Bank Innovation
JUNE 5, 2018
Card-issuing platform Marqeta sees a lot of potential in working with challenger banks across Europe, and to fuel this opportunity, the Oakland, Calif.-based based company took in $45 million in funding, Jason Gardner, founder and CEO, told Bank Innovation. Investors in this funding round include VC firm ICONIQ Capital and Goldman Sachs.
Bank Innovation
JANUARY 31, 2018
Goldman Sachs has agreed to purchase fintech startup firm Final, as a part of its efforts to expand in retail-banking products. Oakland-based Final is a credit card service, which announced that it would close its card portfolio back in December. Terms of the transaction were not disclosed.
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Payments Source
SEPTEMBER 29, 2020
The Oakland, Calif.-based based startup’s Marqeta Tokenization-as-a-Service enables banks or fintechs to instantly add credit, debit or prepaid cards to a digital wallet by directly managing tokens instead of going through a third party, Marqeta announced on Tuesday.
PYMNTS
SEPTEMBER 15, 2017
The favored narrative about banks and FinTech startups is generally not a love story. Whereas FinTechs are undoubtedly newer and faster – risen from the digital age to put banks out of business – they aren’t always able to take deposits or keep some of those associated warranties. Usually, it is more of an all-out war story.
Bank Innovation
APRIL 18, 2016
Last week we observed an upsurge in collaborations between startups and financial institutions, but this week is all startup glory. There are some old pros still doing us proud with 9-figure rounds, like Affirm, but a major Korean vital force is not far behind, in the form of e-commerce and seriously chill Read More.
BankInovation
JANUARY 30, 2023
Payments fintech Marqeta announced today it will acquire credit card management platform Power Finance in an all-cash transaction to help supplement its credit offerings. The Oakland, Calif.-based based fintech (NASDAQ: […]
Fintech Labs Insights
SEPTEMBER 3, 2020
At one time or another, every consumer fintech company wonders if they should buy a bank. But most fintech startups want to buy a ticket to the financial rails, not a large customer base. But we haven’t seen a pre-revenue, basically a stealth fintech startup, buy a bank. The 18 Fintech Startups in the 2020 INC 500.
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