Fintech Marqeta is raising $250 million in funding on a $1.875 billion valuation, PrimeUnicornIndex has announced. Since the funding round isn’t yet closed, the exact figures aren’t final. Among its investors, Marqeta can find Granite Ventures, Visa, Goldman Sachs and ICONIQ Capital. The series E will see the price share at $3.9, over three times higher than in series D.
This digital banking startup is building “highly configurable” payment cards for other brands on top of other payment solutions. Marqeta’s clients include fintechs like payment company Square and Alipay. According to Reuters, Marqeta has also started looking into expanding to Europe and has opened an office in London, where challenger banks like N26 or Revolut have been gaining popularity.