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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.
42% female employees
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
Company values
- Transparency
- Inclusiveness
- Accountability
- Ambition
- Dedication
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
Diversity, Equity & Inclusion at Maroo
Alexey Nikityuk (Founder & CEO)
- I want to make sure at Maroo we have people with different perspectives and life experiences. I am personally committed to increase our gender and racial diversity on the team.
Articles
Endorsements
All
My opinions are valued (2)
Career progression (1)
Nice people (1)
Intelligent people (1)
Open and honest communication (1)
Supportive management (1)
Flexible working (1)
Team energy (1)
Family friendly (1)
Innovative product (1)
Revolution product. We gives people what they need in wading industry. Super payment system
Software Engineering
Innovative product
Nov 2021
Maroo gave me what I need in this moment. Good salary, family team, benefits. Maroo helps me with registration as self employed, because in Russia you need it for gets money from outer employer.
Software Engineering
Family friendly
Nov 2021
Very strong and knowledge team of around the world.
Software Engineering
Career progression
Nov 2021
At Maroo, all of the communication is managed on Slack and the general company updates / projects are always accessible via Notion. I appreciate the ability to reach out to my team members anytime and stay in the loop on company updates on a daily basis. Participation is always welcomed and encouraged. Our team meetings are goal focused and truly bring the team together to align.
Product
Open and honest communication
Nov 2021
A fantastic team with great leadership! The co-founders Anja and Alexey are always encouraging and are always finding ways to help the team achieve their goals. Their hard work is inspiring and keeps the team truly motivated.
Product
Supportive management
Nov 2021
At Maroo, every opinion counts! I am always asked to provide feedback and my thoughts and perspective are truly valued by every member of the team. I feel accountable and appreciated for my work and have had incredible success working with the team to bring ideas to life, because of the respect amongst the team.
Product
My opinions are valued
Nov 2021
Maroo has such a great team! Everyone is very friendly and always ready to help you. It's a pleasure to work with these people!
Software Engineering
Nice people
Sep 2021
Having flextime and remote work is super convinient for me. I love that Maroo gives the opportunity to manage your time by yourself.
Software Engineering
Flexible working
Sep 2021
I love Maroo mission to help couples to pay smartly for their wedding, and I'm happy I joined them to make great things together.
Software Engineering
Inspiring mission
Sep 2021
I'm surrounded by experts in different areas. Anytime I can get any information I need for work.
Software Engineering
Intelligent people
Sep 2021
My suggestions and ideas always discusses. I can get feedback from any member of the team. I feel I can influence to the work process.
Software Engineering
My opinions are valued
Sep 2021
The energy of team is impressed. All of us are excited to work for the company goals. I'm confident there will be more pleasant discoveries and achievements.
Software Engineering
Team energy
Sep 2021