Posts filtered by tags: Marqeta[x]


 

Affirm revealed its IPO paperwork. Here's a look inside the buy now, pay later frenzy, the new twist on financing that is a must have for everyone.

Klarna markets itself as a 'smoooth shopping' experience. Thomas Concordia/Getty Images Point-of-sale financing isn't new, but it's gotten renewed attention as a wave of startups like Affirm, Afterpay, and Klarna acquired millions of new users during the coronavirus pandemic. On Wednesday, Affim published its S-1, the paper detailing its planned initial public offering.  These fintechs offer consumers the ability to buy now, pay later, both online and in-store. And now, incumbents ...
Tags: Apple, Google, Amazon, Japan, UK, Etsy, Australia, France, Finance, China, US, Trends, Paypal, David, Canada, Tencent


Wall Street's Rising Stars — Goldman leadership reshuffle — Credit Karma's plans for income data

Palantir CEO Alex Karp at Sun Valley in 2019. REUTERS/Brendan McDermid Today is the big day. Palantir and Asana both hit the public markets via a direct listing. In case you missed it yesterday, here's a great explainer on how direct listings work. If you're not yet a subscriber, you can sign up here to get your daily dose of the stories dominating banking, business, and big deals.Like the newsletter? Hate the newsletter? Feel free to drop me a line at [email protected] or on...
Tags: US, Trends, Bank Of America, Deutsche Bank, Goldman Sachs, Palantir, Credit Karma, Alex Karp, Reuters, Sun Valley, Brendan Mcdermid, Stephanie Cohen, Samantha Lee, Wall Street Goldman Sachs, Marqeta, Jason Gardner


Hevo draws in $8 million Series A for its no-code data pipeline service

Hevo founders Manish Jethani and Sourabh Agarwal According to data pipeline startup Hevo, many small- to medium-sized companies juggle more than 40 different applications to manage sales, marketing, finance, customer support and other operations. All of these applications are important sources of data that can be analyzed to improve a company’s performance. That data often remains separate, however, making it difficult for different teams to collaborate. Hevo enables its clients’ employees to...
Tags: Google, Amazon, Fundings & Exits, Startups, TC, Asia, Hong Kong, Enterprise, Singapore, India, Tech, United States, TechCrunch, Bangalore, Grofers, Data Analytics


Here's the pitch deck an app helping new families save used to raise a $9 million Series A from NBA all-star Baron Davis and Anthos Capital

UNest, an app that allows parents to set aside savings for their children, just raised a $9 million Series A. The round was led by Anthos Capital with participation from investors like Northwestern Mutual Future Ventures and former NBA all-star Baron Davis. UNest, which started as a 592 college savings app, has broadened its product offerings since its founding in 2018. Since February, UNest has added 25,000 accounts. Here's the 15-slide pitch deck UNest used to raise its Series A. Visit Busin...
Tags: Los Angeles, Trends, Nba, Mansfield, Capital Group, Baron Davis, Peter Mansfield, Northwestern Mutual Future Ventures, Marqeta, Yudina, Anthos Capital, Ksenia Yudina, UNest, Mike Van Kempen UNest


An app helping families save for college used this pitch deck to raise $9 million from investors like Anthos Capital and NBA all-star Baron Davis

UNest, an app that allows parents to set aside savings for their children, just raised a $9 million Series A. The round was led by Anthos Capital with participation from investors like Northwestern Mutual Future Ventures and former NBA all-star Baron Davis. UNest, which started as a 592 college savings app, has broadened its product offerings since its founding in 2018. Since February, UNest has added 25,000 accounts. Here's the 15-slide pitch deck UNest used to raise its Series A. Visit Busin...
Tags: Los Angeles, Trends, Nba, Mansfield, Capital Group, Baron Davis, Peter Mansfield, Northwestern Mutual Future Ventures, Marqeta, Yudina, Anthos Capital, Ksenia Yudina, UNest, Mike Van Kempen UNest


Investors at Point72 and Goldman Sachs believe industry giants like FIS and Fiserv will be the next to be disrupted by fintech. Here's where they are most susceptible.

