Marqeta completed its $260m Series E fundraise.

Marqeta, a Payment card startup, completed its $260m Series E fundraise. This new funding values Marqeta at nearly $2 billion The company plans to use this growth round to continue building out its platform with an emphasis on global expansion. “We believe that the company has a world-class team, industry-leading technology, and the ability to bring about a profound change in card issuing and the global payments infrastructure. The company’s momentum over the last several years is a testament to the team’s hard work and the scale of the opportunity at hand,” Kris Fredrickson, Coatue Management Partner.