Marqeta is a payment processing company that provides access to a developer-friendly Issuer Processor API for commerce innovators.
Marqeta has re-engineered how payment cards, virtual cards and mobile authorization products should be developed and deployed.
Marqeta was founded in 2010 by Jason Gardner. The company is based in Oakland, California with an additional office in London, United Kingdom.
Marqeta’s payment card platform is inspiring and accelerating new possibilities for the world’s most innovative companies.
The Marqeta Platform, built from the ground up with no legacy infrastructure, provides the world’s first fully documented, open API issuer processor platform. Companies can build, issue and deploy innovative payment, finance and commerce solutions with enormous control over what, where, and how purchases are authorized.
Marqeta’s open API platform is designed for developers who want a simplified way of managing payment programs so they can create world-class experiences, innovate, and power new modes of commerce.
The Marqeta Platform integrates with Visa, MasterCard and Discover and makes it easier than ever to make payments, receive payments, reward customers and create more efficient business processes.
Marqeta is backed by Granite Ventures, Iconiq, Goldman Sachs, Capital Group, Visa, Coatue Management, Greyhound Capital, Max Levchin, CommerzVentures, 83North and others. The company raised $150M in private equity funding on May 28, 2020. This brings Marqueta's total funding to $528.1M to date.
Marqeta has received a staggering $4.3B valuation from its newest funding round on May 28, 2020. The company was last valued at $2B from its Series E post-money on May 21, 2019.
Marqeta was Named to 2019 Forbes Fintech 50 List. It was also named “Best Fintech Startup” in Prestigious 2019 FinTech Breakthrough Awards.