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On Oct 8, card-issuing API platform startup Marqeta announced a financial investment and extended global partnership with MasterCard to “expand into new geographies, open access to new products,” according to a joint press release.

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Who is Marqeta?

Founded in 2010, Marqeta has built out an API-based platform to power card-issuing and other financial services for merchants and brands. Previous investors of Marqeta include Iconiq, Goldman Sachs, Visa, Max Levchin of Affirm, among others.

Marqeta’s customers include Uber, DoorDash, and Instacart, which leverage Marqeta’s API platform to issue cards to their gig-economy workers. Meanwhile, Marqeta has partnered with major financial institutions and Fintech companies such as JPMorgan Chase on virtual commercial card tokenization, Square on Square Card linked with Cash accounts, and Affirm and Klarna on B2B payments. …

About

Charlie Liu

Global Fintech Founder & Investor | ex-Adyen, ex-Franklin Templeton

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