Marqeta, one of the newest and most innovative card issuing platforms, has agreed to acquire Power Finance, a financial services company, for $275 million. The objective of the acquisition is to “substantially accelerate the capabilities” available in Marqeta’s credit offering. By merging Power’s data science toolset, and its capacity to embed experiences inside current mobile and online applications, the acquisition will allow Marqeta customers to develop a wide range of credit products.
Marqeta Announces Plans to Acquire Power Finance, Inc.
