Marqeta exceeds $1bn in single day total processing Vvolume (TPV), representing a new era of scale for the company.
In brief:
- Marqeta, the global modern card issuing platform that enables embedded finance solutions for the world’s innovators, today announced a significant new milestone for the company.
- This announcement comes shortly after Marqeta’s Q4 and Full Year 2023 earnings, where it announced that it had exceeded $200bn in annual TPV only two years.
- Marqeta celebrates this milestone following a transformational 2023, marked by the expansion of its credit card platform to serve both consumer and commercial needs with full-scale processing and program management capabilities.
What does this mean?
“This milestone showcases the remarkable strength of our platform and steadfast ability to expand with our customers and help them grow,” said Simon Khalaf, Marqeta’s Chief Executive Officer. “As more brands look to embed financial products into their offerings, our proven experience and knowledge of what it takes to deliver exceptional user experiences and operate card programs at scale make us ready to meet the demands of this growing market.”
