Marqeta raised $45M led by Iconiq for payment card processing technology, reportedly at a $545M valuation

Marqeta says it plans to use its Series D to keep focussing on developing more solutions, as well as take its business international.

Other investors participating in this round, a Series D extension, include Goldman Sachs and other, unnamed existing investors.

These include e-commerce businesses such as Square, Instacart and DoorDash; as well as others working in other kinds of financial transactions that need instant turnarounds, such as loan platforms like Kabbage and Klarna. The second big area of Marqeta’s business is focused on card issuing, providing customised card services to companies that issue cards to their customers.

It’s also been expanding its presence across the digital payments landscape, launching a Digital Wallet SDK for Apple Pay and Google Pay, Marqeta.js, and Marqetas Virtual Card Wizard, making it easier for businesses to build more customised card experiences for their users.

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