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Marqeta Grows Customer Base, Product Offering and Team in 2017 With Leading Commerce and Payments Innovators
[October 23, 2017]

Marqeta Grows Customer Base, Product Offering and Team in 2017 With Leading Commerce and Payments Innovators

Marqeta, the open API payment card issuing platform, is accelerating growth of its platform, technology, customers and employee base as it continues its mission to modernize consumer and commercial card issuing and processing solutions.

"We've made several significant investments in our platform and team over the past year, and it's gratifying to see the impact with our customers," said Marqeta CEO Jason Gardner. "In addition, we're proud to expand the set of use cases and global footprint we are supporting, solving more complex problems for an even broader set of innovative customers."

Marqeta is servicing an increasingly diverse set of industries and product verticals, which has helped dramatically increase transaction volume and more than double its customer base during 2017. Marqeta's focus on creating a scalable, modern platform with modern infrastructure sets it apart from legacy solutions. During the past year, Marqeta announced partnerships with Visa, Alipay, Spring and several other commerce and payments innovators, and currently provides customized solutions for on-demand delivery, alternative lending, ecommerce, expense management, and disbursements.

Marqeta's products continue to establish new benchmarks for speed, security and value for developers and companies seeking to use digital payments as a competitive advantage. Marqeta announced several new products today - the Marqeta Digital Wallet SDK, Marqeta.js, and Marqeta's Virtual Card Wizard - that open up capabilities for companies to easily and efficiently build customized, PCI (News - Alert) compliant experiences that weren't possible previously.

Marqeta's innovative approach to solving massive, technically complex problems has also helped it attract leading talent. Marqeta doubled its employee ranks to more than 135 this year, with an expectation that the company will continue growing at this pace in 2018. Key hires this year brought experience from the major networks, SaaS (News - Alert), banking, financial industry consortiums, and in industries like gaming and security where high availability systems are the core.

Marqeta's platform enables new card programs and business solutions to be deployed in days or weeks, not months or years, which translates into extraordinary customer success.

"As a marketplace focused on creating the best experience for both its customers and merchant partners, reliable payments are a top priority for Spring," said Dan Zeehandelaar, product manager at Spring. "Marqeta's Virtual solution has provided a robust, automated payment solution, with complete flxibility and transparency into every transaction. With Marqeta, Spring has access to a fully-featured and well-documented API that enables the creation of virtual payment card numbers, configured to the details of a particular transaction. Marqeta has provided responsive support and excellent reliability, which is especially critical during volume surges such as holidays and special promotions."

Marqeta's announcements today are part of its participation as a sponsor and exhibitor at Money 20/20, the leading payments and fintech event, happening this week in Las Vegas. Highlights of Marqeta's presence at Money 20/20:

  • Marqeta is at Booth #901, where attendees can experience the new Marqeta Digital Wallet SDK, get their Payment IQ score, learn about key trends across industries, and dive into assorted use cases.
  • Marqeta will participate with Visa in the Money 20/20 Hackathon, providing access and assistance with Marqeta's APIs, enabling demos of live transactions with actual money, and distributing prizes via the Marqeta platform.
  • CEO Jason Gardner will participate in two panel discussions:
  • Marqeta Chief Technology Officer Tony Ford (News - Alert) will participate in the presentation, "Bridge2Solutions & Marqeta: Announcing Loyalty Pay, Unlocking Rewards Redemption at the POS", at 4:50 pm on Tuesday at Murano in The Venetian, Level 3.

If you're interested in learning more about Marqeta at Money 20/20, stop by Booth #901 or sign-up here.

About Marqeta

Marqeta is the first modern card issuing and core processing platform, powering prepaid, debit and credit cards for the world's top commerce innovators. Marqeta's advancements represent the first fundamental updates in the past twenty years to card issuing platforms, a $30 trillion addressable market covering all possible cardable spending. Marqeta employs more than 135 people and is headquartered in Oakland, Calif. For more information, visit Marqeta on our website, Twitter, and LinkedIn.

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