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Fintech platform Marqeta signs first major European organisations

Fintech card unicorn marqeta has partnered with digital banks.

Leading fintech Marqeta today announced its first major European customer signings, since the firm decided to expand into the region late last year.

Marqeta, a tech unicorn which a value of nearly $2bn, uses payments infrastructure and an open API platform to aid card issuing. The company was founded in Oakland, California, and has achieved rapid expansion since it started in 2010.

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The four European customers in question are Morning, a digital bank based in France; YAPEAL, a digital bank based in Switzerland; and Aplazame, a point-of-sale lender based in Spain.  

Ian Johson, Head of European Growth at Marqeta, stated: “We see the UK and Europe as a key market as we continue to expand out global footprint.

“It has a thriving ecosystem of digital banks and fintech startups that have already had a lot of success in the market.”

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