Marqeta (NASDAQ: MQ) operates as an application programming interface (API) payment card issuing platform. The company's platform allows businesses to issue cards, manage their cardholder data, and process payments. It serves industries such as digital banking, online marketplaces, financial institutions, and more. The company was founded in 2010 and is based in Oakland, California.
Marqeta's Products & Differentiators
Modern Card Issuing Platform
Marqeta’s platform, powered by open APIs, gives its customers the ability to build more configurable and flexible payment experiences, accelerating product development and democratizing access to card issuing technology. Its modern architecture provides instant access to highly scalable, cloud-based payment infrastructure that enables customers to launch and manage their own card programs, issue cards, and authorize and settle transactions. Marqeta built its simple, trusted, and scalable platform from the ground up to help companies design seamless payment experiences, streamline purchase flows, and bring products to market faster while minimizing fraud risk
Research containing Marqeta
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Marqeta in 9 CB Insights research briefs, most recently on Aug 7, 2023.
Expert Collections containing Marqeta
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Marqeta is included in 12 Expert Collections, including E-Commerce.
Companies that sell goods online (B2C), or enable the selling of goods online via tech solutions (B2B).
250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.
This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.
Gig Economy Value Chain
Startups in this collection are leveraging technology to provide financial services and HR offerings to the gig economy industry
Companies in this collection provide technology that enables consumers and businesses to pay, collect, automate, and settle transfers of currency, both online and at the physical point-of-sale.
Marqeta has filed 15 patents.
Latest Marqeta News
Dec 7, 2023
Unwrap the new loyalty and digital engagement tool Consumers spent $38 billion online, an almost 8% jump year-over-year, far outstripping expectations. Now, by offering personalized rewards and flexible payment options, brands can reap the benefits of greater customer loyalty without impacting their bottom line. Simon Khalaf, Marqeta | December 07, 2023 This iframe contains the logic required to handle Ajax powered Gravity Forms. Thanksgiving weekend was a blockbuster weekend for shoppers and retailers – according to Adobe Analytics , consumers spent $38 billion online, an almost 8% jump year-over-year, far outstripping expectations and driven by stronger than expected Buy Now, Pay Later volumes. At Marqeta, we also saw a 33% year-over-year increase in BNPL spending for the week between Tuesday, November 21, 2023, and Cyber Monday, and processed 23% more BNPL transactions in 2023 than last year. For many retailers, historically the holiday shopping season meant a strategic rollout of deals and slashing prices throughout the months of November and December. Now, by offering personalized rewards and flexible payment options, brands can reap the benefits of greater customer loyalty without impacting their bottom line. Our recent 2023 State of Credit study found that 62% of consumers aged 35-50 see credit solutions, like credit cards or BNPL, as vital for making ends meet this holiday season, and nearly a quarter (22%) of US consumers surveyed said they planned to use BNPL to pay for their holiday shopping. To meet consumers where they are and keep up with demand for new digital payment methods, retailers can turn to new innovations in payments and credit. When it comes to co-branded credit cards, brands can turn to credit to be an extension of their brand, going beyond just relying on it as a payment tool. New technologies enable brands to offer personalized rewards based on individual spending habits and preferences, creating unique incentives that foster customer loyalty and significantly increase digital engagement. Our recent study found that 36% of US consumers plan to apply for a new credit card in the next 12 months, with that number booming to 55% among 18-44 year olds. And there is demand for this type of personalization, with 74% of cardholders citing there is more room to personalize rewards based on individual habits. Brands that want to launch their own cards should aim to fully own the customer experience by embedding the card, rewards/incentives and program management within their own branded digital experience. If customers don’t need to log in to a third-party website to manage their card, retailers will have more touchpoints with their customers. Additionally, by offering flexible payment options like BNPL at the point of sale, brands will be able to cater to customers that are looking for these newer types of payments. By spreading out payments via BNPL, brands will also garner more touchpoints with their customers than a traditional sale, and can take advantage of this additional brand exposure by offering other rewards and incentives for repeat purchases. What’s holding brands back from implementing these solutions? Many retailers are accustomed to legacy approaches to co-branded credit that can take several months to launch and treat each cardholder the same when it comes to rewards and incentives. There’s also misconceptions that branded credit cards are only for large retailers, when in fact embedded finance makes it possible for companies of any size to launch new card programs and embrace BNPL. Customer loyalty, especially during the holiday season, is not something that can be taken lightly by brands. Shoppers are being torn in many different directions, and the businesses that provide more flexible ways for people to pay and engage with their brand will be positioned to not only come out on top this season, but will earn the lasting trust of their customers for years to come. 0 comments on “Retailers: We have a holiday gift for you. Unwrap the new loyalty and digital engagement tool” You must be logged in the post a comment.
Marqeta Frequently Asked Questions (FAQ)
When was Marqeta founded?
Marqeta was founded in 2010.
Where is Marqeta's headquarters?
Marqeta's headquarters is located at 180 Grand Avenue, Oakland.
What is Marqeta's latest funding round?
Marqeta's latest funding round is IPO.
How much did Marqeta raise?
Marqeta raised a total of $526.28M.
Who are the investors of Marqeta?
Investors of Marqeta include Mastercard, Granite Ventures, 83North, IA Capital Group, CommerzVentures and 14 more.
Who are Marqeta's competitors?
Competitors of Marqeta include Enfuce, wamo, YapStone, NIUM, Bond and 7 more.
What products does Marqeta offer?
Marqeta's products include Modern Card Issuing Platform.
Compare Marqeta to Competitors
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