Full-Time
Posted on 10/31/2024
Card issuing and payment processing solutions
Senior, Expert
Company Historically Provides H1B Sponsorship
London, UK + 1 more
More locations: Remote in UK
Role can be performed remotely anywhere within the UK or from the London office.
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.
Company Size
1,001-5,000
Company Stage
IPO
Total Funding
$526.5M
Headquarters
Oakland, California
Founded
2010
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Medical, dental, & vision coverage
Flexible time off
Paid family leave
Pet insurance
401k match
Equity
Monthly stipends
Company recognition & awards
Employee Stock Purchase Program
Digital bank and FinTech company Green Dot said Monday (March 10) that it made a leadership transition and engaged Citi to explore strategic alternatives.Effective Friday (March 7), the company appointed its chairperson of the board, William I Jacobs, to also serve as interim CEO of Green Dot, and its chief revenue officer, Chris Ruppel, to also serve as interim president of Green Dot and interim CEO and president of Green Dot Bank, the company said in a Monday press release.They succeed George Gresham, who stopped serving as CEO and president of Green Dot and Green Dot Bank and as a member of the company’s board of directors, effective Friday, the release said.Jacobs has served as chairperson of the board since June 2016 and previously served as interim CEO from January 2020 through March 2020, per the release.Ruppel has served as chief revenue officer since November 2022.Of the strategic alternatives announced Monday along with the leadership transition, the press release said: “No assurances can be given as to the outcome or timing of the strategic review process, and Green Dot does not intend to make any further public comment regarding the process until it determines that disclosure is appropriate.”Green Dot said in a February earnings release that it saw a 3% decline in its full year adjusted EBITDA in 2024 and expected to see a 9% decline in its full year adjusted EBITDA in 2025.“We delivered fourth quarter results in line with our expectations and observed another quarter of revenue and earnings growth, while achieving an increase in active accounts for the first time in over three years,” Green Dot Chief Financial Officer Jess Unruh said in the Feb. 27 release. “Though our 2025 guidance indicates a decline in adjusted EBITDA, this is primarily due to continued headwinds in our Consumer Services segment. Nevertheless, I remain optimistic about the potential for continued growth in our B2B and Money Movement segments, which are integral to our embedded finance strategy.”Also in February, Green Dot and Marqeta announced a partnership that enables Marqeta customers and their users to make cash deposits at Green Dot’s network of more than 95,000 locations across the U.S
Card-issuing platform Marqeta has become the issuer processor for Spendesk Financial Services (SFS) in Europe. “Expense management and procurement solutions are vital for medium-sized businesses looking to increase financial control, achieve consistent growth, and improve cash flow,” Stephane Dehaies, CEO of Spendesk Financial Services, said in a Monday (March 10) news release. “Marqeta’s open API platform is the perfect fit for our business, and will support us as we continue to lead the industry with innovative, end-to-end spend management solutions, providing businesses with greater visibility and control, even as they scale.”
March’s dawn brings with it the last vestiges of earnings season — and for the FinTech IPO Index, key headlines were focused on quarterly reports and a few announcements of partnerships. So: It wasn’t all about tariffs this past week. Earnings Continue to Roll In
The surge in virtual card issuance — and the linking of banks, FinTechs, enterprises and brands to get those cards out into the market for daily use — speaks volumes to how those cards are helping to form new commerce ecosystems for consumers and businesses. The purely digital flow, from card design to issuance to use, underpins new payment experiences. For the banks and the brands launching card products, the platform approach shortens the time to market to introduce, say, a BNPL card or a B2B-focused instrument that tailors spend management across a supply chain. The continued embrace of credentials and program management through which platforms manage compliance and risk remains a growth engine for the enablers, as cards and credentials are delivered in real time
Marqeta customers and their users can now make cash deposits at Green Dot’s network of more than 95,000 locations across the U.S. This capability comes from a new partnership between Marqeta, whose platform enables businesses to embed financial services into their branded experience, and Green Dot, whose network offers cash-in and cash-out services at Walmart, Walgreens, 7-Eleven, CVS and other retail locations, the companies said in a Friday (Feb. 28) press release. The partnership will facilitate Marqeta’s cash load offering, according to the release