Overview of Transaction

• On May 28, 2020, Marqeta announced it has raised $150 million in financing from one of the world’s largest asset managers
• The round values the Company at $4.3 billion
• This financing comes on the heels of Marqeta’s $260 million Series E financing round in May 2019 led by Coatue Management
• Founded in 2010, Marqeta is the leading global modern card issuer, powered by the most advanced issuer processor platform built in over two decades
• Marqeta’s open APIs allow a new generation of businesses, such as Square, Affirm, DoorDash, Klarna and Instacart, to build innovative payment programs and experiences to meet the unique needs of their customers
• With market-leading innovations like Just-in-Time Funding and Instant Issuance, Marqeta’s platform has helped to re-architect what is possible for enterprises issuing cards at scale

Significance of Transaction

• This new capital helps Marqeta accelerate its mission as the Company is well-positioned to support the current surge in demand for digital payments following COVID-19 lockdowns

FT Partners' Role

• FT Partners served as exclusive strategic and financial advisor to Marqeta and its board of directors
• FT Partners previously advised Marqeta on its $260 million Series E financing led by Coatue in 2019, its $45 million financing led by ICONIQ in 2018, its strategic $25 million financing led by Visa in 2017, and its $25 million Series C financing in 2015 — over this time period, Marqeta’s valuation has grown over 40x
• This transaction demonstrates the long-term nature of many of FT Partners’ client relationships and highlights our deep domain expertise and transactional excellence across FinTech and the Payments sector