A partner at Point72 Ventures, the VC arm of Steve Cohen's hedge fund, expects the next wave of fintech disruption to happen in the less publicized back-end tech that powers big banks. Infrastructure giants like FIS and Fiserv have dominated the banking infrastructure space for decades, but fintechs are looking for ways to reimagine these core banking services. "They are all, as it currently stands, very good businesses with large customer bases who trust them, but the fact of the matter is th...
Tags: US, Trends, Chase, Goldman Sachs, Andreessen Horowitz, Federal Reserve, Google Ventures, Goldman, Fintech, Fis, SoFi, Wells Fargo, Worldpay, Steve Cohen, Fiserv, Shriner


A partner at Point72 Ventures is betting the next wave of fintech disruption will target back-end tech that's dominated by giants like FIS and Fiserv

A partner at Point72 Ventures, the VC arm of Steve Cohen's hedge fund, expects the next wave of fintech disruption to happen in the less publicized back-end tech that powers big banks. Infrastructure giants like FIS and Fiserv have dominated the banking infrastructure space for decades, but fintechs are looking for ways to reimagine these core banking services. "They are all, as it currently stands, very good businesses with large customer bases who trust them, but the fact of the matter is th...
Tags: US, Trends, Chase, Goldman Sachs, Andreessen Horowitz, Federal Reserve, Google Ventures, Goldman, Fintech, Fis, SoFi, Wells Fargo, Worldpay, Steve Cohen, Fiserv, Shriner


Savings app UNest used this pitch deck to lay out the 'viral' growth possibilities in helping parents and their kids navigate the student debt crisis

UNest, an app that allows parents to set aside savings for their children, just raised a $9 million Series A. The round was led by Anthos Capital with participation from investors like Northwestern Mutual Future Ventures and former NBA all-star Baron Davis. UNest, which started as a 592 college savings app, has broadened its product offerings since its founding in 2018. Since February, UNest has added 25,000 accounts. Here's the 15-slide pitch deck UNest used to raise its Series A. Visit Busin...
Tags: Los Angeles, Trends, Nba, Mansfield, Capital Group, Baron Davis, Peter Mansfield, Northwestern Mutual Future Ventures, Marqeta, Yudina, Anthos Capital, Ksenia Yudina, UNest, Mike Van Kempen UNest


Grow Credit, which builds credit scores by paying for online subscriptions services, gets Mucker cash

Grow Credit, the startup that launched last year to help customers build out their credit scores by providing a credit line for online subscriptions like Spotify and Netflix, has added Mucker Labs as an investor and closed its seed round with $2 million in total commitments. The Los Angeles startup founded by serial entrepreneur Joe Bayen, had been bootstrapped initially and then received funding from a clutch of core angel investors before signing a deal with Mucker earlier this month, accordin...
Tags: Apple, Android, TC, Spotify, Los Angeles, Tech, Netflix, National Football League, Mastercard, Draftkings, Jason Robins, Marqeta, Bayen, Grow Credit, Joe Bayen, Ronnie Lott Sebastien Deguy


Grow Credit, which builds credit scores by paying for online subscriptions, gets Mucker cash

Grow Credit, the startup that launched last year to help customers build out their credit scores by providing a credit line for online subscriptions like Spotify and Netflix, has added Mucker Labs as an investor and closed its seed round with $2 million in total commitments. The Los Angeles startup founded by serial entrepreneur Joe Bayen, had been bootstrapped initially and then received funding from a clutch of core angel investors before signing a deal with Mucker earlier this month, accordin...
Tags: Apple, Android, Startups, TC, Spotify, Los Angeles, Tech, Netflix, National Football League, Mastercard, Draftkings, Jason Robins, Ronnie Lott, Marqeta, Recent Funding, Bayen


The way we shop and pay is transforming — here's a look at the hottest trends and the players poised to take off

The coronavirus has been a catalyst for big changes in the way consumers spend and pay. Ongoing trends like contactless payments and buy now, pay later are accelerating. New trends are emerging, like consumers' preference toward buy online, pick up in-store. Here's how banks, credit card companies, fintechs, and investors are thinking about the new norms in how we shop and pay. Click here for more BI Prime stories. From banks to credit card companies to retailers, the coronavirus pandemic has...
Tags: Apple, China, Digital, Trends, Walmart, Paypal, Tencent, American Express, Andreessen Horowitz, Max Levchin, Shopify, Mastercard, Marqeta, Stripe Square


