Marqeta

paymentssoftware/whitelabel/apis-payments

FOUNDING YEAR: 2010
LOCATION:
Last Update: 03/07/2020

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About

Marqeta provides RESTful APIs that enable developers to set up and define new payment cards and rules in real time. It also allows other applications from processing and program management to multi-merchant commerce, dynamic spend controls for both B2B, and consumer use cases. Recently, Marqeta was selected for the 2019 Forbes FinTech 50 startups list.

Focus

PRODUCTS & SERVICES

Processing & program management, multi merchant commerce, API devlopers, and loyalty cards.

REVENUE MODEL

The company earns money by charging merchants 5–10% of the transactions depending on volume.

MAIN CLIENTS

Facebook

Oink

and eBay Now.

EXISTING PARTNERSHIPS

Affirm

DoorDash

Hyperwallet

and Kabbage.

PRIMARY PROBLEM SOLVED

Bypassing the limitations of legacy payments infrastructure, Marqeta has built turnkey solutions (including the world's first issuer processing Open API) to offer new capabilities to merchants & program managers. Many of these new capabilities either are not being offered by traditional players, or require tremendous amounts of programming and development work for implementation.

Traction

VALUATION / MARKET CAP:

$545 M in 2018

VALUATION COMMENT:

According to third-party data sources, the company's valuation is at $545 million. (June 2018)

REVENUE COMMENT:

Marqeta has doubled its revenue for three last years. (Feb. 2019)

People

FOUNDERS

Jason Gardner

BOARD MEMBERS AND ADVISORS

Osama Bedier

Christopher McKay

Andrew Lerner

Deepak Masand

Moshe Mor

NUMBER OF EMPLOYEES

201-500

INVESTORS:

83North

and Goldman Sachs.

Coatue Management

Coatue Management

Commerce Ventures

CommerzVentures GmbH

Goldman Sachs

Goldman Sachs

Granite Ventures

IA Capital Group

ICONIQ Capital

Max Levchin

Spark Capital

Spark Capital

Visa

Visa

Vitruvian Partners

Vitruvian Partners

COMMENT:

In 2004, Jason co-founded,served as President of PropertyBridge, which became the leading rent,lease-related payment platform for multifamily real estate. PropertyBridge gave renters multiple options for paying their rent,simplified the handling,reconciliation processes for property managers. MoneyGram International (MGI) acquired PropertyBridge,Jason became a vice president,member of the executive team.

Momentum

FUNDED

YES

TOTAL FUNDING

$378 M

DATE OF LAST FUNDING

May 2020

TOTAL FUNDING COMMENT

The company will use the funds to expand business globally and focus on developing more solutions. (June 2018)

FUNDING SERIES

SERIES A  · $7.3 M  · Jun 2011

SERIES B  · $15.7 M  · May 2013

SERIES C  · $25 M  · Oct 2015

SERIES D  · $70 M  · Jun 2018

SERIES E  · $260 M  · May 2019

LISTED

NO

BASICS

FOUNDING YEAR:

2010

LOCATION:

Views:

377 VISITORS | 750 VIEWS
LATEST FUNDING ROUND

$378 M

TOTAL EMPLOYEES
201-500

About

Marqeta provides RESTful APIs that enable developers to set up and define new payment cards and rules in real time. It also allows other applications from processing and program management to multi-merchant commerce, dynamic spend controls for both B2B, and consumer use cases. Recently, Marqeta was selected for the 2019 Forbes FinTech 50 startups list.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

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