Quontic punches above its weight 13 years after launching as a community bank on Long Island, and it recently launched in the metaverse.
The canary is now 10+ years old as prominent platforms like SoFi and Upstart launched in the early 2010s, and Freedom Financial (now Achieve) has been around for two decades.
Marqeta reported solid earnings for the third quarter of 2023 showing significant growth in card processing volume and reduced losses.
Jason Gardner, founder, and CEO of Marqeta, took to the main stage to announce the launch of banking as a service.
In Khalaf's first earnings call as CEO of Marqeta he outlined his intention to steer the company to embedded finance in the new year.
Embedded finance and buy now, pay later (BNPL) are hotbeds of innovation, and Marqeta is in the middle of the action, CEO Simon Khalaf said.
The Prosperity Passport initially allows users to mint soulbound tokens for user verification and credit scores.
Mastercard added nine open banking fintechs to the Engage partner network and seven new companies to the Start Pat startup incubator.
The credit giant is adding advanced analytics to further assist lenders in managing their risk profiles while adding expanded credit models for small business loans and credit-card lines.
The healthcare payments system is rife with confusion and over-billing. HealthLock and Mastercard partner to bring clarity to millions.