Founded in 2009, Marqeta operates what it describes as the world's first modern card issuing platform. The company provides open API infrastructure that enables enterprises and startups to issue virtual and physical cards, authorize transactions in real time, and build payment programs. Its platform processes $290 billion in annual volume and maintains a stated uptime of 99.99%, serving clients in over 40 countries. Since 2017, the company reports an 80x increase in processing volume.
The company's technical work centers on open API development, real-time transaction authorization, and embedded finance. Key product features include Just-in-Time funding, dynamic spend controls, and PCI-compliant widgets. These are part of a cloud-native platform designed to give businesses flexibility in how they design and manage card-based payment products.
Marqeta is a flexible-first organization with employees distributed across the United States and Europe. Its offices include Oakland, California. The company signals a focus on developer experience and platform reliability as core aspects of its engineering culture.