<div>
  <p>
  </p>
  <ul>
    <li>
      <p>
        OakNorth, UK-based neobank serving SMEs, has partnered with Marqeta, a financial services platform, to offer a commercial card service for OakNorth's business customers.
      </p>
    </li>
    <li>
      <p>
        With this partnership, OakNorth&rsquo;s SME customers can access services typically exclusive to commercial banking customers, such as deposit accounts and automated bill payment tools.&nbsp;
      </p>
    </li>
    <li>
      <p>
        Additionally, by leveraging Marqeta's platform, these businesses will be able to better track spending and manage cash flows, which is a noticeable challenge among UK SMEs.
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://www.marqeta.com/blog/marqeta-partners-with-oaknorth-to-offer-commercial-cards-in-the-uk">
      Company blog
    </a>
  </p>
</div>


Neobanks

PROMINENT_CATEGORY

<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

Democratizing financial technology with a suite of API-based solutions

FinTech Infrastructure

<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>Marqeta reported a steeper loss per share of USD 0.08 for Q4 2023, compared to its Q4 2022 loss of USD 0.05 per share. However, this outperformed the forecasted analyst loss per share of USD 0.09. Q4 revenue sunk by 42% YoY to USD 118.8 million, from USD 203.8 million previously, still managing to exceed analyst predictions of USD 110.4 million.</p>

 <p>The company's full-year FY2023 disclosed a per share loss of USD 0.42, a larger loss than documented in FY2022, which was USD 0.34. Despite the increased loss, this surpassed consensus projections for a loss per share of USD 0.43. FY2023's total revenue slipped by 10% YoY, reaching USD 676.2 million, compared to FY2022's USD 748.2 million. But again, this beat consensus estimates of USD 668.8 million. The loss in Q4 and the FY2023's overall revenue was largely due to contract renewal with Cash App and changes to revenue presentation.</p>

 <p>The company saw early successes with various embedded finance use cases across different sectors following the launch of Marqeta’s new <a href="https://sp-edge.com/updates/23011">credit card-issuing platform</a> in October 2023. Internet Travel Solutions, a travel management platform, and Affinipay, a provider of payment and software solutions, were among the early adopters of the new platform.</p>

 <p>In FY2023, Marqeta entered several partnerships, including with <a href="https://sp-edge.com/updates/20016">FitBank</a> in July 2023, <a href="https://sp-edge.com/updates/22806">ScalaPay</a> in October 2023, and <a href="https://sp-edge.com/updates/24333">Credi2</a> in November 2023, to extend its product reach and expand its payment network.</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>

Marqeta partners with SDK Finance to expand customer base

The HTML code provided is as follows:

<div>
 <p>Marqeta, a card issuing infrastructure provider, has partnered with Credit2 (a platform offering loan originations, account management, and related services), an embedded finance solution provider, to offer installment payments with European banks.</p>
 <p>Through this collaboration, Marqeta and Credi2 intend to meet the rising customer demand for flexible digital payment methods by leveraging Marqeta’s card issuing technology with Credi2’s installment payment capabilities and facilitating European banks to offer installment payments.&nbsp;&nbsp;&nbsp;</p>
</div>

In summary, Marqeta and Credit2 have teamed up to provide installment payment solutions with European banks. This partnership aims to address the growing demand for flexible digital payment methods and utilize Marqeta's card issuing technology along with Credit2's installment payment capabilities. <p><b>Analyst QuickTake: </b> Today’s news on Marqeta comes nearly two weeks after the company reported its <a href="https://sp-edge.com/updates/23616"> Q3 results </a> , where the company indicated plans to grow its partnerships outside of the US. Moreover, the company has entered several partnerships with foreign companies earlier this year. This includes partnering with <a href="https://sp-edge.com/updates/22806"> Scalapay </a> to expand product reach across Europe (October) and <a href="https://sp-edge.com/updates/20016"> Fitbank </a> to expand to Brazil (July).&nbsp;</p>

Marqeta partners with Credi2 to offer installment payments with European banks

DISRUPTOR_PRESENT

The HTML code represents a div element containing an unordered list (ul). The list consists of four list items (li). Each list item contains a paragraph element (p) with text content.
The first list item provides information about Marqeta's loss per share in Q3 2023, which remained unchanged YoY but missed analyst-estimated loss per share.
The second item mentions a 43% YoY decline in net revenue to USD 108.9 million, but it exceeded consensus estimates. The decline was due to a contract renewal and changes in revenue presentation.
The third item highlights Marqeta's extended partnerships with Block, continuing the Square Debit Card and Cash App programs until June 30, 2028, making Marqeta the default provider outside the US.
The fourth item mentions Marqeta's announcement of a new credit platform during the quarter, including credit card program management tools and consumer and commercial credit programs.

