Marqeta

Marqeta operates a B2B payments infrastructure model. It provides cloud software, APIs and operational tooling that let customers launch and run card and embedded finance programmes without building issuer processing and programme management infrastructure themselves. Value is created through programmable issuing, real-time controls, banking partner connectivity and operational dashboards, while revenue scales with customer transaction volume and adoption of additional software modules.

Marqeta is a US-based public fintech infrastructure company that provides API-first card issuing, payment processing and embedded finance software to businesses. Its platform enables fintechs, enterprises, marketplaces, banks and software platforms to launch and manage debit, credit, prepaid, virtual and commercial card programmes, with real-time transaction authorisation, spend controls, reporting and risk tooling.

The company makes money primarily from transaction-driven economics tied to card usage on its platform, including interchange sharing and processing fees, supplemented by platform fees, implementation charges and premium modules. Its customers are not end consumers but businesses building financial products or embedding payment capabilities into their own applications and workflows.