Marqeta
#12 on Setter30 +7 Most recent: Q1 2021Modern card-issuing platform providing cloud-based, open API infrastructure for businesses to create, manage, and control payment cards. Enables fintech and enterprise customers including Block, Uber, Google, Affirm, DoorDash, and JPMorgan to embed tailored financial solutions.
Public Company
Marqeta is publicly traded
IPO'd on June 9, 2021
This company is no longer available on our private secondary market. Shares can be traded publicly under MQ.
Overview
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2010
Employees
900–1,000
Total Funding
$534M
8 rounds
Last Private Valuation
$4.3B
May 28, 2020
Setter30 Ranking
Funding
Total raised $534M across 8 rounds
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Last updated 06-25-2026
Latest Round
Type
Series E2
Date
May 28, 2020
Amount
$150M
Valuation
$4.3B
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| May 28, 2020 | Series E2 | $150M | $4.3B | |
| March 2019 | Series E | $260M | $2B | Coatue Management |
| June 2018 | Series D2 | $45M | — | ICONIQ Capital |
Funding by Round
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Valuation Trajectory
Valuation indexed to 1.0× at the selected entry round. Valuation marks are estimates and may contain errors. Hover each dot to compare.
Entry · Series E
$2B
Mar 2019
Marqeta today
$4.3B
May 2020 · latest mark
Marqeta multiple
2.1x
valuation uplift since first round
Y-axis is logarithmic. Hollow dots = estimated valuations. Does not represent realized investor returns.
Leadership
Mike Milotich
Chief Executive Officer & Director
Patti Kangwankij
Chief Financial Officer
Randy Kern
Chief Technology Officer
Jason Gardner
Founder, Former CEO & Executive Chairman
Competitors
Competitor list is illustrative and may be incomplete, stale, or erroneous.
Stripe Issuing
Stripe's card issuing product leveraging deep payment processing integration across 22 countries.
Galileo Financial Technologies
Card issuing infrastructure acquired by SoFi; serves 130M+ accounts with large financial institution clients.
Adyen
Integrated card issuing tied to Adyen's acquiring infrastructure for same-day settlement.
Lithic
Emerging card issuing platform for mid-market fintech customers seeking specialized issuing capabilities.
Highnote
Positions as both processor and program manager, offering full authorization flow control.
Apto Payments
Card issuing and program management solutions for fintech and enterprise payments.
Marqeta Investment FAQ
Marqeta FAQ
Yes, Marqeta is publicly traded under the ticker symbol MQ on the NASDAQ. The company went public in June 9, 2021.
Marqeta trades under the ticker symbol MQ on the NASDAQ. It began trading in June 9, 2021.
Marqeta (MQ on the NASDAQ) shares can be purchased through any standard brokerage account — including Fidelity, Charles Schwab, TD Ameritrade, and online platforms like Robinhood or E*TRADE. Search for the ticker MQ to place an order.
Marqeta went public in June 9, 2021 via ipo, with an offering valuation of approximately $4.3B. Marqeta trades publicly on NASDAQ under ticker MQ since June 9, 2021. The company operates as a modern card-issuing platform serving major fintech and enterprise customers with embedded payment solutions.
Marqeta raised $534M across 8 disclosed funding rounds prior to its public listing.
Marqeta was founded by Jason Gardner in 2010.
Marqeta is headquartered in Oakland, CA.
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