Marqeta Partners with OakNorth to Offer Commercial Cards in the UK, Embracing Growing Small and Medium-Sized Business Demand for Better Banking Tools
Marqeta, Inc. - Class A (MQ)
Company Research
Source: Business Wire
Leading UK digital bank OakNorth has turned to Marqeta to support its Business Banking offering and meet the growing demand for transaction banking services. OAKLAND, Calif.--(BUSINESS WIRE)--Marqeta (NASDAQ: MQ), the global modern card issuing platform that enables embedded finance solutions for the world’s innovators, today announced a partnership with OakNorth, the digital bank for entrepreneurs, by entrepreneurs, to offer a commercial card for OakNorth’s Business Banking customers. Thanks to the speed, flexibility and reliability of Marqeta’s platform, OakNorth customers will be able to see a more holistic view of their finances and more efficiently track spending and manage cash flow.Small and medium-sized businesses (SMEs) account for 99.9% of businesses in the UK and power the majority of private sector jobs. Despite being a critical part of the economy, UK SMEs are struggling, citing costs £10,000 higher in 2023 than the prior year. In addition, the Bank of England estimate
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MQ
Earnings
- 2/28/24 - Beat
MQ
Sec Filings
- 5/2/24 - Form 4
- 4/25/24 - Form ARS
- 4/25/24 - Form DEFA14A
- MQ's page on the SEC website