About Marqeta
Marqeta is a company based in Oakland (United States) founded in 2010 by Jason Gardner.. Marqeta has raised $528.11 million across 9 funding rounds from investors including Visa, Mastercard and Goldman Sachs. The company has 854 employees as of December 31, 2024. Marqeta has completed 1 acquisition, including Power Finance. Marqeta offers products and services including Card Issuing Platform, Virtual Cards, Spend Controls, and JIT Funding. Marqeta operates in a competitive market with competitors including Ramp, Brex, Navan, Worldpay and Wright Express, among others.
- Headquarter Oakland, United States
- Employees 854 as on 31 Dec, 2024
- Founders Jason Gardner
- Stage Public
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Sectors
TechnologyTravel & Hospitality Financial Services
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Email
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Phone
*********
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Website
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Social
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- Legal Name Marqeta, Inc.
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Annual Revenue
$507 M-25.02as on Dec 31, 2024
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Net Profit
$27.29 M112.24as on Dec 31, 2024
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EBITDA
$-110.04 M40.71as on Dec 31, 2024
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Total Equity Funding
$528.11 M (USD)
in 9 rounds
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Latest Funding Round
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Investors
Visa
& 16 more
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Employee Count
854
as on Dec 31, 2024
- Investments & Acquisitions
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IPO & Listings of Marqeta
Marqeta is a publicly listed company on the NASDAQ with ticker symbol MQ in USA, operating in the Commercial services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Marqeta
Marqeta offers a comprehensive portfolio of products and services, including Card Issuing Platform, Virtual Cards, Spend Controls, and JIT Funding. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables integration of credit and payment solutions for businesses.
Allows issuance of virtual cards for secure transactions.
Provides tools to dynamically manage and limit spending.
Facilitates just-in-time funding for efficient cash flow.
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Funding Insights of Marqeta
Marqeta has successfully raised a total of $528.11M across 9 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 9
- Last Round Last Round
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First Round
First Round
(10 Jun 2011)
- Investors Count 17
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2020 | Amount | Series E - Marqeta | Valuation | Mastercard |
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| May, 2020 | Amount | Series E - Marqeta | Valuation |
investors |
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| Mar, 2019 | Amount | Series E - Marqeta | Valuation | Coatue |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Marqeta
Marqeta has secured backing from 17 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Visa, Mastercard and Goldman Sachs. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Provider of an investment platform for various stages
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Founded Year | Domain | Location | |
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Growth equity investments are directed toward expanding startups across sectors.
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Founded Year | Domain | Location | |
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Spark Capital is engaged in venture capital investments.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Marqeta
Marqeta has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Power Finance. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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A platform for launching innovative credit card programs is provided.
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2021 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Marqeta
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Marqeta Comparisons
Competitors of Marqeta
Marqeta operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Ramp, Brex, Navan, Worldpay and Wright Express, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Spend management and accounts payable solutions are delivered to businesses.
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| domain | founded_year | HQ Location |
SaaS-driven credit card and spend management solutions platform for businesses
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| domain | founded_year | HQ Location |
Corporate travel and expense management are facilitated through SaaS platform.
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| domain | founded_year | HQ Location |
Payment services and analytics solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Employee benefit administration and payment solutions are provided for enterprises.
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| domain | founded_year | HQ Location |
Payment issuance and processing solutions are provided for businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Marqeta
Frequently Asked Questions about Marqeta
When was Marqeta founded?
Marqeta was founded in 2010 and raised its 1st funding round 1 year after it was founded.
Where is Marqeta located?
Marqeta is headquartered in Oakland, United States. It is registered at Oakland, California, United States.
Who is the current CEO of Marqeta?
Jason Gardner is the current CEO of Marqeta. They have also founded this company.
Is Marqeta a funded company?
Marqeta is a funded company, having raised a total of $528.11M across 9 funding rounds to date. The company's 1st funding round was a Series E of $260M, raised on Jun 10, 2011.
How many employees does Marqeta have?
As of Dec 31, 2024, the latest employee count at Marqeta is 854.
What is the annual revenue of Marqeta?
Annual revenue of Marqeta is $507M as on Dec 31, 2024.
What does Marqeta do?
Founded in 2010 and headquartered in Oakland, United States, Marqeta operates in the fintech sector. SaaS-based platforms for expense management are provided, along with card-issuing and processing services. An open API enables issuance of physical, virtual, and tokenized payments, transaction authorization for merchants, and data insights. Additional offerings include digital banking and crypto card solutions.
What products or services does Marqeta offer?
Marqeta offers Card Issuing Platform, Virtual Cards, Spend Controls, and JIT Funding.
Is Marqeta publicly traded?
Yes, Marqeta is publicly traded on NASDAQ under the ticker symbol MQ.
How many acquisitions has Marqeta made?
Marqeta has made 1 acquisition, including Power Finance.
Who are Marqeta's investors?
Marqeta has 17 investors. Key investors include Visa, Mastercard, Goldman Sachs, CreditEase, and Coatue.
What is Marqeta's ticker symbol?
The ticker symbol of Marqeta is MQ on NASDAQ.
What is Marqeta's valuation?
The valuation of Marqeta is $4.3B as of May 2020.
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