Transaction · Embedded Finance · 2022

Marqeta / Power Finance 2022

Marqeta acquired Power Finance for $275M on August 22, 2022.

Target: Power Finance
Acquirer: Marqeta
Deal value: $275M
Deal type: Cash
Announced: August 22, 2022
Sub-sector: Embedded Finance

Marqeta picks up cloud-native credit card management platform to compete with Galileo/Synctera and own the full embedded-credit stack.

Deal value: $275M
Target revenue: —
Target EBITDA: —
EV / Revenue: —
EV / EBITDA: —
Announcement: August 22, 2022
Close date: October 1, 2022
Acquirer: Marqeta (Strategic)
Target HQ: United States
Deal type: Cash
Sub-sector: Embedded Finance

Source: marqeta.com