Daily Crunch: Twitter vs. Trump

Tensions escalate between President Trump and his favorite social media platform, Google and Microsoft considering investing in the Indian telecom market and the Raspberry Pi foundation announces a new Raspberry Pi. Here’s your Daily Crunch for May 28, 2020. 1. Jack Dorsey explains why Twitter fact-checked Trump’s false voting claims After Twitter flagged a pair of President Trump’s tweets with a fact-checking label on Tuesday, White House officials denounced a specific Twitter employee and...
Tags: Google, Social, Verizon, Facebook, Twitter, Spacex, Hbo, Microsoft, White House, India, Tech, Nasa, Policy, Vodafone, Jack Dorsey, Donald Trump


Payments startup Marqeta raises $150 million, hits $4.3 billion valuation

Payment card issuing startup Marqeta has raised $150 million from a U.S. institutional investor, doubling its valuation to $4.3 billion, the company said on Thursday.
Tags: Money, businessNews, Marqeta


Providing card services to fintech companies around the world gives Marqeta a $4.3 billion valuation

This could have been Marqeta’s year to list as a public company on a major American stock exchange. The company, while still unprofitable, is a darling of the financial services sector and only last year reached a $2 billion valuation on the back of a $260 million round of financing. In the previously torrid public market environment that was supposed to see public listings from Airbnb and other unicorn companies, Marqeta could have been a contender. Now, in the wake of an American economy pushe...
Tags: TC, Europe, London, Tech, Airbnb, Andreessen Horowitz, Latin America, Mastercard, Gardner, Marqeta, Jason Gardner, Monese Starling, Square Uber Affirm Instacart, Edgar Dunn Company, SoftBank Tencent TCV


Wall Street CEOs map out the future — Goldman snaps up a fintech — PE recruiting

  Welcome to Wall Street Insider, where we take you behind the scenes of the finance team's biggest scoops and deep dives from the past week.  If you aren't yet a subscriber to Wall Street Insider, you can sign up here. Business Insider asked 34 top execs across investing, trading, and consumer finance how their business, their industry, and their world would transform as a result of the coronavirus. The big takeaways? More remote work, less travel, and a new appreciation for work-life balance. ...
Tags: Virginia, Toronto, Trends, Bank Of America, Ubs, Citigroup, Airbnb, Goldman Sachs, Sequoia Capital, Morgan Stanley, Goldman, Fintech, Shopify, Blackrock, Wells Fargo, Nyse


The CEO of $1.9 billion Marqeta says it's looking to boost its headcount by 20% and is eyeing smaller startups to buy

While many startups are laying off employees to save cash, fintech Marqeta has hired 50 people in the last two months and is looking to hire more. Marqeta's card issuing platform powers fellow fintechs like Square's Cash App and on-demand delivery startups like DoorDash and Instacart. Marqeta has seen a surge in use of its product, especially for virtual cards that delivery shoppers use to pay at checkout. Expecting a wave of consolidation among early-stage startups, Marqeta's CEO Jason Gardne...
Tags: Apple, Google, US, Trends, Silicon Valley, Andreessen Horowitz, Oakland, Bay Area, Gardner, Marqeta, Gardner He, Jason Gardner, Stripe Square, Startup QuadPay, Instacart Marqeta, DoorDash Instacart


$1.9 billion fintech Marqeta is on a hiring spree and eyeing M&A as its partners like Square, DoorDash, and Instacart rely on virtual card issuing

While many startups are laying off employees to save cash, fintech Marqeta has hired 50 people in the last two months and is looking to hire more. Marqeta's card issuing platform powers fellow fintechs like Square's Cash App and on-demand delivery startups like DoorDash and Instacart. Marqeta has seen a surge in use of its product, especially for virtual cards that delivery shoppers use to pay at checkout. Expecting a wave of consolidation among early-stage startups, Marqeta's CEO Jason Gardne...
Tags: Apple, Google, US, Trends, Silicon Valley, Andreessen Horowitz, Oakland, Bay Area, Gardner, Marqeta, Gardner He, Jason Gardner, Stripe Square, Startup QuadPay, Instacart Marqeta, DoorDash Instacart


$1.9 billion fintech Marqeta is hiring more and eyeing M&A as its partners like Square, DoorDash, and Instacart race to issue virtual credit cards

