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FT Partners Advises Marqeta on its $25,000,000 Financing Led by Visa

Overview of Transaction

  • On July 26, 2017, Marqeta announced a strategic, minority financing round led by Visa for a total consideration of $25 million
  • Visa and Marqeta also announced a multi-year, global partnership to drive innovations in commercial and consumer payments
  • Existing investors Commerce Ventures, 83 North, CommerzVentures and Granite Ventures along with new investor CreditEase also participated in the round
  • Headquartered in Oakland, CA, Marqeta is the first modern card issuing and core processing platform, powering prepaid, debit and credit cards for the world's top commerce innovators

Significance of Transaction

  • The additional capital will enable Marqeta to continue to fuel its rapid growth and global expansion
  • The initial efforts of the Visa partnership will involve growing opportunities for virtual, physical and tokenized payments across a number of commercial markets and use cases that can benefit from Marqeta's developer-friendly platform

FT Partners' Role

  • FT Partners served as exclusive strategic and financial advisor to Marqeta and its Board of Directors
  • This transaction demonstrates FT Partners' deep domain expertise and transactional excellence in the Payments sector
  • FT Partners also advised Marqeta on its Series C $25 million financing in October 2015