There are ~2.1m weddings in the United States every year with an average all-in wedding cost of $40,000. So, it may come as no surprise that 74% of couples go into high-interest credit card debt paying for their weddings. Add to that, debt and overspending are two of the top five reasons marriages end in divorce. At Maroo, we believe there is a better way to start your married life rather than going into a pile of credit card debt. With Maroo, couples can now pay for their weddings with interest-free installments instead of all up front.
At the same time, the wedding service providers that power the industry are able to receive the full contracted amount within one business day of the couple's booking––solving the problems of seasonal cashflow, invoicing, and collections. The entire transaction is protected with wedding cancellation insurance.
Over the past six months, our team has built a brand-new payment method where wedding professionals can easily integrate Maroo into their sales process and offer their couples the option to split their wedding expenses into predictable monthly payments, from 0% APR up to 24 months.
Our team brings together the unique combination of finance, weddings and technology, providing us a real advantage as we revolutionize wedding payments for the industry. We are building Maroo because we believe that we can help millions of couples stay out of long-term, high-interest debt as they navigate paying for their weddings.
Our team brings together the unique combination of finance, weddings and technology, providing us a real advantage as we revolutionize wedding payments for the industry. We are building Maroo because we believe that we can help millions of couples stay out of long-term, high-interest debt as they navigate paying for their weddings.
We’re extremely grateful for the support of our investors and our outstanding team that has helped us on this journey.
If you are interested in helping shape the future of wedding fintech, please reach out to us or review current opportunities at Maroo.
