We are excited to announce that Marqeta has again been named to Forbes’ annual Fintech 50 list, for the second year in a row. The Fintech 50 is noted for highlighting the top private companies that are transforming finance through technology, and we are proud to be included with such an esteemed group of companies, several of whom are our customers. This award is an honor and a validation of the excellent work that Marqetans put in every day to inspire new possibilities for the world’s most innovative companies.
As a modern card issuer, our payment platform and open APIs bring speed and efficiency to card issuing and payment processing. We empower our customers with modern technology and support to design seamless payment experiences and bring them to market quickly. Our modern platform was built from the ground up to allow customers to instantly issue cards with flexibility, control, and scale. Highly configurable, secure and reliable, Marqeta’s platform helps B2B and B2B2C companies improve customer experience, optimize cost efficiencies and manage fraud.
This award is a great reflection of the huge growth and momentum Marqeta has experienced in the market this past year. We quadrupled our valuation in 2019 to nearly $2 billion, after we closed a $260 million Series E fundraising round in May, led by Coatue Management. We issued our 140 millionth card in December of this year and if consolidated as a single card issuer would rank as one of the largest 25 issuers of payment cards in the United States. Marqeta now has 370+ employees and operates globally in the US, UK, EU, Canada & soon APAC.