Marqeta, Inc.

Marqeta modernizes financial services by enabling customers to create customized payment card programs. The company's platform supports debit, prepaid, and credit programs, offering banking and money movement, risk management, and rewards products. Marqeta provides a scaled solution and a technology layer that connects banks and customers. Its open APIs offer instant access to a scalable, cloud-based payment infrastructure, allowing customers to embed payment experiences into apps or websites. Customers can launch and manage card programs, issue cards, and authorize and settle payment transactions using the platform. Marqeta also provides card program management, enabling customers to integrate Marqeta without building complex elements or customer support services. This allows customers to focus on their expertise while Marqeta manages the complexities of running card programs with Issuing Banks and Card Networks. In the years ended December 31, 2025, 2024, and 2023, total processing volume (TPV) on the Marqeta Platform was $382.5 billion, $291.1 billion, and $222.3 billion, respectively, reflecting year-over-year growth of 31% and 31%, respectively. TPV represents the total dollar amount of payments processed through the Marqeta platform, net of returns and chargebacks.