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The world of digital payments continues to grow – fueled by the continued growth of e-commerce and financial technologies – and one of the biggest startups that is making waves in the sector is currently garnering significant funding.
TechCrunch has learned that Marqeta – a payment processing company that processes payment cards for other brands and related services – is raising $ 250 million worth billion dollars.
The figures come from a Delaware deposit, provided at TechCrunch by PrimeUnicornIndex. Marqeta declined to comment on the ranking, but a source close to the company told us that the series of questions is ongoing and could end in a few weeks.
It also means that the final numbers could change, although the sources tell us that the target numbers for the moment are $ 250 million on a valuation of $ 1.875 billion.
It is not known who is participating in this round, but previous investors in the Oakland, California-based company included Granite Ventures (which is its largest shareholder), Iconiq, Goldman Sachs, and Visa (which had conducted its last previous round, $ 25 million Series D), Max Levchin, CommerzVentures, 83North and more. Before this round, Marqeta had collected $ 116 million.
The round, an E Series offer of $ 3.8908 per share, represents a leap forward from Marqeta. the previous valuation of $ 545 million last year (when it extended Iconiq's Series D cycle), reflecting both Marqeta's growth and the business opportunities.
The company – whose clients include other companies in the financial technology sector such as Square, Alipay, Kabbage, Klarna and Affirm – said last October that the volume of its payments had increased by 100%.
The same month, it also launched its first steps on the European market, where a mini-boom of exclusively digital banks has managed to gain market share over traditional incumbents. A recent report from Accenture, cited by Reuters, indicates that startups such as N26, Monese, Starling and Revolut now account for 14% of European banking market revenues, or 206 billion euros (238 billion euros). dollars), against only 3.5% of the turnover. the US market (worth $ 1.04 billion).
We will update this post as we learn more
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