Marqeta

The company operates as an infrastructure provider for card issuing and embedded banking. It offers an API-driven platform that sits between card networks, issuing banks and business customers, handling card issuance, authorisation, processing, settlement, tokenisation and programme management. By abstracting network and bank integrations, it enables customers to launch and operate their own branded payment and banking experiences without building full payments stacks in-house.

Value is created by reducing time-to-market, providing granular real-time spend controls, and consolidating card issuing, processing, risk and basic banking capabilities into a single platform. The company extends this with management dashboards, risk and fraud tools, and developer tooling. It has expanded into modular banking-as-a-service functionality and credit card programme management (via acquisitions), deepening its role as a core payments and banking infrastructure layer for fintechs and brands.

Marqeta is a US-based payments technology company that provides an API-first, cloud-native platform for issuing and processing credit, debit, prepaid and virtual payment cards, along with related banking and risk-management capabilities. Its infrastructure connects to card networks and issuing bank partners to enable businesses to embed branded card and banking functions into their own products, manage card life cycles, and control authorisations and funding in real time.

The company generates revenue from usage-based fees tied to card processing and total processing volume, plus value-added services and implementation work. Its customers are primarily fintechs, digital banks, marketplaces, gig platforms, expense and spend-management providers, and enterprise brands that need to issue cards or provide embedded finance and modern banking services to their end users.