Card issuing firm Marqeta raises $260m

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Marqeta has raised $260 million in a Series E funding round led by Coatue Management, valuing the open API card issuing and processing platform at nearly $2 billion.

Vitruvian Partners, Spark Capital, Lone Pine Capital and Geodesic all participated in the round, joining existing investors Visa, Iconiq, Goldman Sachs, 83North, Granite Ventures, CommerzVentures and CreditEase.
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