Marqeta is currently experiencing significant growth across Europe.

As a result of this momentum, the financial services company has appointed a new European lead, Marcin Glogowski, as Senior Vice President and Managing Director Europe and UK CEO. Marcin will be responsible for leading Marqeta across the region, particularly as the company experiences continued strong traction in the European market - growing 86% in total processing volume year-over-year (Q1 2023 - Q1 2024).

Additionally, Marqeta announces new partnerships with Trade Republic, the largest savings platform in Europe, in addition to existing partner Lydia Solutions’ new digital bank, Sumeria. These collaborations seek to help customers achieve greater business growth.

PayPal veteran to drive company expansion

Marcin, who recently oversaw the Central Eastern European area at PayPal, has joined Marqeta and is now in charge of overseeing the company's European Go-To-Market team. As general manager, Marcin was in charge of sales and growth strategy for thirty markets throughout Europe.

"I was really moved by Marceta's vision of the future of brand loyalty, which is centered around embedded finance. My choice to join the firm was motivated by the enormous unexplored European market and development possibilities, adds Marcin. "I'm excited to lead Marqeta's European team in order to further expand our clientele and business."

Marcin worked as a strategic consultant for ten years, before joining PayPal, for international financial services companies in Europe and other regions. He will work out of the company's recently enlarged London office with Marqeta.

"The growth of our business in Europe speaks volumes to the global appeal of our platform among fintechs and embedded finance customers," says Marqeta CEO Simon Khalaf.

"Marqeta is pleased to have Marcin join the team. His regional knowledge will help us advance our business in the UK and Europe and will enable us to support our clients in scaling and seizing new chances to improve their card programs and achieve higher levels of business growth."

Marqeta: Encouraging European Embedded Finance

Since its founding in 2010, Marqeta has collaborated with prominent European firms in the market, including other industry leaders like Klarna, Uber, Western Union, and Lydia Solutions.

Concerning Marceta:

• A contemporary platform for issuing cards

• enables users to design unique, personalized payment cards and integrated financing services

• based in California as its headquarters

• operates in more than 40 countries

In order to increase revenue, the firm is eager to keep entering new markets and providing card issuance and embedded financial capabilities to its clients. Customers may launch card goods in over 40 regions with only one integration thanks to its global platform, which saves time and effort.

Its digital platform allows users to create more customized payment experiences and is driven by open APIs. Accelerating product development and democratizing access to card issuing technologies are just a couple of the advantages this may provide.

With quick access to a cloud-based payment infrastructure made possible by Marqeta's contemporary design, users may initiate and oversee their own card programs, issue cards, and complete transactions.

In order to give consumers of the new digital bank Sumeria—which will deliver a highly customized experience through an accessible app—detailed real-time views of their accounts and transactions, the business will also issue tokenized, virtual, and physical cards.

Marqeta collaborated with Lydia Solutions in 2019 to enable its peer-to-peer payments app, and Lydia Solutions is in charge of managing Sumeria. With Marqeta's platform allowing dynamic capabilities to assure security and compliance and providing clients with real-time visibility into their accounts and transactions, Sumeria now promises to simplify banking with its easy navigable app.

Similarly, Trade Republic is leveraging Marqeta to enable a cutting-edge consumer debit card for its four million users that integrates savings and spending. In 2022, Marqeta first signed with Trade Republic.