Marqeta
Marqeta, Inc. (Marqeta) is a global payment technology company headquartered in Oakland, California. Marqeta provides payment infrastructure for issuing physical, virtual, or tokenized payment cards.[1]
History[edit]
Marqeta was founded by tech entrepreneur Jason Gardner in 2010. Gardner had previously co-founded PropertyBridge, Inc., which he sold to MoneyGram International, Inc. for $28 million in 2007.[2] Gardner has claimed to name the company after a travel companion he met while backpacking in Europe.
In November 2014, Marqeta launched its open API card issuing and processing platform.[3]
In October 2018, Marqeta announced it was launching in Europe and opened an office in London, U.K.[4]
In March 2020, Marqeta announced its first live transactions in Australia.[5] In June, Marqeta announced it would open a second U.S. headquarters in Denver, Colorado, U.S.A.[6] In August, Marqeta announced Marqeta 3-D Secure to help European issuers comply with Strong Customer Authentication (SCA) regulatory obligations.[7]
In February 2021, Marqeta filed with the Securities and Exchange Commission for a proposed Initial Public Offering.[8] Also in February, Marqeta partnered with Deserve to announce a credit card option on its platform.[9] On May 14th, Marqeta filed its S-1 with the Securities and Exchange Commission.[10]
Services[edit]
Marqeta is a card issuing and processing platform. Companies use the Marqeta platform to launch and manage their payment card programs. Marqeta works on their behalf with card networks such as Visa Inc., Mastercard Incorporated, Discover, and PULSE and with issuing banks to issue cards, authorize transactions, and communicate with settlement entities.[11] Marqeta's Just-in-Time Funding feature allows card issuers to send cardholders a zero-balance debit card and then to near-instantly transfer funds to the card at the time of the transaction.[12]
References[edit]
- ↑ Griffith, Erin (February 10, 2019). "These 50 Start-Ups May Be the Next 'Unicorns'". New York Times. Retrieved May 7, 2021.
- ↑ "Form 10-K Moneygram International". Retrieved May 7, 2021.
- ↑ Kauflin, Jeff (April 30, 2019). "It Took Three Tries, But This Entrepreneur Transformed His Struggling Startup Into A $2 Billion Unicorn". Forbes. Retrieved May 7, 2021.
- ↑ Irrera, Anna (October 21, 2019). "Goldman-backed fintech startup Marqeta launches in Europe". Reuters. Retrieved May 7, 2021.
- ↑ Redrup, Yolanda (April 26, 2021). "Fintech unicorn settles into Melbourne ahead of $US10b IPO". Financial Review. Retrieved May 7, 2021.
- ↑ Koher, Judith (June 23, 2020). "Marqeta, global card-issuing platform, picks metro Denver as second headquarters". The Denver Post. Retrieved May 7, 2021.
- ↑ "Marqeta adds 3DS to its platform, providing customisable authentication". The Paypers. August 19, 2020. Retrieved May 7, 2021.
- ↑ Franklin, Joshua (February 16, 2021). "U.S. Payments Startup Marqeta Files With Regulators for IPO - Source". Reuters. Retrieved May 7, 2021.
- ↑ Azevedo, Mary Ann (February 18, 2021). "Fintech Marqeta expands into credit card space days after filing for an IPO". Techcrunch. Retrieved May 7, 2021.
- ↑ "S-1 Filing". May 14, 2021. Retrieved May 15, 2021.
- ↑ Jones, Donovan (July 16, 2021). "Visa Leads $25 Million Investment Round in Marqeta". Seeking Alpha. Retrieved May 7, 2021.
- ↑ Carlsen, Courtney (July 27, 2021). "The 1 Company I'll Be Buying When It Goes Public". The Motley Food. Retrieved May 7, 2021.
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