An undisclosed investor provided the funding at a $4.3bn valuation, Marqeta having previously raised nearly $370m from backers including Commerzbank, Visa and CreditEase.
Marqeta, a US-based payment card issuer backed by corporates Visa, Commerzbank and CreditEase, received $150m in funding from an undisclosed institutional investor yesterday at a $4.3bn valuation.
Founded in 2010, Marqeta has built a software and hardware platform that corporate clients can use to create and issue configurable payment cards.
Jason Gardner, Marqeta’s founder and chief executive, said: “The transformative possibilities of modern card issuing are more commonplace than ever for the everyday consumer in 2020.
“Marqeta has a deep…
