The payment card services provider, which counts Visa, Commerzbank and CreditEase as investors, will seek a valuation of almost $1.9bn in the round.

Marqeta, a US-based card issuing and payment processing platform backed by payment services firm Visa, online lender CreditEase and financial services firm Commerzbank, has filed to raise $250m in funding, TechCrunch reported yesterday.

The Delaware filing, which was provided to TechCrunch by PrimeUnicornIndex, states that Marqeta intends to raise the capital at a valuation of approximately $1.88bn. A source close to the company told the site the round is underway and could close in the upcoming weeks.

Marqeta’s technology enables…

Robert Lavine

Robert Lavine is special features editor for Global Venturing.