# Marqeta

Marqeta is an Asset Manager based in Oakland, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Oakland, United States
- **Region:** North America
- **Address:** Oakland, CA, United States
- **Founded:** 2009
- **Assets under management:** Undisclosed
- **Website:** marqeta.com
- **LinkedIn:** https://www.linkedin.com/company/marqeta

## Regulatory record

- **Reports private funds:** No

## About

Transform your business with Marqeta's modern card issuing platform. Our open API platform allows businesses to instantly issue cards and process payments.

## Sectors

- FinTech

## Questions

### How does Marqeta make money from its card issuing platform?

Marqeta generates revenue primarily through interchange fees earned on transactions processed via its platform. When a card issued through Marqeta is used, the merchant's bank pays an interchange fee, which Marqeta splits with the issuing bank partner and retains as its core revenue stream. This volume-based model aligns its incentives with the transaction growth of its clients.

### Which types of businesses use Marqeta's platform most heavily?

Digital banks, buy now pay later providers, on-demand delivery services, and expense management platforms constitute Marqeta's core customer base. These businesses require real-time card issuance, customizable authorization controls, and immediate transaction data, all of which Marqeta's API architecture supports natively. Square is a prominently disclosed customer.

### What regulatory framework does Marqeta operate under as a card issuer?

Marqeta is not a bank; it operates as a registered card issuer-processor in partnership with sponsoring banks that hold the actual charters. This partnership model allows Marqeta to offer card issuing services in 40 countries while the partner banks manage regulatory capital, compliance with local banking laws, and settlement with card networks.

### What happened to Marqeta's ownership structure after its IPO?

Marqeta went public on the Nasdaq in June 2021 under the ticker MQ. The IPO shifted the company from a venture-backed private entity to a publicly traded corporation, with early investors and founders holding significant but diluted stakes. Institutional shareholders and public market investors now own the majority of the company.

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Last updated: 2026-06-03T20:00:00.000Z

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