<div>
  <ul>
    <li>
      <p>
        Payhawk, a global spend management solutions provider, has expanded its partnership with Marqeta, a global card issuing platform, to enable fraud prevention and prevent misuse of company funds by utilizing advanced card control.
      </p>
    </li>
    <li>
      <p>
        This partnership will enable Payhawks&rsquo;s Visa business cards to feature spend controls such as vendor restrictions and regulate spend caps, ATM withdrawals, online payments, and fund requests. These new features are available for its premium Visa debit and credit cards across 32 countries served by Payhawk.
      </p>
    </li>
    <li>
      <p>
        The company claims this collaboration will streamline corporate expense management and support easy spending policy enforcement, boosting security and efficiency.
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://payhawk.com/blog/payhawk-partners-with-marqeta-to-tackle-fraud">
      <b>Press release</b>
    </a>
  </p>
  <p>
  </p>
</div>


Business Expense Management

PROMINENT_CATEGORY

<div>
 <p>Payhawk, a provider of global spend management solutions, has broadened its affiliation with Marqeta, a universal card issuing platform, to enhance fraud prevention and curb misuse of corporate funds by implementing developed card control.</p>
 <p>Through this alliance, Payhawk's Visa business cards will be equipped with spend controls such as merchant restrictions and spend limits, ATM cash withdrawals, online transactions, and fund requisitions. These augmented features are issued for its premier Visa debit and credit cards in 32 countries that are under the purview of Payhawk.</p>
 <p>The firm states that this joint venture will streamline enterprise expense management and facilitate easy enforcement of spending policies, thereby improving security and efficiency.</p>
 
</div>

Payhawk partners with Marqeta to prevent fraud using advanced card controls

Democratizing financial technology with a suite of API-based solutions

FinTech Infrastructure

<div>
 
 <p>Marqeta delivered strong Q2 2024 results with an earnings per share (EPS) of USD 0.23, exceeding the previous year’s loss per share of USD 0.11 and outperforming analyst predictions of USD 0.19 EPS. The company saw a decline of 46% in net revenue from USD 231.1 million in Q2 2023 to USD 125.3 million in Q2 2024. However, this figure still surpassed analyst projections of USD 119.8 million for this quarter.</p>
 <p>The decline in net revenue occurred partly due to revenue presentation changes resulting from the company's new Cash App contract which impacted growth negatively by 60%. Despite this, Marqeta reported a 32% year-on-year (YoY) growth in total processing volume (TPV) increasing from USD 53.6 billion in Q2 2023 to USD 70.6 billion in Q1 2024. The GAAP net income reported for Q2 2024 was USD 119.1 million. However, the firm’s adjusted EBITDA was a loss of USD 1.8 million, equating to an adjusted EBITDA margin of -1%.</p>
 <p>In Q2 2024, Marqeta’s latest business moves included forming partnerships with <a href="https://sp-edge.com/updates/32035"> Visa and Affirm </a> to facilitate Visa Flexible Credential, signing a five-year agreement with <a href="https://sp-edge.com/companies/385793"> Varo Bank </a> to serve as its issuer processor, and teaming up with <a href="https://sp-edge.com/companies/2"> Zoho </a> to provide over 700,000 businesses with expense management and embedded finance solutions.</p>
 
</div>

Marqeta beats Q2 earnings and revenue estimates; reports 32% YoY growth in total processing volumes

Making banking work, without the paperwork

Neobanks

<div>
 
<p>Varo Bank, a neobank catering to consumers, has entered into an exclusive five-year processor agreement with Marqeta, a card-issuing platform. The main aim of this collaboration is to enhance Varo's card-issuing technology and transaction management, and to provide digitized wallet tokenization with Apple and Google Wallets.</p>

</div>

Varo Bank signs five-year exclusive issuer processor deal with Marqeta

INCUMBENTS_PRESENT

<div>
 
 <p>Card issuing platform, Marqeta, has teamed up with Visa and Buy Now Pay Later (BNPL) service Affirm for the Visa Flexible Credential. This service will allow users to consolidate different payment methods like debit, credit, BNPL, and rewards points within a single card.</p>
 <p>Visa Flexible Credential, Marqeta's payment technology, and Affirm's BNPL and underwriting technology are integrated through this partnership. It aims to provide Marqeta cardholders with a comprehensive, flexible payment option which includes swapping between debit, credit, 'pay-in-four' BNPL and rewards point payment methods.</p>
 <p>Marqeta obtained official approval for the Visa Flexible Credential in May 2024. As a result of this partnership, Marqeta cardholders from selected customers will be given access to various payment options.</p>
 
