finance articles 2019

Marco Secures $12M in Series A Funding to Revolutionize LatAm SME Trade Finance

Posted on September 5, 2024November 29, 2024 by arijoeam

Since launching in 2020, Marco has surpassed $540M in cumulative volume funded, across 63k+ receivables and against 1,700+ primarily investment-grade debtors

MIAMI, March 19, 2024 /PRNewswire/ — Marco, the trade finance platform catering to the needs of SME exporters in Latin Americahas announced the successful closure of a $12 million Series A funding round. The round was led by IDC Ventures, with additional participation from IDB Lab (the innovation and venture laboratory of the Inter-American Development Bank Group), Barn Invest, SquareOne Capital, Arcadia Funds, Florida Funders, Miami Angels, Kayyak Ventures, and Neer Ventures, among others.

Founded in 2020

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New inflation reading ‘along the lines of what we want to see’: Fed’s Powell

Posted on August 31, 2024 by arijoeam

Federal Reserve Chair Jerome Powell said that a new inflation report released Friday was “along the lines of what we want to see,” sticking to an assertion that inflation is still on a “bumpy path” to the central bank’s goal of 2%.

“It’s not as low as most of the good readings we got in the second half of last year, but it’s definitely more along the lines of what we want to see,” Powell said during a question-and-answer session at a San Francisco Federal Reserve conferences.

Powell was referring to new data released earlier Friday showing a slight cooling

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Trump’s social media company, trading under DJT, soars on first day

Posted on August 29, 2024 by arijoeam

Donald Trump’s first day back on the public markets was a wild ride.

Shares of Trump Media & Technology Group (DJT), the parent company of Trump’s social media platform Truth Social, rose 16% on Tuesday during the stock’s first day of trading under its new ticker. Earlier in Tuesday’s session, the stock rose as much as 50%.

The company merged with special purpose vehicle Digital World Acquisition Corp. (DWAC) in a deal approved by shareholders last week. Prior to the merger, DWAC has been on the public market since 2021.

At Tuesday’s closing price of $57.99, Trump Media had a

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