Marqeta, Inc.

Based in Oakland, California, Marqeta operates a cloud-based open API platform that enables card issuing and payment processing for enterprise clients and financial institutions. The company provides core infrastructure services including card program management, transaction processing, and a suite of banking features such as demand deposit accounts, ACH transfers, direct deposit with early pay functionality, bill pay, and ATM access. Its platform supports multiple card types—debit, prepaid, credit, and virtual cards—along with associated user interfaces and administrative tools through the Marqeta Dashboard self-service portal.

The company serves clients across multiple verticals including financial services, on-demand services, lending, expense management, e-commerce enablement, and buy now, pay later (BNPL) providers. Its service offerings include processor management, bank and network coordination, program management, value-added services, and portfolio migration capabilities that allow clients to transition existing card programs onto its platform. Marqeta also offers TransactPay for transaction services and Marqeta Hub, which provides solutions tailored to consumers, BNPL providers, and card issuers.

Marqeta was incorporated in 2010 and trades on the Nasdaq under the ticker MQ. The company is classified within the software infrastructure sector, specifically prepackaged software services. As of the most recent available data, the company maintains a market capitalization of approximately $1.7 billion.