FinTech Futures: Top five stories of the week – 3 February 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
The acquisition, Marqeta’s first, will “significantly boost” the firm’s credit product capabilities.
Khalaf joined in June as chief product officer and will replace founder, chair and current CEO Jason Gardner.
The card is available to US residents and will be rolled out to customers in additional countries starting in 2023.
The Uber Pro Card will help its drivers save on fuel, fees and other associated expenses.
Gardner plans to take on the role of executive chairman once the firm hires his replacement.
Evolve will support the full range of Marqeta’s card programme management capabilities.
The fintech’s current valuation sits at $4.3 billion.
Marcus plans to launch its new accounts later this year.
“We want to invest in products, in customers and invest in continuing to grow globally,” says Marqeta.
Twisto will be the first European customer to deploy Marqeta and Mastercard’s initiative.
This puts the company’s valuation at nearly $2 billion.
Bringing Marqeta’s total funding to $116 million.
Visa and Marqeta, the open API payment card issuing platform, have formed a multiyear, global partnership to “drive further innovations in commercial and consumer payments”. What’s more, Visa has made a strategic investment in Marqeta to support the company’s domestic and international growth. Initially, the partnership will involve expanding opportunities for virtual, physical and tokenised […]