Innovative Technology Platform Power's cloud-native, modern tech stack positions it as a leading provider of flexible and scalable credit card issuing solutions, ideal for high-growth brands seeking advanced embedded finance capabilities.
Growing Client Base Recent client acquisitions such as Perpay Inc. and Ingo Payments indicate strong market validation and opportunities to expand partnerships within the payment processing and fintech sectors.
Strategic Growth Focus Marqeta’s efforts to enhance profitability by appointing key executives like the new CFO and participating in industry events signal a strategic push for growth and increased market share, opening avenues for sales engagement.
Funding & Revenue Potential With current funding of $16M and revenue between $1M and $10M, Power offers opportunities to support scaling efforts and product integrations for clients seeking innovative credit issuing solutions.
Market Expansion Opportunities As a modern fintech platform operating within the competitive financial technology space, Power is well-positioned to target financial institutions, neobanks, and fintech innovators looking to upgrade or expand their card issuing capabilities.
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$50M$100MPower (acquired by Marqeta) uses 8 technology products and services including Engagio, Amazon S3, DoorDash, and more. Explore Power (acquired by Marqeta)'s tech stack below.
| Power (acquired by Marqeta) Email Formats | Percentage |
| First@usepower.com | 56% |
| First.Last@usepower.com | 44% |
| FLast@marqeta.com | 91% |
| FirstLast@marqeta.com | 5% |
| First@marqeta.com | 3% |
| First.Last@marqeta.com | 1% |
Financial ServicesNew York, United States51-200 Employees
Power was the first credit card issuer built on modern tech, from the ground up. Our cloud-native platform was tailored to meet the needs of high-growth brands who used Power, providing them solutions that were not been supported previously. Power was founded by Randy Fernando and Andrew Dust, and was backed by Anthemis, Fin Capital, Financial Venture Studio, CRV, Dash Fund, Plug and Play and others.
Company Overview
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Funding & FinancialsPower (acquired by Marqeta) has raised a total of $16M of funding over 2 rounds. Their latest funding round was raised on Sep 14, 2022 in the amount of $16M.
Power (acquired by Marqeta)'s revenue is estimated to be in the range of $1M$10M
Funding & FinancialsPower (acquired by Marqeta) has raised a total of $16M of funding over 2 rounds. Their latest funding round was raised on Sep 14, 2022 in the amount of $16M.
Power (acquired by Marqeta)'s revenue is estimated to be in the range of $1M$10M
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