Oakland, Calif. — October 23, 2018 — Marqeta, the open-API platform pioneering the future of modern card issuing, today announced that it has been named to CB Insights’ second annual Fintech 250 list, a prestigious group of emerging private companies working on groundbreaking financial technology.
The Fintech 250 companies were selected by the CB Insights research team based on their Mosaic Score, a quantitative framework developed by CB Insights that measures the overall health and growth potential of private companies using non-traditional signals.
“After we named the inaugural Fintech 250 in 2017, they went on to raise $23B, including 30 rounds of over $100 million. Twenty-two of the Fintech 250 have already exited, with half via IPO,” said CB Insights CEO Anand Sanwal. “This year, we’ve added 113 new companies to the Fintech 250 using the CB Insights Mosaic algorithm. We look forward to the success of this year’s group.”
“Marqeta has experienced incredible growth in the past year. We’ve expanded our team, added new features, opened for business in Europe, completed a successful funding round, brought on new customers, and watched them do amazing things with our open API platform,” said Jason Gardner, founder and CEO of Marqeta. “We’re excited to continue this momentum and grateful to be honored for our success alongside so many other innovative fintech companies.”
Marqeta is joined on the Fintech 250 by several of its marquee customers, including financial services company Affirm and corporate card provider Brex.
About CB Insights
At CB Insights, we believe the most complex strategic business questions are best answered with facts. We are a machine intelligence company that synthesizes, analyzes, and visualizes millions of documents to give our clients fast, fact-based insights. Serving the majority of the Fortune 100, we give companies the power to make better decisions, take control of their own future, and capitalize on change.
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