MARLO (short for Maritime Loans) is the world’s first online lending marketplace for the global ocean freight industry. MARLO connects shipping companies looking for working capital, with investors looking to access an untapped, $100 Billion+ market.
Borrowers are typically small shipowners and operators looking to grow their business. Prequalified borrowers can apply for a loan in minutes and get funded in 48 hours. Investors can get access to a new and exciting asset class with $100 Billion+ of freight traded annually. Loans are provided on a single voyage basis, on the back of secured freight contracts with pre-vetted counterparties.
Loans range from $100,000-$300,000 with duration of 30-120 days at annual rates of 12%-18%. MARLO’s algorithm utilizes real-time data across 125 metrics to evaluate a voyage (including global freight rates, vessel positions, marine fuel prices, weather delays and macro-economic events) translating into a fast credit decision.
MARLO is headquartered in London, UK.