Here is the article.
Reason #1: Disruptive Clientele
Marqeta pioneered modern card issuing more than a decade ago, enabling enterprises to launch customized card programs — such as debit, credit, and virtual cards — that are highly scalable, configurable, and reliable. Over the years, the company has also expanded to other financial services such as digital banking, risk management, and rewards programs.
Marqeta is probably the best modern issuer processor on the issuing-facing side of the payment ecosystem, which is why some of the most innovative and disruptive technology companies partner with Marqeta. For instance,
- Block's (SQ) Cash App Card, Square Debit Card, and Afterpay platform are all powered by Marqeta — Block has been working with Marqeta since 2018.
- Uber (UBER) Eats recently expanded its US partnership with Marqeta to eight additional markets worldwide — Uber has been working with Marqeta since 2020.
- Klarna, the Swedish BNPL giant, recently launched the new and improved Klarna Card in the US, which is supported by Marqeta — Klarna has been working with Marqeta since 2016.
Mind you, Marqeta's clientele are some of the fastest-growing technology companies in their respective industries, so as these businesses grow, Marqeta grows as well.
At the end of the day, this sort of disruptive clientele shows how powerful the Marqeta platform is, which enables the company to capitalize on the great fintech opportunity.
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