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FT Partners Advises Marqeta on its $150,000,000 Growth Financing

Overview of Transaction

  • On May 28, 2020, Marqeta announced it has raised $150 million in financing from one of the world’s largest asset managers
  • The round values the Company at $4.3 billion
  • This financing comes on the heels of Marqeta’s $260 million Series E financing round in May 2019 led by Coatue Management
  • Founded in 2010, Marqeta is the leading global modern card issuer, powered by the most advanced issuer processor platform built in over two decades
  • Marqeta’s open APIs allow a new generation of businesses, such as Square, Affirm, DoorDash, Klarna and Instacart, to build innovative payment programs and experiences to meet the unique needs of their customers
  • With market-leading innovations like Just-in-Time Funding and Instant Issuance, Marqeta’s platform has helped to re-architect what is possible for enterprises issuing cards at scale

Significance of Transaction

  • This new capital helps Marqeta accelerate its mission as the Company is well-positioned to support the current surge in demand for digital payments following COVID-19 lockdowns

FT Partners' Role