Marqeta

The Marqeta Platform, built from the ground up with no legacy infrastructure, provides the world's first fully documented, open API issuer processor platform. With its open API, the Marqeta platform is designed for innovators who want a simplified way of managing payment programs so that they can create world-class experiences and power new modes of commerce.


Overview

Marqeta has multiple applications that are used by hundreds of companies in over 35 countries, like Mastercard, Goldman Sachs, Visa, Uber, Affirm, and J.P. Morgan.   Grocery delivery service Instacart uses Marqeta to control what items its order-fillers can buy, reducing fraud. Square uses Marqeta for its fast-growing Cash App, which lets consumers make retail purchases, transfer money and buy stocks.

Not only are Goldman Sachs, Visa, and Mastercard clients of Marqeta, they believe in the company so much that they’re investors. Marqeta has raised $553 million from over 15 investors in 7 funding rounds over the past 10 years.

Marqeta has seen their revenue more than double each of the past 5 years. The company’s strong growth is fueled by several interlocking trends that should only accelerate in the coming years, with the modern card issuing market expected to grow by $30 trillion in the next decade into an almost $80 trillion opportunity.