Marqeta

Marqeta

Modern card issuing and payment processing solutions

About Marqeta

Simplify's Rating
Why Marqeta is rated
B+
Rated B on Competitive Edge
Rated B on Growth Potential
Rated A on Rating Differentiation

Industries

Fintech

Financial Services

Company Size

1,001-5,000

Company Stage

IPO

Total Funding

$526.5M

Headquarters

Oakland, California

Founded

2010

Overview

Company Historically Provides H1B Sponsorship

Marqeta provides modern card issuing and payment processing solutions in the fintech sector. Its platform allows businesses to create, issue, and manage payment cards tailored to their specific needs, such as expense management and consumer payments. The service operates through an open API, enabling clients to integrate Marqeta's capabilities into their own applications. This flexibility sets Marqeta apart from competitors, as it caters to a diverse range of clients, including financial institutions and tech companies. The company generates revenue primarily through transaction fees each time a card is used, along with potential setup and service fees. Marqeta's ability to quickly adapt to the growing demand for digital payments, especially during the COVID-19 pandemic, has contributed to its significant presence in the market.

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Simplify's Take

What believers are saying

  • Growing demand for BNPL solutions boosts Marqeta's market potential.
  • Embedded finance trend aligns with Marqeta's customizable payment solutions.
  • Proactive compliance strategies could give Marqeta a competitive edge.

What critics are saying

  • Class action lawsuit may harm Marqeta's reputation and finances.
  • Increased regulatory scrutiny could challenge Marqeta's compliance strategies.
  • EWA platform expansion may heighten competition for Marqeta.

What makes Marqeta unique

  • Marqeta's open API platform allows for highly customizable payment solutions.
  • The company operates in 40 countries, offering a global card issuing platform.
  • Marqeta's cloud-based infrastructure enables instant access to scalable payment systems.

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Funding

Total Funding

$526.5M

Above

Industry Average

Funded Over

7 Rounds

Notable Investors:
IPO funding comparison data is currently unavailable. We're working to provide this information soon!
IPO Funding Comparison
Coming Soon

Benefits

Medical, dental, & vision coverage

Flexible time off

Paid family leave

Pet insurance

401k match

Equity

Monthly stipends

Company recognition & awards

Employee Stock Purchase Program

Growth & Insights and Company News

Headcount

6 month growth

-1%

1 year growth

-1%

2 year growth

-1%
PYMNTS
Jan 24th, 2025
Fintech Ipo Index Gains 1.3% As Katapult And Sofi Lead Platforms Higher

The FinTech IPO Index’s momentum through the past week was carried by a slew of company-specific announcements and partnerships. Earnings season has yet to officially make a splash in the group, though Sezzle’s pre-announcement was a notable exception. The overall Index was up 1.3%. Katapult and SoFi Lead the Pack. Katapult continued to surge, adding 22% through the past five sessions, continuing a streak underpinned by the announcement of strong fourth-quarter originations

PYMNTS
Dec 27th, 2024
Platforms And Providers Expand With Earned Wage Access Acquisitions And Buildouts

Earned wage access (EWA) is expanding platforms, including the eCommerce and ridesharing mainstays that rely on drivers for deliveries and trips, and the FinTech providers that offer enterprises new financial capabilities. In some cases, letting users get an advance on their pay comes via acquisition, and in other cases, the move has been done through partnerships that build out the range of services accessible via the platforms. Demand for on-Demand Pay

GlobeNewswire
Dec 20th, 2024
Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Marqeta, Inc. (MQ)

Glancy Prongay & Murray LLP reminds investors of looming deadline in the Class action lawsuit against Marqeta, Inc. (MQ).

