Marqeta raised $45 million in its latest funding round, putting the card issuing startup's total capital to date at $116 million.
The funding round was led by privately held investment firm ICONIQ Capital, with participation from Goldman Sachs Group Inc. and existing investors.
The Oakland, Calif.-based fintech company said it will use the funding to help expedite its domestic and global expansion, as well as further its position as a leader in consumer and commercial card solutions. Marqeta's clients include Instacart, Square, Affirm, Kabbage and Alipay.
Financial Technology Partners was Marqeta's strategic and financial adviser on the transaction. It was also the placement agent for the funding from ICONIQ Capital, which primarily invests in technology growth equity, venture capital, middle market buyout and real estate.
