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Marqeta: Notches $150M For Card-Issuing Platform

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Marqeta: Notches $150M For Card-Issuing Platform

  • Marqeta has grabbed $150 million in a venture funding round that values the card-issuing and payments processing company at $4.3 billion
  • Marqeta’s latest funding round follows up on the $260 million equity financing it landed in May 2019
  • As reported here earlier this month, Visa has called Marqeta part of a new class of FinTechs
  • That round was led by Coatue and included participation from Vitruvian Partners and several others
  • Marqeta said it also backed by Visa, Goldman Sachs, 83North, Granite Ventures and ICONIQ Capital
  • The transformative possibilities of modern card issuing are more commonplace than ever for the everyday consumer in 2020

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