← Embedded Finance Index 2026/Vendor

Marqeta

Provider
BaaSCard IssuingSpend / AP

Embedded-finance provider tracked in the Embedded Finance Index — disclosed by 62 companies across 3 categories.

marqeta.com ↗Also analysed as a company — its own stack →Open Banking Tracker profile ↗
CategoriesBaaS, Card Issuing, Spend / AP
Rank#1 of 198 in Card Issuing
Buyers62 companies
OwnerMarqeta (independent)
TickerNASDAQ:MQ
Market cap~$3B
IPO2021
Pre-IPO raised$535M
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Ownership
Part of Marqeta (independent).
In the press
Coverage of Marqeta sourced from Embedded Finance Review, Rebank. All articles are © their original authors; click any card to open the source.
◇ article2026-07-23
Expensify launches its card in Europe, with Marqeta as both processor and issuer
Expensify launches its Visa Commercial Card in the UK and Europe, built entirely on Marqeta, with credit that cannot roll over past month-end.
Source · Embedded Finance Review ↗
🎙 interview2025-06-03
Lessons Learned from 10 Years in Embedded Finance, with Luke Voiles
Luke Voiles on building embedded lending from modular infrastructure — what to buy, what to build, and how the stack changes market by market.
Luke Voiles · CEO, Pipe
“When we launched Square Debit in the UK, even with Marqeta as a global partner, it took 12 months. But now there are modern card issuers who can launch in 40 or 50 geos.”
Source · Rebank ↗
◇ article2025-02-26
Vistra's Global Banking Launch & Marqeta's Strategic Acquisition
Discover how Vistra partners with Airwallex to launch global banking services, Marqeta strengthens its European presence through TransactPay acquisition, and Travelnest optimizes payment flows for property owners. Plus, upcoming embedded finance events in Berlin and London.
Source · Embedded Finance Review ↗
◇ article2025-02-26
Marqeta acquires TransactPay - why is this a big step?
Marqeta acquires e-money institution TransactPay to offer complete card issuing in EU and UK without separate BIN sponsors. Why this consolidation changes European embedded payments.
Source · Embedded Finance Review ↗
Who uses Marqeta
62 companies disclose Marqeta in their stack
Google ExecutiveVaroSdk FinanceShakepaySwipeSwiss4TradingUberWestern UnionP.F.C.SezzleUber Pro Card+50 more
Buyer mix · 62 of 62 classified
Fintech / Neobank · 7Fintech / Consumer banking · 6Fintech / Lending · 6Infrastructure / BaaS · 6Bank / National · 3Fintech / Cross-border payments · 3Fintech / SMB banking · 3Infrastructure / Core Banking · 3
US · 33EU · 18UK · 7Canada · 1APAC · 1
What the disclosures say
Google Executive
“BusinessWire July 2021: 'Marqeta To Power Virtual Google Pay Balance Card' — Marqeta's modern card issuing platform powers the tokenized virtual card that gives Google Pay users a way to spend their Google Pay balance at online merchants and in stores.”
Varo
“Marqeta signed as exclusive issuer processor per August 2024 press release.”
Sdk Finance
“sdk.finance/integrations/marqeta/ documents Marqeta integration for virtual, physical, and tokenized card issuance. ibsintelligence.com/ibsi-news/sdk-finance-partners-with-marqeta-for-seamless-card-issuing/ confirms the partnership. sdk.finance homepage lists embedded wallets and IBAN-ready accounts.”
Shakepay
“Marqeta partnership confirmed via Marqeta's own blog (marqeta.com/blog/marqeta-partners-with-shakepay) AND ibsintelligence known_customer listing.”
Swipe
“ibsintelligence.com publicly lists Swipe as a Marqeta customer: 'Swipe partners with Marqeta and launches LendFi'. swipe.io/terms.html references 'third party card issuing' as a product.”
Swiss4
“Marqeta press release (July 2, 2024): 'Marqeta Announces New Customer Swiss4, Powering Its Premium Financial Services Offering.' Swiss4 uses Marqeta's platform for real-time, personalised digital payment services and card issuing.”
The complete buyer list and each company’s full embedded-finance stack are in the Embedded Finance Index report. Represent Marqeta? Claim this profile above to unlock your own full list.
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Alternatives to Marqeta

Other Card Issuing providers in the index, by the number of companies that disclose them. A count of public disclosures, not a ranking of the products.

Stripe Issuing30 buyers →Paymentology28 buyers →Enfuce22 buyers →Sutton Bank21 buyers →Galileo18 buyers →i2c18 buyers →Pliant18 buyers →Pathward15 buyers →
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Ranked #1 of 198 in Card Issuing — Embedded Finance Index 2026
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