Marqeta

Valuation $30B

About Marqeta

Marqeta is a card issuing platform that provides infrastructure and tools to help companies build and manage payment programs.
Headquarters Marqeta, Oakland
Founded 2010-01-01
Industry Credit Cards, Cryptocurrency, Debit Cards, FinTech, Payments
Last Funding Type Post Ipo Equity
Valuation 30
Total Funding $530.11 million dollars
IPO Status Public

Financial

Marqeta reported several growth metrics in recent news. The company announced a global expansion of its Uber Eats partnership into eight markets. Marqeta also exceeded $1 billion in single-day total processing volume, indicating a new era of scale for the company. Additionally, Marqeta opened a new office in Poland, further expanding its European footprint. The company reported full-year 2023 earnings with revenues beating expectations and EPS in line. Marqeta also partnered with OakNorth to offer commercial cards in the UK, addressing the growing demand for better banking tools among small and medium-sized businesses.

Marqeta is advancing in the field of card-based payment systems, focusing on real-time transaction processing and security. They are developing methods for cached balance inspection and dynamically assigning card account parameters. Their research includes parallel processing in transaction protocols and enhancing transaction security through delegated decisions. Additionally, Marqeta is working on extracting transaction data using unique messaging accounts and managing cryptographic key lifecycles. These efforts highlight Marqeta's commitment to improving payment program infrastructure and security.

Funding Rounds 16
Number of Lead Investors 8
Total Funding Amount  $530.11 million dollars
Number of Investors 32

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