Marqeta

Company

Investment-firm

Last deal

Amount

Post-IPO Equity

Stage

09.06.2021

Date

3

all rounds

$530.11M

Total amount

Financing round

General

About Company
Marqeta is a card issuing platform that provides infrastructure and tools to help companies build and manage payment programs.

Industry

Sector :

Subsector :

Keywords :

founded date

01.01.2010

Number of employees

Company Type

For Profit

Last funding type

Post-IPO Equity

IPO status

Private

Description

Headquartered in Oakland, California, Marqeta offers a card-issuing platform that enables clients to offer digital, physical, and tokenized payment options without the need for a traditional bank. Marqeta's open APIs allow third parties to develop and deploy innovative card-based products and payment services without the need to develop the underlying technology. The company generates revenue primarily through processing and ATM fees for cards issued on its platform. Marqeta operates globally in the US, UK, EU, Canada and the APAC region, and has partnerships with multiple banks and card networks including Visa, Mastercard & Discover.
Contacts
Legal Names

Legal name

Marqeta, Inc.
Similar Companies
1000
NymCard

NymCard

NymCard is a payment platform that offers state-of-the-art infrastructure to banks and financial institutions in Africa and the Middle East.

Sector

Industrial Support Services

Subsector

Transaction Processing Services

Keywords

Financial Services, FinTech, Mobile Payments

Location

Abu Dhabi - United Arab Emirates

total rounds

10

total raised

$58.6M
Verrency

Verrency

Verrency is a financial technology platform that provides an Open-API based 'Innovation-as-a-Service' Platform to Card Issuers.

Sector

Industrial Support Services

Subsector

Transaction Processing Services

Keywords

FinTech, Financial Services, Finance

Location

Dandenong Rd, Melbourne VIC, Australia

total rounds

4

total raised

$14.56M
Episode Six

Episode Six

Episode Six offers a cloud-based financial platform that enables companies to digitize their payment systems via over 550 APIs.

Sector

Industrial Support Services

Subsector

Transaction Processing Services

Location

Austin, TX, USA

total rounds

5

total raised

$90M
I2c

I2c

i2c Inc. is a global processor of payment and open banking solutions.

Sector

Industrial Support Services

Subsector

Transaction Processing Services

Keywords

Mobile Payments, Financial Services, FinTech

Location

Redwood Shores, Redwood City, CA, USA

Financials

Funding Rounds
15
3

Number of Funding Rounds

$530.11M

Money Raised

Their latest funding was raised on 09.06.2021. Their latest round Post-IPO Equity

Date 
Funding Round 
Investors 
Money Raised 
Lead 
09.06.2021
23.04.2021
2
$2.11M
05.02.2021
1
Investments
7
Date 
name 
Lead 
type 
Raised 
25.10.2022
No
$110M
10.12.2021
No
$34M
09.12.2021
Yes
$20M
ConnexPay

ConnexPay

ConnexPay revolutionizes payment acceptance and issuance for Travel and E-commerce providers acting as intermediaries.

Sector

Industrial Support Services

Subsector

Transaction Processing Services

Location

St Paul, MN, USA

total rounds

7

total raised

$145.1M
Paycast

Paycast

Paycast is a secure payments engine for online merchants and marketplaces.

Sector

Industrial Support Services

Subsector

Transaction Processing Services

Location

London, UK

total rounds

1

total raised

$34M
ConnexPay

ConnexPay

ConnexPay revolutionizes payment acceptance and issuance for Travel and E-commerce providers acting as intermediaries.

Sector

Industrial Support Services

Subsector

Transaction Processing Services

Location

St Paul, MN, USA

total rounds

7

total raised

$145.1M
Co-Investors
Investors
27
4

Number of lead investors

27

Number of investors

Investor 
Lead 
Round 
Partners 
No
Private Equity, Series E
No
Series D
Visa

Visa

Visa is a global payments technology company connecting consumers, businesses, and governments.

Sector

Industrial Support Services

Subsector

Transaction Processing Services

Keywords

Financial Services, Transaction Processing, Payments

Location

San Francisco, CA, USA

total rounds

1

count Of Investments

107

count Of Exists

21
GoldenArc Capital

GoldenArc Capital

GoldenArc is a Silicon Valley investment firm that focuses on VC Growth Equity & Late Stage investments.

Sector

Investment Banking and Brokerage Services

Subsector

Asset Managers and Custodians

Keywords

Venture Capital, Financial Services, Finance

Location

Palo Alto, CA, USA

count Of Investments

18

count Of Exists

2
CE Innovation Capital

CE Innovation Capital

CreditEase Fintech Investment Fund is a venture capital firm investing in global FinTech companies.

Sector

Closed End Investments

Subsector

Closed End Investments

Keywords

Financial Services, FinTech, Finance

Location

Beijing, China

count Of Investments

71

count Of Exists

6
Acquisitions
1
Acquiree Name 
Date 
Price 
Acquisition Name 
Power Finance acquired by Marqeta

Power Finance acquired by Marqeta

acquirer

Marqeta
Marqeta

date

30.01.2023

type

Acquisition

price

$275M
Power Finance

Power Finance

Power is the first credit card issuer built on modern tech, from the ground up.

Sector

Industrial Support Services

Subsector

Transaction Processing Services

Keywords

Financial Services

Location

New York, NY, USA

total rounds

2

total raised

$316.1M

People

Founders
1
Jason Gardner
Jason Gardner

Jason Gardner

Jason Gardner is the founder and chief executive officer of Marqeta, Inc. Under his leadership Marqeta has defined the global standard for modern card issuing, developing an industry-leading issuer processor platform that now powers the world’s most innovative companies. Prior to Marqeta, Jason co-founded PropertyBridge, which became the leading rent and lease-related payment and transaction integration platform for multifamily real estate. PropertyBridge was acquired by MoneyGram International (MGI) in 2007. Before PropertyBridge he founded Vertical Think, an IT management company that worked with start-ups and larger organizations. Jason grew up in New Jersey where he had numerous businesses that included making and selling tie-dyed T-shirts. He was a G.O. at Club Med in Paradise Island, Bahamas and a constituent liaison for Senator John McCain in Arizona, primarily working as a contact between McCain’s constituents and the Armed Services and IRS. After attending Arizona State University Jason made it to California where he began to pursue his passion for technology. Jason holds a Bachelor of Arts degree in Political Science from the Arizona State University.

current job

Marqeta
Marqeta

count Of Investments

6

Jason Gardner

Employee Profiles
195
Mike Milotich

Mike Milotich

CFO

Sunaina Lobo

Sunaina Lobo

Chief Human Resources Officer

Scott Alexander

Scott Alexander

Engineering Manager

Jacob Pilgrim

Senior software engineer

Jeremy Mah

Technical implementation lead

Thomas Yeung

Senior revenue accountant

Tyler Walson

Senior product marketing manager

Michael Grabianowski

Swe - production experience

Activity

Recent News
47
News Timeline

The graph reveals the ratio (%) of positive news articles in a chosen time range

week