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FT Partners Advises Marqeta on its $25,000,000 Series C Financing

Overview of Transaction

  • On October 27, 2015, Marqeta announced a $25mm Series C minority equity financing round
  • New investors include IA Capital, Commerz Ventures and Max Levchin, CEO and Co-Founder of Affirm
  • Existing investors 83North (formerly, Greylock Partners IL), Granite Ventures and Commerce Ventures also participated in the round
  • New round brings the total investment in Marqeta to $46mm
  • The Company focuses on providing leading payments processing / issuing solutions for some of the most innovative commerce startups and disruptors

Significance of Transaction

  • Investment enables Marqeta to expand its market reach in the US and further invest in its Open API platform
  • Marqeta also plans to begin international expansion throughout North America and Europe in 2016

FT Partners' Role

  • FT Partners served as exclusive strategic and financial advisor to Marqeta and its Board of Directors
  • FT Partners leveraged its extensive market knowledge and broad relationships across the financial technology landscape to achieve an outstanding outcome for Marqeta
  • Transaction demonstrates FT Partners’ continued success achieving highly successful transactions in the payments space