| Founded | 2010 |
|---|---|
| Closed | 2022 |
| Country | USA |
| Sector | Fintech |
| Total raised | 527 |
| Collapse type | Sudden Collapse |
| Founder | Jason Gardner |
Marqeta
"Modern card issuing API that IPO'd at $15B — then Block contract renewal exposed 70% customer concentration"
Unexpected shutdown within weeks of a trigger
Key Events Timeline
Marqeta built the API infrastructure that powers modern card programs — Block's Cash App card, DoorDash's driver debit card, Klarna's payment card.
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