Marqeta
Modern card issuing and payments platform.
Modern card issuing and payments platform.
Founded in Oakland in 2010, Marqeta is a leading card issuing platform that provides tools and infrastructure to help businesses create and manage payment programs. Marqeta's platform allows companies to issue physical, virtual, and tokenized cards without the need for a traditional bank. In addition to card issuing, the company offers payment processing and settlement, risk control, and open APIs, allowing third parties to develop and deploy payment products. An example use case is Instacart uses Marqeta to provide its shoppers with payment cards that are configured to purchase only specific items ordered from a single store within an allotted timeframe, functionality that has all but eliminated shopper fraud.
Status
Exited
Sector
FinTech
Year invested
2020
Headquarters
Oakland, CA