Marqeta Acquires Power Finance, Inc.
January 30, 2023
Marqeta acquired credit card program management platform Power Finance, strengthening Marqeta's credit capabilities and accelerating its ability to offer modern credit products. The all-cash transaction announced January 30, 2023 (and completed in early February 2023) included approximately $223 million in cash plus up to $52 million in milestone payments.
- Buyers
- Marqeta
- Targets
- Power Finance, Inc.
- Industry
- Payments & Fintech
- Location
- New York, United States
- Transaction Type
- Buyout
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