</div>

Marqeta partners with Visa and Affirm to enable Visa Flexible Credential

<div>

 <p>In Q1 2024, Marqeta reported a decrease in loss per share to USD 0.07, compared to the USD 0.13 loss per share in Q1 2023, beating the analyst-estimated loss per share of USD 0.08. However, total revenue declined by 46% YoY to USD 118.0 million, down from USD 217.3 million in Q1 2023.</p>
 <p>Marqeta's total processing volume (TPV) for Q1 2024 increased by 33% YoY to USD 67 billion due to volume growth across various applications. The GAAP net loss was USD 36 million, while the adjusted EBITDA was a positive USD 9 million, representing an 8% adjusted EBITDA margin.</p>
 <p>Among recent business developments, Marqeta expanded its UberEats partnership, which began in 2020, to eight new markets; Canada, Australia, Mexico, Brazil, Colombia, Peru, Chile, and Costa Rica. They also launched the new Klarna Card in partnership with <a href="https://sp-edge.com/companies/35375"> Klarna </a> offering US users flexible payment options and cash-back benefits within the Klarna app. Additionally, a partnership with <a href="https://sp-edge.com/companies/999264"> Rain </a> resulted in the launch of the Rain Card, a branded debit card allowing employers to pay employees. The Rain Card is used for wage disbursement by multinational customers like McDonald’s, Taco Bell, Hilton, and Marriott.</p>
 <p>Marqeta's board of directors has authorized a new share repurchase program worth up to USD 200 million of its Class A common stock, expressing confidence in the company's business outlook. The company's share price increased by 1.57% after the earnings announcement.</p>

</div>

Marqeta narrowly misses Q1 FY2024 revenue estimates despite growth in transaction volume and expanded reach

<div>
 
 <p>OakNorth, a neobank from the UK that serves SMEs, is collaborating with financial services platform, Marqeta, to provide a commercial card service to its business clientele.</p>
 <p>This collaboration allows OakNorth’s SME clients to enjoy services often only accessible to commercial banking clients, like deposit accounts and automated bill payment tools.</p>
 <p>Leveraging Marqeta's platform, these SMEs will have better expenditure tracking and cash flow management capabilities, which is a significant challenge for many UK SMEs.</p>
 
</div>

OakNorth partners with Marqeta to offer commercial card for SMEs

Helping employers provide personalized, high-touch, and holistic financial wellness tools to their entire workforce.

Financial Wellness Tools

ANALYST_QUICK_TAKE

<div>
 
 <p>Marqeta, a card issuing infrastructure provider, is partnering with financial wellness platform Rain to launch the Rain Card, a branded debit card for employers to access earned wages.</p>
 <p>Rain will use Marqeta’s card issuing abilities to create a debit card aimed at reducing dependency on credit and promoting better financial management. This collaboration also provides Marqeta with an expanded product reach and growth in transaction processing volumes.</p>
 <p>Rain's customer base includes global brands like Hilton, McDonald’s, Arby’s, and Subway, and spans various industries including restaurants and hospitality, healthcare, and retail.</p>
 
</div> <p><b>Analyst QuickTake:<br>
 </b> Marqeta also launched a <a href="https:<br>
//sp-edge.com/updates/23011"> credit card-issuing platform </a> supporting consumer and commercial credit programs in October last year. This partnership follows nearly two months after <a href="https:<br>
//sp-edge.com/companies/999264"> Rain </a> secured USD 300 million via a <a href="https:<br>
//sp-edge.com/updates/27208"> credit facility </a> to expand product offerings, which also marks the highest amount in funding raised for the year by a disruptor in the financial wellness space.</p>

Marqeta announces partnership with Rain to launch Rain Card

<div>
 
 <p>Card issuing infrastructure provider, Marqeta, has teamed up with Rain, a financial support and wellness platform for employers. They are launching the Rain Card, a branded debit card that enables employers to access earned wages instantly.</p>
 <p>With this partnership, Rain aims to utilize Marqeta's card issuing abilities to launch a branded debit card. This debit card offers users access to their earned wages, encouraging less reliance on credit and better financial management. Marqeta, on the other hand, enjoys broader product reach and increased transaction processing volumes due to this collaboration.</p>
 <p>Among Rain's current clientele are global brands such as Hilton, McDonald’s, Arby’s, and Subway, spanning various industries like restaurants and hospitality, healthcare, and retail.</p>
 
