Marqeta Adds 175 Jobs

Marqeta, a global card-issuing platform, has announced that it expects to create 175 new jobs across the 2019 calendar year, representing significant annual growth in headcount. The fintech, which was founded in Oakland in 2010 and is still headquartered in the city, began the year with 230 employees and expects to grow past 400 people as it heads into 2020.

In May, Marqeta closed a US$260m Series E fundraising round, which quadrupled the company’s valuation at close to US$2bn. The company expects its revenue to double in 2019, for the fourth consecutive year, and customer spending through its platform to triple.

Marqeta has added to its executive team, bringing in chief people officer Barbie Brewer (formerly of Netflix), chief legal officer Seth Weissman (formerly of Solar City – recently acquired by Tesla), with senior vice president of Operations Fiona Taylor also recently joining the company (formerly of Tesla).

“Marqeta was founded and took shape in Oakland and it has been immensely satisfying to see such a strong local tech hub form in parallel with our own growth over the last decade,” said Jason Gardner, founder and CEO of Marqeta. “We’ve built real, meaningful open API card issuing and processing technology that is set up to have generational impact in the payment industry. Oakland has been the ideal home for these innovations, both an intricate part of the Silicon Valley ecosystem, with its own unique sense of community and individualism.”