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Carta Worldwide

Can a white-label card issuer processor capture embedded finance infrastructure spend from fintechs and banks across EU, Canada, and beyond?

Founded2008
HQToronto, Ontario, Canada
IndustryInfrastructure / Card issuing
The story

Founded in 2008 in Toronto, Carta Worldwide began as a digital card issuer processing platform serving prepaid, debit, and credit programs. Over time it expanded geographic reach to EU, USA, Canada, Caribbean, Australia, New Zealand, and Hong Kong, positioning itself as a white-label issuer processor for fintechs and banking leaders. Following its 2021 acquisition by Mogo Inc., it has leaned further into embedded financial solutions, partnering with Currencycloud for FX and leveraging Oracle Cloud Infrastructure to modernise its platform and scale in Europe and Canada.

Last 12 months
2023-10
Product timeline
2008
Founded in Toronto as a digital transaction processing and card issuing platform.· card
2020
Partnered with Currencycloud to add real-time FX transparency to international card payments.· banking
2021
Acquired by Vancouver-based Mogo Inc. (NASDAQ: MOGO; TSX: MOGO), continuing to operate independently.· acquisition
2023
Selected Oracle Cloud Infrastructure (OCI) for a multi-year deal to accelerate innovation and growth in Europe and Canada.· pivot
The stack
Card issuing
Carta Worldwide (self-operated)
FX & payouts
Currencycloud
Accounting gap: none