Marqeta raises funding.

BANKING AND CREDIT NEWS-May 22, 2019--Marqeta raises funding

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Global Banking News - 22 May 2019

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Goldman Sachs (NYSE: GS)-backed Marqeta has announced that it has raised funding.

The firm, a California-based payments company that drives firms such as Square, Instacart, and other start-ups, said that it had closed the funding round on Tuesday.

The funding round has brought the valuation of the firm to USD2bn. It announced a USD260m Series E round led by hedge fund Coatue Management. The...

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