</div> <p><b>Analyst QuickTake:<br>
 </b> Marqeta also launched a <a href="https:<br>
//sp-edge.com/updates/23011"> credit card-issuing platform </a> supporting consumer and commercial credit programs in October last year. This partnership follows nearly two months after <a href="https:<br>
//sp-edge.com/companies/999264"> Rain </a> secured USD 300 million via a <a href="https:<br>
//sp-edge.com/updates/27208"> credit facility </a> to expand product offerings, which also marks the highest amount in funding raised for the year by a disruptor in the financial wellness space.</p>

<div>
 
 <p>In Q4 2023, Marqeta registered a loss per share of USD 0.08, an increase from Q4 2022's USD 0.05. However, this was less than the predicted USD 0.09 for Q4 2023. Furthermore, the company experienced a 42% yearly drop in total revenue, from USD 203.8 million in Q4 2022 to USD 118.8 million in Q4 2023. This figure nonetheless exceeded the estimated USD 110.4 million revenue for Q4 2023.</p>
 <p>The full-year loss per share for FY2023 was USD 0.42, again higher than FY2022's USD 0.34, but less than the expected USD 0.43. The total revenue for the year was USD 676.2 million, a 10% decrease from FY2022's USD 748.2 million, beating consensus estimates of USD 668.8 million. Changes to revenue presentation and contract renewal with Cash App mainly led to the revenue drop in Q4 and FY2023.</p>
 <p>Marqeta introduced its <a href="https://sp-edge.com/updates/23011"> credit card-issuing platform </a> in October 2023. This platform saw use in various sectors, such as professional spend management, travel, and entertainment. Early clients included <a href="https://sp-edge.com/companies/472548"> Affinipay </a> , a provider of payment and software solutions, and <a href="https://sp-edge.com/companies/1596011"> Internet Travel Solutions </a> , a travel management platform.</p>
 <p>In FY2023, Marqeta formed several strategic partnerships to expand its payment network and product reach. These partners included<a href="https://sp-edge.com/updates/20016"> FitBank </a> in July, <a href="https://sp-edge.com/updates/22806"> ScalaPay </a> in October, and <a href="https://sp-edge.com/updates/24333"> Credi2 </a> in November.</p>
 
</div>

Marqeta Q4 and FY2023 earnings beat analyst estimates; achieves early traction with card-issuing platform

<div>
  <p>
    Marqeta, a card issuing infrastructure provider, has partnered with SDK Finance, a digital wallet and neo-banking infrastructure provider, to expand its customer base. They plan to accomplish this by extending the reach of Marqeta's payment APIs.
  </p>
  <p>
    The collaboration will enable Marqeta to offer its cloud-based payment APIs to SDK Finance customers. This will allow these customers to issue and manage instant virtual or physical cards, access digital wallet functions, implement spend control, and utilize other related services.
  </p>
</div> <p><b>Analyst QuickTake: </b> Marqeta has entered several partnerships during the year to expand its presence. Last month, the company <a href="https://sp-edge.com/updates/24333"> partnered with Credi2 </a> to offer installment payments with European banks after partnering with several foreign companies&nbsp; <a href="https://sp-edge.com/updates/22806"> Scalapay </a> (October) and <a href="https://sp-edge.com/updates/20016"> Fitbank </a> (July) to expand its reach in Europe and Brazil, respectively.&nbsp;</p>

All Updates

Payhawk partners with Marqeta to prevent fraud using advanced card controls

Marqeta beats Q2 earnings and revenue estimates; reports 32% YoY growth in total processing volumes

Varo Bank signs five-year exclusive issuer processor deal with Marqeta

Marqeta partners with Visa and Affirm to enable Visa Flexible Credential

Marqeta narrowly misses Q1 FY2024 revenue estimates despite growth in transaction volume and expanded reach

OakNorth partners with Marqeta to offer commercial card for SMEs

Marqeta announces partnership with Rain to launch Rain Card

Marqeta announces partnership with Rain to launch Rain Card

Marqeta Q4 and FY2023 earnings beat analyst estimates; achieves early traction with card-issuing platform

Marqeta partners with SDK Finance to expand customer base

Business Expense Management

Payhawk partners with Marqeta to prevent fraud using advanced card controls

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