Company Overview
Marqeta is the global standard for modern card issuing, providing forward thinking enterprises the most advanced infrastructure and tools for building highly configurable payment cards. With its open API, the Marqeta platform is designed for innovators who want a simplified way of managing payment programs so that they can create world-class experiences and power new modes of commerce.
Founded in 2010, Marqeta is the first new card issuer processing platform built in a decade. Prior to Marqeta, companies who needed a card product to support their business struggled with a lack of options, slow time-to-market, and inability to iterate. Marqeta’s open APIs expedite the introduction of new physical, virtual, or tokenized payment cards helping companies deliver better customer experiences and business outcomes faster in a more mobile and connected economy.
Marqeta is headquartered in Oakland, California and backed by tier-1 investors, including; ICONIQ Capital, Goldman Sachs, Visa, IA Capital Group, Commerce Ventures & 83North.
3FORTY3 Executive Search
Searches Completed: Chief Marketing Officer
Market Opportunity:
Never before has the importance of technology been greater in financial services. Competition from fintech firms and big tech giants, increased expectations from the consumer, and new innovations connecting data to digital delivery are requiring tech-commerce companies, banks and credit unions to embrace new technologies in order to build winning strategies. In this new era of banking and finance, companies need to be innovative about how they solve complex problems for an increasingly diverse set of
customer preferences.
With Marqeta’s API / platform, Companies can now quickly issue debit cards, authorize transactions and set the criteria for accepting payments seamlessly without having to separately solicit relationships with a card network (like Visa), a bank, a transaction processor and a plastic card manufacturer. Like Visa and Mastercard, Marqeta revenue comes from taking a small cut of every transaction on its platform. Marqeta serves a highly diverse base of industries across; lending, delivery, e-commerce, travel and digital banking and is trusted by customers such as; Square, Affirm, Kabbage, Alipay, and Doordash among many others. Geo expansion is also underway in EMEA and APAC and Marqeta is working with digital-first “challenger banks” in both regions; As Marqeta has moved from challenger to leader in a massive global market ($40T+), their revenues have continued to multiply, doubling YOY for the passed three years and recently crested $150M.
