Marqeta snags USD14m for reward generating payment platform

marqeta

Received funding

Marqeta, a San Francisco-based firm that offers users in-store credit if they prepay for items, has received USD14m in a Series B funding round led by existing investor Greylock Partners and new investor Commerce Ventures.

Marqeta, which launched in 2010, claims that by using its Marqeta Card and prepaying for items, retailers will reward users with store credit. Marqeta says it will use the funds to expand into the US market more aggressively and to introduce new features.      

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