve significant growth and operational success. For more information visit www.marcofi.com