While many startups are laying off employees to save cash, fintech Marqeta has hired 50 people in the last two months and is looking to hire more. Marqeta's card issuing platform powers fellow fintechs like Square's Cash App and on-demand delivery startups like DoorDash and Instacart. Marqeta has seen a surge in use of its product, especially for virtual cards that delivery shoppers use to pay at checkout. Expecting a wave of consolidation among early-stage startups, Marqeta's CEO Jason Gardne...
Tags: Apple, Google, US, Trends, Silicon Valley, Andreessen Horowitz, Oakland, Bay Area, Gardner, Marqeta, Gardner He, Jason Gardner, Stripe Square, Startup QuadPay, Instacart Marqeta, DoorDash Instacart


Fintech dealmaking has been red-hot in 2020. Here are the 7 buzzy companies insiders say Wall Street could target next.

2020 kicked off with a number of big deals that saw incumbents buying fintechs and other newer players, most recently Intuit's $7 billion deal to buy Credit Karma and Morgan Stanley's $13 billion announced deal for E-Trade. The deals show an appetite for startups with "big user bases, lots of consumer data, and proven ability to monetize those users," Peter Johnson, head of fintech investing at Jump Capital, told Business Insider. With a growing number of traditional players eager to evolve th...
Tags: UK, New York, Congress, US, San Francisco, Trends, Paypal, Johnson, Amex, Morgan Stanley, Intuit, Robinhood, Jamie Dimon, Business Insider, Credit Karma, Reeves


Experts say these 7 fintechs are prime takeover targets for 2020, including Robinhood and Chime

2020 kicked off with a number of big deals that saw incumbents buying fintechs and other newer players, most recently Intuit's $7 billion deal to buy Credit Karma and Morgan Stanley's $13 billion announced deal for E-Trade. The deals show an appetite for startups with "big user bases, lots of consumer data, and proven ability to monetize those users," Peter Johnson, head of fintech investing at Jump Capital, told Business Insider. With a growing number of traditional players eager to evolve th...
Tags: UK, New York, Congress, US, San Francisco, Trends, Paypal, Johnson, Amex, Morgan Stanley, Intuit, Robinhood, Jamie Dimon, Business Insider, Credit Karma, Reeves


These 7 fintechs are prime takeover targets in 2020, including Robinhood and Chime

2020 kicked off with a number of big deals that saw incumbents buying fintechs and other newer players, most recently Intuit's $7 billion deal to buy Credit Karma and Morgan Stanley's $13 billion announced deal for E-Trade. The deals show an appetite for startups with "big user bases, lots of consumer data, and proven ability to monetize those users," Peter Johnson, head of fintech investing at Jump Capital, told Business Insider. With a growing number of traditional players eager to evolve th...
Tags: UK, New York, Congress, US, San Francisco, Trends, Paypal, Johnson, Amex, Morgan Stanley, Intuit, Robinhood, Jamie Dimon, Business Insider, Credit Karma, Reeves


We talked to 4 VCs who backed fintechs like Stripe, Square, and TransferWise about the hottest trends to watch in the payments space

We spoke to investors at Andreessen Horowitz, Bain Capital Ventures, Citi Ventures, and Insight Partners to learn where they see the next innovations and opportunities in payments tech. Mostly, they're looking out for ways that payments companies can do more than just process transactions. That may be through add-on services, or even machine-initiated payments.  Payments is interwoven into nearly every segment of the fintech landscape, from credit card processing to online sales, to analytics ...
Tags: Apple, Facebook, Trends, Paypal, Alibaba, Square, American Express, Silicon Valley, WeWork, Andreessen Horowitz, Citibank, Mastercard, Bain Capital Ventures, Citi Ventures, Credit Karma, Wells Fargo


Fintech’s next decade will look radically different

The birth and growth of financial technology developed mostly over the last ten years. So as we look ahead, what does the next decade have in store? I believe we’re starting to see early signs: in the next ten years, fintech will become portable and ubiquitous as it moves to the background and centralizes into one place where our money is managed for us. When I started working in fintech in 2012, I had trouble tracking competitive search terms because no one knew what our sector was called. The ...
Tags: Apple, Google, Amazon, Android, Facebook, Uber, Europe, UK, Instagram, Finance, Senate, Tech, Paypal, Venture Capital, Bank, Payments


As the term ‘unicorn’ goes broke from overuse, what’s actually rare?

