Maroo

Business management platform for creative businesses

6 followers

Business management platform for creative businesses

6 followers

•

•

Maroo (YC S21) is a business management platform for creative businesses in the United States. We are bringing cutting-edge fintech tools into the previously overlooked vertical, offering modern invoicing and payments solutions, custom business workflow support, accounting, and tax integrations. Most importantly, Maroo allows businesses to accept payments with no processing fees by seamlessly passing them onto the client while providing them with flexibility of the preferred payment method.

Free

Launch tags:Fintech

Launch Team / Built With

Framer AI AgentsDesign and publish professional sites with AI

Promoted

Congrats on the launch! It looks quite useful for people who don't want to go bankrupt for organizing a nice wedding, but I'm not completely sure I understood how the payment method works. Could you please talk me through it?

Report

5yr ago

Maroo

Maker

@rubenwolff Absolutely Ruben! You want to book a wedding venue which costs $12,000. They will require you to put down 6,000 deposit on the spot and then pay the rest couple of weeks prior to wedding day. With us, we break down 12k into equal 1,000/mo payments, so no large deposit needed. In addition, our transactions carry embedded insurance in case of event cancellation. And lastly for all couples who process transactions with us, we offer 12 free coaching sessions with Certified Financial Planners

Report

5yr ago

Maroo

Maker

@rubenwolff In terms of payment itself, its a direct debit from your account + we are sending reminders along the way. In addition, if at any point in time you will need to update your bank account, you can easily do that as well

Report

5yr ago

Maroo

Maker

We are Alexey, Anja and Andrei, and we are building Maroo, the smartest way to pay for your wedding. There are ~2.1m weddings in the US every year. With an average all-in wedding cost of ~$40,000 it is no surprise that 74% of couples go into debt in order to pay for their wedding expenses. Moreover, the typical personal loan or corporate card rates range from 15%-35% APR. At Maroo, we believe there is a better way to start your married life rather than going into a pile of credit debt. So we built a new payment method where couples can break their wedding expenses from 0% APR up to 24 months while wedding professionals receive their full contract amount within 1 business day and solve the problem of invoicing and collections. We used to work at Revolut and The Knot and bring a unique blend of expertise that lands itself well to building a wedding fintech product! We have already helped a dozen couples to have the wedding they had in mind without overwhelming their bank accounts. We are building Maroo because we know we can make a real difference in the lives of millions of American couples as they navigate paying for their weddings. Share your thoughts in the comments below 👇

Report

5yr ago

@alexey_nikityuk “With an average all-in wedding cost of ~$40,000 it is no surprise that 74% of couples go into debt in order to pay for their wedding expenses. … At Maroo, we believe there is a better way to start your married life rather than going into a pile of credit debt.” Yes, the “better way” is to not pay ~$40,000 to get married! Not to give people loans so they can impress relatives they don’t even like! I understand the appeal of making money off of people’s unreasonable desires but I don’t find it ethical to encourage this sort of spending.

Report

5yr ago

Maroo

Maker

@anna_0x Hi Anna! Thank you very much for your comment and our entire team is 100% on your side. We are not promoting consumerism at all. Even more, in most of cases, our credit limits are below couple's expectations because our credit assessment algorithm is NOT AIMED to offer the couple another $50,000 loan so they are not able to repay it back, and then charge 30% APR for the next 2 years, making the financial situation for the family even worse. What we do is actually the opposite: we look at couples' financials, analyze how much they were able to comfortably save over the previous few months, and then we upfront their future cash flows to today, paying on their behalf to the vendors. Because if you think about it, in the current environment, if a couple wants to splurge on their weddings, they still do so (as you pointed yourself). But without Maroo, they are facing 18-35% APR from credit card interest or people take personal loans. Also, in addition to our product for all couples who used Maroo, we offer 12 free coaching sessions with Certified Financial Planners helping them to start their married life on a right foot, understand various tax implications of being a new family, what joint accounts are and how to operate with them, how to buy houses, etc. Hope that helped to answer your concerns (which we 100% share on our end)

Report

5yr ago

@alexey_nikityuk So cool to include sessions with CFPs, definitely see the value in that! Ultimately people want to include large groups of people and want the picturesque fancy wedding, so a change in the culture toward a more relaxed, inexpensive wedding doesn't seem to be on its way! Good to have an option in the meantime.

Report

5yr ago

Maroo

Maker

@ariel_wajnrajch thanks Ariel! Exactly as you said, our goal is to help young couple to start their married life on a right foot financially and we are doing this in a few ways one of which is interest-free installment plan on core wedding expenses and another is educational component as money-talk is super difficult, awkward and sensitive. We try to help couples to facilitate these conversations, and give some initial guidance so money will stop being a number 3 and 5 reason for divorces.

Report

5yr ago

Do you have any options for someone to white label your financing or offer your financing to end customers?

Report

5yr ago

Maroo

Maker

@michael_pen sure thing and we already successfully integrated Maroo into business workflows of few of our first B2B customers🙌

Report

5yr ago

Congrats on the launch ?makers I have so many friends getting engaged right now and this looks superrrr helpful! I will share and see what they think!

Report

5yr ago

Maroo

Maker

@justinchitla Thanks a Justin!!! Sign up and please do let us know any feedback or initial reactions. WE will be delighted to have you as our client

Report

5yr ago

Hi, guys! Really interesting product! I wish I could use this when I married 7 years ago. Cool reason to marry my husband again or to celebrate our happiest marriage! Wish you success!

Report

5yr ago

Maroo

Maker

@daniya_shumilkina hahaha thanks a lot Daniya! Appreciate that!

Report

5yr ago

Tell me are you Russian? Usually Russians prefer to do lavish weddings and they need a lot of money for this. But it's stupid to start a family life with a loan for a wedding. I recently got married myself and my wife and I decided that it would be easier for us to make a modest ceremony. I ordered my wedding suit from Gentleman's Guru online store. My wife got her wedding dress from her grandmother and she was beautiful in it. And the money that we managed to save, we spent on buying a house. As a result, we had a wonderful family celebration, we have our own house and there are no loans.

Report

5yr ago

Renderfy

Sounds like a simple process for users. Why wouldn't they just approach an agency directly? Besides money being the reason, what are other reasons? Also, can wedding planners/designers join this platform?

Report

4yr ago

1 2 3

•••

Pros

Cons

Reviews