Maroo
Buy Now Pay Later solution for the $95B US weddings industry
- 1-20 employees
- Fintech
- B2B
- Personal finance
- Upper East Side, New York, NY
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Company mission
Our mission is to modernize money for the weddings world. Maroo is a technology company that builds financial infrastructure and services for the weddings industry. Couples and wedding businesses of every size trust and use Maroo to make payments more seamless, transparent, and simple.
Our take
Average wedding in the USA costs around $45,000 and millions of American couples are facing a difficult decision on how to pay for their big day. Currently 74% of couples are going into debt with credit cards or personal loans incurring high interest finance charges (18-35% APR).
To address this problem, Maroo offers payment plans from 0% APR up to 24 months for all wedding expenses. All transactions on the platform are protected with the event cancellation insurance. At the same time wedding professionals receive a full invoice amount at the moment of the couple's booking. Transparent pricing is an attractive option for consumers as they know upfront when and how much exactly they are going to pay.
Maroo is an early-stage startup that recently launched in the US and graduated from the Y Combinator S21 batch. Maroo's been growing 300% MoM since Apr'21. Most recently they secured a $10m debt facility from Sivo to support their issuance growth. There is nothing that stops the team from processing millions of GMV per month, and right now they are expanding their team to support that exponential growth.
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- Equity
- Monthly wellbeing allowance (gym, dinners, books, classes, etc)
- National holidays and paid leave
- Health insurance
Funding (2 rounds)
Sep 2021
$3m
SEED
Mar 2021
$0.9m
ANGEL
Total funding: $3.9m
This company has top investors
Leadership
Alexey Nikityuk
(CEO)Ten years of international finance career in P&G and GE (US, UK, FR, CN). Most recently headed Revolut FP&A dept and was part of core team raising $500m Series D round.
Anja Winikka
(CMO)Spent 13 years in New York at The Knot where Anja led the digital marketing and content teams and designed a series of education workshops and for wedding small business owners