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Marqeta soars to a $4.3 billion USD valuation

Providing all the hot companies with the tools to start their online wallets and payments ecosystems makes services provider Marqeta a popular player – to the tune of 4 billion dollars. As more and more companies enter the payments and finance space, they vye for the attention of consumers – who at the core all need something like a credit or debit card. Marqeta provides the tools for companies to provide e-wallets and cards for big names like Uber, Square, Instacart and DoorDash. With a quick and flexible deployment of its services, Marqeta seeks to swoop in where incumbent banks lag behind – issueing cards complete with services such as “payment reconciliations, real time fund transfers and customer interactive voice responses.” With its latest $150 million USD funding round complete and a fresh $4 billion USD valuation, Marqeta is for now delaying it’s plans to go public – but will spread it’s wings and take on Europe next.

 

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