Marqeta and Shakepay partner to bring new card offering to Canadian market

We’re excited to announce our partnership with Shakepay, a Montreal-based financial technology platform that allows Canadians to buy and sell cryptocurrency and use it to pay their friends. We’ll be helping them launch a new Visa card offering available to their customers.

Founded in 2015, Shakepay is one of the leading platforms for buying and selling digital cryptocurrencies in Canada. They’ve facilitated more than $2 billion CAD in digital currency purchases on their platform to date and serve more than 420,000 Canadians. It is one of the top 10 Canadian financial apps on Apple’s App Store, seeing 10x year-over-year growth.

This partnership with Shakepay will help bridge the gap between digital currencies and the traditional point of sale, allowing cardholders to more easily monetize the value of their digital currencies. The new Shakepay Visa card will allow customers to spend Canadian dollars at physical and virtual merchants, earning Bitcoin cashback rewards.

“As we looked at the best way to connect a card to a Shakepay wallet, and build out an excellent user experience, it became clear that Marqeta was the only card issuer capable of meeting our needs,” said Shakepay CEO Jean Amiouny. “The openness and flexibility of Marqeta’s card issuing platform enabled us to bring a completely new card product to the Canadian market while innovating at speed and scale.”

We’re thrilled to be chosen to help bring this first-of-its-kind card product to the Canadian market along with a partner who we believe is a strong DNA match for Marqeta and our hunger for innovation.

Read our full press release announcement here.