Locations
United Kingdom · London, UK · Kings Cross, London, UK · Mile End, London, UK · Kingston Vale, London SW15, UK
industry
Finance
Size
11-50 employees
Stage
Seed
founded in
2018
Marlo (short for “Maritime Loans”) was founded by a group of entrepreneurs with backgrounds in shipping, banking, and risk management. The idea to create a lending marketplace for maritime was born out of a desire to help small shipping companies raise capital efficiently through technology. With the tightening of regulations, banks have dramatically scaled back funding to the maritime sector. However, despite its size and history, shipping has always been looked at as an esoteric asset class by institutional investors, resulting in mispricing of risk and the infamous label, “lender of last resort.” Increasing compliance requirements also mandate that lenders have to be ever more vigilant on who they are doing business with. Our objectives: Provide a data-driven approach to evaluate credit risk in shipping. Help small and medium-sized shipping companies improve their visibility to the global lending community. Create a platform for lenders to identify good credits in shipping.
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