What Marqeta does: It provides a fintech platform for modern card issuing and payment processing, letting businesses create, issue, and manage payment cards through an open API. How its product works: Clients connect to Marqeta’s API to design card programs, issue cards, set rules (spend controls, funding, merchant restrictions), and process transactions; Marqeta handles the card network interactions, tokenization, settlement, and related services, earning fees per transaction and for setup or ongoing services. How it differs from competitors: It centers on a highly configurable API-driven platform that supports a wide range of card programs (expense management, disbursements, consumer payments) with fast onboarding and scalable infrastructure, rather than offering a single, fixed card product. What its goal is: To enable businesses to deploy flexible, scalable card programs quickly, expand digital payments, and become the go-to platform for card issuing and payment processing.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Oakland, California
Founded
2010
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