Marqeta raised $45M led by Iconiq for payment card processing technology, reportedly at a $545M valuation

On the heels of payment processing startup Adyen  pricing its IPO in Europe to raise $1 billion, another startup working in the area of digital payment processing has raised a significant growth round. Marqeta, a startup out of Oakland that works with businesses for payment-card related services, including instant card-based payments and issuing their own branded credit cards, has raised $45 million led by Iconiq.

Marqeta says it plans to use its Series D to keep focussing on developing more solutions, as well as take its business international.