Marqeta’s Q3 revenue beats analyst estimates; expands partnerships with Block

The given HTML represents a basic structure of a div element containing an unordered list (ul). The ul contains two list items (li). Each list item contains a paragraph (p) element with some content. The content of the paragraphs describes the announcement of Marqeta, an API-based card-issuing platform, launching a new credit card-issuing platform. This new platform aims to enable FinTechs and non-financial services companies to offer consumer and commercial credit card programs. The platform offers various features, including personalized rewards, Just-in-Time Funding functionality, instant card tokenization, and card management services. <p><b>Analyst QuickTake: </b> Marqeta’s new credit card-issuing platform launch targeting consumer and commercial credit programs comes concurrently with card-issuing platform <a href="https://sp-edge.com/companies/1607468"> Highnote </a> ’s announcement on expanding its product offerings to support consumer credit programs.</p>

Marqeta launches new credit card-issuing platform

Buy Now, Pay Later

<div>
  <ul>
    <li>
      <p>Marqeta, a card issuing infrastructure provider, has partnered with Scalapay, an Italian buy-now-pay-later (BNPL) provider, to grow its product reach across Europe.</p>
    </li>
    <li>
      <p>Through this partnership, Marqeta will be expanding its product reach by allowing Scalapay to leverage its platform to issue virtual cards, which allow users to make flexible payments for online and in-store transactions.</p>
    </li>
  </ul>
</div> <p><b>Analyst QuickTake: </b> In recent months, we have seen several FinTech infrastructure providers partnering with <a href="https://sp-edge.com/industry/58"> BNPL </a> players to support increasing product reach initiatives and grow geographically across different product verticals, such as <a href="https://sp-edge.com/updates/22618"> Credova partnering with Bravo Store Systems </a> (October), <a href="https://sp-edge.com/updates/21990"> Sezzle partnering with WooCommerce </a> (September), <a href="https://sp-edge.com/updates/21761"> Zip partnering with Primer </a> (September), and <a href="https://sp-edge.com/updates/21658"> Klarna partnering with APEXX Global </a> (September).</p>

Marqeta partners with Scalapay to expand product reach across Europe

<div>
 
 <ul>
  <li><p>Marqeta, a card issuing infrastructure provider, has partnered with Scalapay, an Italian buy-now-pay-later (BNPL) provider, to grow its product reach across Europe.</p></li>
  <li><p>Through this partnership, Marqeta will be expanding its product reach by allowing Scalapay to leverage its platform to issue virtual cards, which allow users to make flexible payments for online and in-store transactions.&nbsp;</p></li>
 </ul>
 
</div> 
Marqeta has partnered with Scalapay to expand its product reach across Europe. As part of this partnership, Scalapay will be using Marqeta's platform to issue virtual cards, enabling users to make flexible payments for online and in-store transactions. <p><b>Analyst QuickTake: </b> In recent months, we have seen several FinTech infrastructure providers partnering with <a href="https://sp-edge.com/industry/58"> BNPL </a> players to support increasing product reach initiatives and grow geographically across different product verticals, such as <a href="https://sp-edge.com/updates/22618"> Credova partnering with Bravo Store Systems </a> (October), <a href="https://sp-edge.com/updates/21990"> Sezzle partnering with WooCommerce </a> (September), <a href="https://sp-edge.com/updates/21761"> Zip partnering with Primer </a> (September), and <a href="https://sp-edge.com/updates/21658"> Klarna partnering with APEXX Global </a> (September).</p>

All Updates

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

Marqeta partners with Credi2 to offer installment payments with European banks

Marqeta’s Q3 revenue beats analyst estimates; expands partnerships with Block

Marqeta launches new credit card-issuing platform

Marqeta partners with Scalapay to expand product reach across Europe

Marqeta partners with Scalapay to expand product reach across Europe