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§ Public · Oakland, CA, USA
Marqeta is a technology company.
Marqeta provides a modern card issuing platform, enabling businesses to create, manage, and distribute customized payment cards and financial products. Its open API platform facilitates instant card issuance and efficient payment processing, offering clients granular control over transactions, robust fraud detection, and embedded finance solutions. This flexible technology allows rapid deployment and scalability.
Jason Gardner founded Marqeta in 2010, initially as SimplyTapp, with a vision to transform the traditional card issuing industry. Gardner’s insight was to leverage an API-first strategy, allowing companies to integrate and embed financial services directly into their offerings, overcoming the limitations of outdated payment infrastructures.
The platform serves diverse clients, from startups to global enterprises in sectors like on-demand delivery and digital banking. Marqeta's mission is to enable businesses to deliver exceptional debit and credit card experiences, fostering brand loyalty and operational efficiency. The company aims for continuous innovation and seamless global expansion.
Marqeta has raised $528.0M across 7 funding rounds.
Key people at Marqeta.
Marqeta was founded in 2010 by Jason Gardner (Founder, Executive Chairman).
Marqeta has raised $528.0M in total across 7 funding rounds.
Marqeta is a fintech company that builds a modern card issuing and payment processing platform, enabling businesses to launch customizable debit, credit, and virtual card programs via open APIs.[1][2][4][5] It serves enterprises like Square, Uber, DoorDash, Klarna, Affirm, and Instacart, solving the problem of rigid legacy payment systems by offering real-time issuance, just-in-time (JIT) funding, dynamic spend controls, and fraud mitigation for faster, more flexible payment experiences.[2][3][4][5] With strong growth momentum—including $290 billion in total payment volume processed in 2024, 99.99% platform uptime, and operations in over 40 countries—Marqeta powers innovative fintech solutions amid rising digital payments demand.[1][5]
Headquartered in Oakland, California, with 771 employees and $490 million in revenue, Marqeta operates as a scalable infrastructure provider under CEO Simon Khalaf, recently expanding via acquisitions like TransactPay to bolster its European presence.[1]
Marqeta was founded in 2010, evolving from Goldman Sachs' experiments with debit card innovations like loyalty prepaid programs and Facebook-backed gift cards, which had mixed results but inspired the creation of its open API platform in 2014.[1][3] This platform directly connects tech startups to financial instruments without intermediaries, enabling rapid product launches—a pivotal shift that differentiated it from traditional banks.[3]
Early traction came from powering payments for high-growth platforms like Square (which accounted for 70% of 2020 revenue), Uber, Instacart, DoorDash, Klarna, and Affirm, with total payment volume surging 177% to $60.1 billion in 2020 amid pandemic-driven digital acceleration.[2] Marqeta went public via IPO, cementing its role as a next-generation infrastructure play in fintech.[2]
Marqeta rides the wave of digital payment modernization and fintech infrastructure demands, fueled by e-commerce growth, gig economy expansion, and the shift from rigid networks like Visa/Mastercard to API-driven platforms.[2][5][6] Its timing aligns with pandemic-accelerated TPV booms and AI integration for safer, personalized payments, positioning it as a "next-generation infrastructure play" for startups and enterprises.[2][7][8]
Market forces like regulatory expansion (e.g., Europe via TransactPay) and embedded finance favor Marqeta, as it enables non-banks to issue cards quickly while influencing the ecosystem—recognized on CNBC's World's Top Fintechs list for disrupting giants with faster, cheaper services.[1][6] By partnering with leaders like Square and Affirm, it amplifies innovation in on-demand, lending, and banking sectors.[2][5]
Marqeta is poised to deepen AI-driven enhancements in fraud detection, personalization, and efficiency, expanding credit offerings and global scale amid 2025 fintech trends toward safer, embedded payments.[7][8] Expect further acquisitions and platform evolution to capture rising TPV in emerging markets, solidifying its infrastructure dominance as businesses demand flexible, real-time solutions.
This positions Marqeta as the go-to enabler for the next era of payments, transforming how innovators like Square and Affirm build customer loyalty through seamless card experiences.[5]
Marqeta was founded in 2010 by Jason Gardner (Founder, Executive Chairman).
Marqeta has raised $528.0M in total across 7 funding rounds.
Marqeta's investors include Kris Fredrickson, 83North, 8-Bit Capital, American Express Ventures, Andreessen Horowitz, Adeyemi Ajao, Bond, Canaan Partners, DST Global, General Catalyst, Paradigm, Sequoia Capital.
Key people at Marqeta.
Marqeta has raised $528.0M across 7 funding rounds. Most recently, it raised $150.0M Other Equity in May 2020.