Marqeta (MQ) is a publicly traded Payment Infrastructure company founded in 2010 and based in Oakland, United States.
| Date | Stage | Amount | Valuation | Lead investors |
|---|---|---|---|---|
| Jun 9, 2021 | IPO | $1.2B | $16B | — |
| Oct 8, 2020 | Convertible | — | — |
| Mastercard |
| May 1, 2020 | Growth | $150M | $4.3B | — |
| May 21, 2019 | Series E | $260M | $4.3B | Coatue Management |
| Jun 5, 2018 | Series D | $45M | $545M | ICONIQ Capital |
| Jun 1, 2017 | Undisclosed | $25M | — | Visa |
| Oct 27, 2015 | Series C | $25M | — | IA Capital Group, CommerzVentures |
| May 16, 2013 | Series B | $14M | $107M | Greylock IL, Granite Ventures |
| Jun 10, 2011 | Series A | $7M | — | 83North |
Marqeta's core open-API platform that enables businesses to design, issue, and manage custom physical and virtual payment card programs. It provides real-time programmable transaction controls, tokenization, and direct network connectivity with Mastercard and Visa. Companies like Square, DoorDash, and Affirm use it to embed card issuing directly into their products, differentiating through instant authorization decisions, granular spend controls, and flexible card product configurations that legacy processors cannot match.
A buy now, pay later (BNPL) solution that lets merchants and lenders offer installment loans at the point of sale through existing card networks. Marqeta Flex expands BNPL distribution by enabling consumers to choose flexible payment options on any card-accepting merchant, combining the ubiquity of card payments with the flexibility of installment credit. It provides lenders with a modern infrastructure to originate and manage loan programs with real-time risk controls.
A modular banking-as-a-service solution that provides deposit account and money movement capabilities integrated with Marqeta's card issuing platform. It enables fintechs, neobanks, and enterprises to offer FDIC-insured deposit accounts, ACH transfers, wire transfers, and real-time payments alongside card programs through a single API integration, reducing the complexity of working with multiple banking partners.
A suite of APIs and tools for building modern credit card programs with features like real-time credit decisioning, digital card issuance, dynamic credit limits, and installment options. It allows issuers to launch credit products faster than traditional processors by abstracting away legacy credit infrastructure complexities and providing programmable controls for underwriting, fraud management, and rewards configuration.
7 patents on file, but none with both an extractable figure and an abstract on Google Patents yet.