Marqeta, an Oakland, CA-based payment innovation platform, raised $25m in Series D funding.
The round was led by Visa with participation from previous investors Commerce Ventures, 83 North, Granite Ventures, IA Capital, and CommerzVentures GmbH, as well as new investor CreditEase.
Marqeta and Visa are also announcing a multi-year, global partnership designed to drive new commercial and consumer payments experiences.
The company has raised $71m in total funding.
Founded in 2010 by Jason Gardner, CEO, Marqeta provides a documented, open API issuer processor platform to financial services, e-commerce, retail, and social media brands. The solution integrates with Visa, MasterCard and Discover to make it easy to make payments, receive payments, reward customers and create more efficient business processes.