Borrowers get their money when they need it, and you see detailed transaction data and analytics. With deeper insights into spending patterns, you can make better underwriting decisions and grow the value of your portfolio.
Use LEND to bring borrower spend into your ecosystem, increase utilization rates, and drive loan velocity – all while managing the card program through your own interface.
Download our ebook to learn how Marqeta can help you navigate the paradigm shift in alternative lending.
Marqeta powers your credit card. With CREDIT LITE, you do the underwriting, servicing, and marketing. Marqeta will power the technology and set you up with a network and card-issuing bank to get you started right away.
Kabbage chose Marqeta to develop its Kabbage Card, which enables customers to disburse funds from their business lines of credit to their Card at the point of sale. Using the Marqeta Platform’s Just-in-Time “JIT” funding feature, the Kabbage Card allows business customers to use their funds with a simple swipe to pay for office equipment, inventory, or anything else needed to grow their business.
“Kabbage creates financial solutions that support small businesses through speed, simplicity, and flexibility. By leveraging Marqeta’s Just-in-Time technology, we have enhanced our ability to connect customers with the right amount of capital at the right time.”
Just-in-Time "JIT" Funding eliminates the need for preloading a card by automatically and precisely transferring funds from an account to the card whenever a transaction happens in real-time. This adds further control and transparency for card issuers by providing all the power of an issuer processor via API without the complexity.
The Marqeta Platform includes an API that supports both virtual and physical cards. Virtual cards are immediately available (complete with card numbers) and can be converted to physical cards. Physical cards are designed by you, produced to your specifications (EMV contact, EMV contactless, or magnetic stripe), and are mailed directly to the cardholder.
The ability to gather and put to work actual user data is enabled through the use of webhooks to push data to your API, giving you the power to perform rapid analytics and accelerate product iteration. It includes a full suite of real-time event notifications and enables triggered customer communications based on actual customer behavior