FT Partners Advises Marqeta on its $25,000,000 Series C Financing
Overview of Transaction
- On October 27, 2015, Marqeta announced a $25mm Series C minority equity financing round
- New investors include IA Capital, Commerz Ventures and Max Levchin, CEO and Co-Founder of Affirm
- Existing investors 83North (formerly, Greylock Partners IL), Granite Ventures and Commerce Ventures also participated in the round
- New round brings the total investment in Marqeta to $46mm
- The Company focuses on providing leading payments processing / issuing solutions for some of the most innovative commerce startups and disruptors
Significance of Transaction
- Investment enables Marqeta to expand its market reach in the US and further invest in its Open API platform
- Marqeta also plans to begin international expansion throughout North America and Europe in 2016
FT Partners' Role
- FT Partners served as exclusive strategic and financial advisor to Marqeta and its Board of Directors
- FT Partners leveraged its extensive market knowledge and broad relationships across the financial technology landscape to achieve an outstanding outcome for Marqeta
- Transaction demonstrates FT Partners’ continued success achieving highly successful transactions in the payments space