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FT Partners Advises Marqeta on its $45 million Financing

Overview of Transaction

  • On June 5, 2018, Marqeta announced a new $45 million funding round led by ICONIQ Capital, with participation from Goldman Sachs and existing investors
  • This round brings Marqeta’s total funding to $116 million
  • Headquartered in Oakland, CA, Marqeta is the global standard for modern card issuing, providing the most advanced infrastructure and tools for building highly configurable payments cards

Significance of Transaction

  • Marqeta will leverage the new funding — along with the $25 million raised in a strategic round in June 2017 led by Visa — to extend its leadership in innovative consumer and commercial card solutions, and to accelerate its domestic and international growth
  • The investment follows a year of strong growth for Marqeta, during which the Company formed a global strategic partnership with Visa, launched its international effort and more than doubled the size of its team

FT Partners' Role

  • FT Partners served as exclusive strategic and financial advisor to Marqeta and its Board of Directors
  • FT Partners has now advised Marqeta on its past three financings, having previously advised the Company on its $25 million strategic round led by Visa and its $25 million Series C financing
  • This transaction demonstrates the long-term nature of many of FT Partners’ client relationships and highlights our deep domain expertise and transactional excellence across FinTech and the Payments sector, in particular