Marqeta Raises Additional $45 Million led by ICONIQ Capital

Open-API card issuing platform Marqeta closed $45 million in a new funding round led by ICONIQ Capital with participation from Goldman Sachs, bringing Marqeta’s total funding to $116 million.

According to the company, Marqeta built the first developer-friendly card issuing and core processing platform: an end-to-end, cloud-based system for physical, virtual, and tokenized cards for technology-driven businesses.

Marqeta plans to leverage the investment—along with $25 million from a strategic round in 2017 led by Visa—to extend its leadership and accelerate its domestic and international growth.