Marqeta provides tools that allow its customers to create and issue customized payment cards that are specifically designed for their business needs.
Marqeta is disrupting a large and growing market. Purchase volume on U.S. payment cards was $7.97 trillion in 2020 and expected to grow to $12.86 trillion by 2025. Marqeta's total processing volume of $111.1 billion in 2021 is a small fraction of the market.
Marqeta has a win-win business model. Using Marqeta's tools, a customer earns interchange fees and delivers a better experience to its own customers. Utilizing Marqeta's tools is more of an opportunity than a cost.
Marqeta's tools are delivered via open, well-documented APIs. Vetted customers can create a card program and begin issuing cards rapidly, which should lead to rapid adoption of Marqeta's tools and growth in Marqeta's total processing volume.
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