Again in 2019, a16z uttered the now notorious, “Each firm will change into a fintech firm.”
Embedded finance was poised to tackle the world in a giant means. Belief in conventional banks was at report lows, and the tech had developed sufficient to make integrating monetary companies into the material of any firm a comparative breeze.
4 years on, and the a16z prophecy appears to be materializing. Manufacturers are rolling out monetary merchandise, and their prospects are demanding much more.
Immediately, Marqueta made one other step of their path to meet this demand. Having already made their mark as a debit card issuing associate, they launched a bank card issuing platform.
It’s been a very long time coming. The corporate acquired Energy Finance, a bank card program administration agency, earlier this 12 months. After a couple of months of tinkering round within the again finish, they will now assist manufacturers’ end-to-end issuance of bank cards.
The plan now could be to match purchasers with their banking companions, streamlining co-branded bank card issuance.
FEATURED
Marqeta updates platform to assist credit score issuing, embedded finance
By Kate Fitzgerald
FROM FINTECH NEXUS
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