Maroo

@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.

@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)

@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.

@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.

@daniya_shumilkina hahaha thanks a lot Daniya! Appreciate that!

@maxim_volodin ;) main focus on customer satisfaction right now. Horns will follow after we have millions of happy couples ❤️

@maxim_volodin Thanks a lot for your feedback!

@steve_diaz It definitely is, Steve! We already helped dozens of couples to have a wedding they planned without compromises and overwhelming their bank accounts 🤗

@alexey_nikityuk it's very nice! So it works)))

@steve_diaz absolutely! We have happy couples who paid for their weddings with us!

@ogiberstein thanks a ton Oleg! Please do share about Maroo with your friends if someone is planning to get married, we can help them big time

@amine_skalli thanks Amine! Helping people make their dream wedding come true in a very financially responsible way!

@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

@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