FF News
Dec 19th, 2024
Increased Regulation And Embedded Finance Predicted As The Top Fintech Trends For 2025 By Mambu And Partners

Leading Software as a Service (SaaS) cloud banking platform Mambu, has launched its annual Partner Predictions Report for 2025.The report identifies the top trends for 2025 including the increased adoption of AI, embedded finance, and real-time payments. The report also highlights other influential areas poised to reshape the financial landscape including emerging regulations, blockchain, and alternative lending.In collaboration with its global network of partners, Mambu has developed its Partner Predictions Report to highlight how banks, businesses, and financial institutions can navigate and thrive amidst transformative forces such as artificial intelligence, blockchain and regulation.Mambu’s annual Partner Predictions report shares insights from 23 experts across Mambu’s extensive partner ecosystem, including Deloitte, Backbase, Marqeta, and nCino. These industry leaders forecast trends alongside Mambu experts that are expected to influence the industry in 2025 and beyond. With both the EU AI Act and Digital Operational Resilience Act on the horizon, businesses looking to innovate using AI or expand into new regions should take a particular interest in how both the increased adoption of AI and new regulations could impact their business operations in the year ahead.“This year’s partner predictions report highlights the ever-growing need for banks and businesses alike to remain agile” says Anthony Nonnis, Senior Director of Partnerships at Mambu. “With trends such as embedded finance taking the financial services industry in its stride, remaining nimble and being able to adapt to growing regulations will be paramount. At Mambu, we look forward to these developments and supporting our customers to innovate with ease.Mambu continues to be at the forefront of innovation and growth in financial services, and this continues to be the case going into 2025

FF News
Dec 19th, 2024
2025 Ai And Compliance Predictions: How Ai Will Be Used And Regulated In Financial Services

We all know AI adoption will grow significantly in 2025 and that compliance is a major concern but how exactly it will be used is a little harder to predict. No one can know for sure but we’ve gathered some experts from the industry who know a thing or two about the technology.We’ve already covered a number of fintech and financial services predictions for 2025 in our bumper predictions piece that went out recently. In that, thoughts on AI included:“AI will become boring (and that’s a good thing)”“We’ll see more financial services institutions take advantage of the revenue-driving benefits of AI, beyond just boosting productivity.”“2025 will be a year of tempered optimism as we begin to see the cracks in the ‘magic’ promised by large language models.”But there’s more.We were fortunate enough to get in touch with the Chief Scientist, CEO and VP of Regulation at ThetaRay, who provided us with some further predictions to boot. We also gathered some additional thoughts from experts at Marqeta and Thunes to add to the conversation, and provided some further predictions at the end. For many fintech companies, AI is presenting real, positive solutions to some of the main challenges the financial industry faces, but it also means they know about standing up to scrutiny and complying with regulations.Here, our experts provide their top predictions for AI, compliance and regulation.Smaller, better, faster, smarter AIChief Scientist, ThetaRay, David Segev, on AI“AI will become smarter at understanding the world. Advanced models will combine more diverse types of data – like text, images, sounds and numerical data—to uncover connections, enhance overall understanding, and generate smarter, more relevant and accurate insights.” “We’ll see AI systems that can create content, evaluate its relevance, criticize, self-correct, and improve themselves without human intervention.” “Smaller, faster generative AI models will emerge, offering more accurate results with fewer errors.” “AI is evolving to be more autonomous and adaptive, and capable of responding to changes with little to no human input.”Strategic compliance is the way forwardCEO, ThetaRay, Peter Reynolds on Compliance.“Compliance leaders will shift from being gatekeepers to playing a strategic role in driving business growth and innovation.” “AI in financial crime compliance will evolve into intelligent systems that understand data in context, delivering more accurate results and smarter decision-making.” “CEOs will recognise AI-driven, cost-effective, and regulator-approved compliance as a critical differentiator in the market.” “Improved risk management and tailored strategies will allow businesses to foster deeper and more trusting relationships with their customers.”We also got some thoughts on compliance from Marqeta, Chief Compliance Officer, Alan Carlisle, who said:Proactive compliance strategies will lay the foundation for fintech in 2025“With banking and fintech partnerships under increasing regulatory scrutiny, the stakes around compliance have never been higher

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