Marqeta Acquires Fintech Infrastructure Startup Power Finance for $275M

0
71

Marqeta, a leading card issuing and digital payment platform, announced today that it has acquired Power Finance, a fintech infrastructure startup, for $275 million. The acquisition is part of Marqeta’s mission to become the world’s leading technology platform for powering financial services. Power Finance technology and infrastructure will bolster Marqeta’s capabilities in the areas of digital payments, card issuing, and financial services.

Power Finance was founded in 2014 and has since built a comprehensive cloud-based financial infrastructure that can power a variety of digital financial services. Its technology is used by banks, fintech companies, and other financial services providers to quickly launch new digital financial products and services.

The acquisition of Power Finance is a major step forward in Marqeta’s journey to become the leading technology platform for powering financial services. With Power Finance’s technology, Marqeta will be able to offer its customers a more comprehensive suite of services that can help them quickly launch new digital financial products and services.

The acquisition of Power Finance is a major step towards Marqeta’s goal of becoming the world’s leading technology platform for powering financial services. Power Finance’s technology and infrastructure will bolster Marqeta’s capabilities in the areas of digital payments, card issuing, and financial services. This will enable Marqeta to offer its customers a more comprehensive suite of services that can help them quickly launch new digital financial products and services.

The acquisition is also a sign of Marqeta’s commitment to innovation and its commitment to providing the best solutions to its customers. Marqeta’s CEO, Jason Gardner, said that the acquisition of Power Finance is “a significant milestone in our mission to become the leader in powering financial services.” He added that the acquisition “will enable us to offer our customers more comprehensive solutions for digital payments, card issuing, and financial services.”

Overall, the acquisition of Power Finance is a major step forward for Marqeta in its mission to become the world’s leading technology platform for powering financial services. With Power Finance technology, Marqeta will be able to offer its customers a more comprehensive suite of services.