Marqeta picks metro Denver as second headquarters

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Marqeta, a worldwide trendy card issuing platform, has chosen the Denver space out of 17 different websites to open its second headquarters.
Marqeta, based mostly in Oakland, Calif., plans to make use of greater than 500 folks in Colorado over the subsequent eight years with a purpose of hiring 100 staff throughout the first 12 months of opening its new workplace, the corporate and state officers introduced Tuesday.
“Colorado is an rising chief in monetary expertise due to our top quality of life and proficient workforce, and I’m very excited to have an ideal firm like Marqeta make its second house in Colorado. Our state is a hub for innovation and the entrepreneurial spirit,” Gov. Jared Polis mentioned in an announcement.
Modern corporations are looking for lower-cost markets, mentioned Michelle Hadwiger, director of International Enterprise Growth on the Colorado Workplace of Financial Growth and Commerce.
“Marqeta indicators to the market that Colorado is a first-rate location for corporations looking for a various business base,” Hadwiger mentioned.
Began in 2010, Marqeta gives cost card applications to such shoppers as Uber, Sq., Instacart and DoorDash. It employs greater than 430 folks and on the finish of 2019 had issued greater than 140 million playing cards by its platform.  It operates in the US, Canada, Europe and Australia.
“We’re thrilled to be increasing Marqeta into metropolitan Denver, exporting the distinctive tradition and power from our Oakland house into a brand new metropolis and tapping right into a deep expertise pool in Colorado,” mentioned Jason Gardner, founder and CEO of Marqeta.
The state Financial Growth Fee accredited a Job Progress Incentive Tax Credit score of $5.5 million June 18 to assist land Marqeta’s second headquarters. State officers mentioned the typical annual wage of the brand new jobs is $134,472 and the positions can be in administration, finance and enterprise improvement, software program engineering, advertising, authorized and operations.

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