Every fintech company needs to issue cards. Chime, Square, DoorDash, Instacart — they all need a card. We're the API that powers all of them. You use Marqeta every day and don't know it.
I spent 10 years trying to get this company funded. Ten years. VCs said card issuing was boring. Then Square Cash Card launched on our platform and suddenly everyone wanted in.
We process over $60 billion in payment volume. Square alone runs billions through our platform. But because we're infrastructure, nobody knows our name. That's by design.
The old card issuing process took 12 to 18 months. With Marqeta's API, you can issue a virtual card in milliseconds. We compressed a year and a half into a function call.
We went public at a $15 billion valuation. For a card issuing company. If you told VCs in 2010 that card infrastructure would be worth $15 billion, they would have laughed you out of the room. I know because they did.
DoorDash drivers get paid instantly after every delivery. That instant payout? That's us. Every time a gig worker sees money hit their account in real time, that's Marqeta making it happen.