Alex Wilhelm Contributor Alex Wilhelm is the editor-in-chief of Crunchbase News and co-host of Equity, TechCrunch's venture capital-focused podcast. More posts by this contributor Equity transcribed: How to avoid an IPO How to avoid an IPO On Wednesday a few unicorns were born. You’ve already forgotten their names if you learned them at all (Tip: It was Marqeta and Ivalua.) Don’t worry, I’m not cross with you. It’s merely that ther...
Tags: Startups, TC, Column, Tech, Unicorns, Asimov, Marqeta, Crunchbase News, Kate Clark, Alex Wilhelm Contributor Alex Wilhelm


Startups Weekly: VCs are drunk on beverage startups

Hello and welcome back to Startups Weekly, a newsletter published every Saturday that dives into the week’s most noteworthy venture deals, fundraises, M&A transactions and trends. Let’s take a quick moment to catch up. Last week, I wrote about an alternative to venture capital called revenue-based financing and before that, I jotted down some notes on one of VCs’ favorite spaces: cannabis tech. Remember, you can send me tips, suggestions and feedback to [email protected] or on Twitter @K...
Tags: Startups, Entrepreneurship, Finance, Articles, Los Angeles, Tech, Economy, Artificial Intelligence, President, Venture Capital, Private Equity, Sam Altman, Starbucks, Louisiana, Getaround, Huawei


Marqeta procures $260 mln Series E

Oakland, California-based Marqeta, a modern card issuing platform, has raised $260 million in Series E funding. Coatue Management led the round. Source: Press Release
Tags: Trends, Oakland California, VC Deals, Marqeta


Payment card startup Marqeta confirms $260M round at close to $2B valuation

Startups that are disrupting and unlocking the lucrative world of financial services continue to unlock big fund funding rounds for themselves. Today, Marqeta — which helps third parties like Square, Affirm, DoorDash, Kabbage and Instacart build and offer card services to their customers — announced that it has raised a Series E of $260 million led by Coatue Management. Marqeta plans to use this growth round to to continue building out its platform with an emphasis on global expansion, founde...
Tags: Credit Cards, Fundings & Exits, TC, Ecommerce, Asia, Europe, London, Cards, Finance, Funding, US, Tech, Accenture, Mastercard, Reuters, Gardner


Marqeta files to raise $250M on a $1.9B valuation

The world of digital payments continues to power ahead — fuelled by the continuing growth of e-commerce and fintech — and now one of the bigger startups making waves in the secotr is raising a huge round of funding. TechCrunch has learned that Marqeta — a payment processing company that works in the area of powering payment cards on behalf of other brands along with related services — is in the process of raising $250 million on a valuation of $1.875 billion. The figures come by way of a Delawar...
Tags: Europe, Finance, Funding, US, Tech, Banking, Accenture, Max Levchin, Delaware, Reuters, Oakland CA, Iconiq, Marqeta, Granite Ventures, PrimeUnicornIndex Marqeta, Iconiq Goldman Sachs Visa


Double-Digit Funding Rounds for Fintech Startups BlueVine, Chime, Marqeta

A trio of Bay Area fintech companies announced fundraising rounds in the double-digit millions over the past week to help build out their alternative services in small business lending, consumer banking, and payment cards. Silicon Valley venture capital firm Menlo Ventures led two of the funding rounds. —BlueVine, an online lender to small and medium-sized businesses, said Tuesday it raised $60 million in a Series E equity funding led by Menlo Ventures, which first backed the Redwood City...
Tags: Deals, Mobile, Internet, Entrepreneurship, Funding, San Francisco, Trends, Web, It, Vc, Software, Bitcoin, Credit Suisse, Innovation, Venture Capital, Wireless


Marqeta lands $45 mln in ICONIQ-led round

Oakland, California-based Marqeta, an open API payment card issuing platform, has raised $45 million in new funding. ICONIQ Capital led the round with participation from other investors that included Goldman Sachs. Source: Press Release
Tags: Trends, Oakland California, VC Deals, Goldman Sachs Source, Marqeta