[October 22, 2018] |
|
Marqeta Now Issuing Visa Cards and Transacting in Europe
Marqeta, the open-API platform pioneering the future of modern card
issuing, today announced its expansion into the European market. In
collaboration with strategic partner Visa, Marqeta has acquired new
customers and opened a London office led by a team of U.K.-based
industry experts. Marqeta is leveraging its success in the U.S. and
Canada to expand its platform for modern card issuing.
With this launch, payment innovators across Europe and the U.K. will now
have access to Marqeta's modern payments platform - offering them the
most advanced infrastructure and essential tools to reliably support the
growth and scale of their businesses.
Leading the effort is Marqeta's head of European growth, Ian Johnson (News - Alert).
"Marqeta is already among the global leaders in modern card issuing, and
we are pleased that our physical footprint is officially expanding,"
said Johnson. "We're excited to partner with the many innovative
companies in Europe which are building better consumer and business
experiences - and to enable their success."
"The U.K. and Europe are seeing an explosion of payments innovators
right now, making flexibility and speed to market more important than
ever before," said Bill Gajda, SVP of strategic partnerships at Visa.
"Visa's partnership with Marqeta enables them to offer entrepreneurs of
any size a fast, easy way to become an issuer, giving consumers
throughout Europe exciting new ways to pay."
Bringing Modern Card Issuing to European Payments Innovators
Marqeta's open-API platform is designed for innovators who want a
simplified way of managing payment programs:
-
Digital banking providers can create exceptional user experiences with
instant issuance into their mobile apps, with seamless in-app
provisioning into Apple (News - Alert) Pay and Google Pay
-
Onine travel agencies can control payment authorization decisioning
and gain deeper end-to-end visibility into transactions - from booking
to check-in
-
On-demand delivery companies can seamlessly add merchants, onboard
couriers quickly, and reduce the risk of fraud
-
Expense management companies can easily configure purchase cards,
control expenses, and gain real-time visibility and data on employee
spend
-
Retailers can instantly pay multiple suppliers, easily navigate
elaborate purchase flows, and cleanly reconcile transactions, track
shipments, and refund returns
-
Small business and consumer lenders can allow end users to access
funding immediately, improve customer loyalty, and reduce risk through
meaningful data
Powering the World's Most Loved Fintechs and Startups
Founded in 2010, Marqeta provides businesses with essential tools and
infrastructure they need to develop, iterate, and launch
commercial-scale payment solutions. The company has raised $116 million
in venture capital to date, most recently a $45 million strategic
investment led by Iconiq Capital and with participation from Goldman
Sachs. Marqeta counts among its current customers:
-
Financial services companies Affirm and Acima
-
On-demand delivery startups Instacart and DoorDash
-
Small business lenders Kabbage and Qwil
-
Corporate card providers Brex and TeamPay
-
Ecommerce aggregator ConnexPay
"The European market for card issuing is enormous, but many platforms
have not evolved to meet the needs of commerce and financial services
innovators," said Marqeta founder and CEO Jason Gardner. "In early
conversations over the past few years, we were amazed by the need and
demand for a modern, flexible approach. We're proud to make our
technology and expertise available to new partners in the U.K. and
Europe."
About Marqeta
Marqeta is the global standard for modern card issuing, providing the
most advanced infrastructure and tools for building highly configurable
payment cards. 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. Marqeta is headquartered in Oakland, California. For more
information, visit www.marqeta.com,
Twitter
and LinkedIn.
View source version on businesswire.com: https://www.businesswire.com/news/home/20181022005277/en/
[ Back To Mobile World Congress's Homepage ]
|