Marqeta, Inc. (MQ) To Acquire Power Finance

Go back to Marqeta, Inc. (MQ) To Acquire Power Finance

Marqeta Announces Agreement To Acquire Power Finance, Inc.

January 30, 2023 8:30 AM EST

The acquisition of Power Finance, a modern credit card program management platform, strengthens Marqetas credit capabilities and enhances its leadership in modern card issuing across all card types.

OAKLAND, Calif.--(BUSINESS WIRE)-- Marqeta (NASDAQ: MQ), the global modern card issuing platform, announced today that it has entered into an agreement to acquire credit card program management platform Power Finance, Inc. (Power). The deal is expected to close in the first quarter of 2023, subject to the satisfaction of customary closing conditions.

Were thrilled to welcome the Power... More