Marqeta and Spendesk Financial Services Join Forces to Offer Modern and Efficient Expense Management for Over 4,000 SMBs Across Europe
LONDON, March 10, 2025--(BUSINESS WIRE)--Marqeta (NASDAQ: MQ), the global modern card issuing platform that enables embedded finance solutions for the world's innovators, today announced that it has become the issuer processor for Spendesk Financial Services (SFS) in Europe, the payment institution powering and fully owned by Spendesk. Spendesk, Europe's leading spend management and procurement solution, leverages this combined technology to enable its medium-sized business customers to monitor budgets, customise spend controls, and boost efficiency.
Spendesk is the leading spend management and procurement platform that transforms company spending. By simplifying procurement, payment cards, expense management, invoice processing, and accounting automation, its single, AI-powered solution makes efficient spending easy for employees and gives finance leaders the full visibility and control they need. Spendesk's financial offerings are enabled by Spendesk Financial Services, offering real-time card processing, secure transactions, and spend controls (in collaboration with Marqeta), alongside expense management and a new procure-to-pay solution. Additionally, it seamlessly integrates with existing accounting and financial software through its APIs and native integrations.
"Expense management and procurement solutions are vital for medium-sized businesses looking to increase financial control, achieve consistent growth, and improve cash flow," said Stephane Dehaies, CEO of Spendesk Financial Services. "Marqeta's open API platform is the perfect fit for our business, and will support us as we continue to lead the industry with innovative, end-to-end spend management solutions, providing businesses with greater visibility and control, even as they scale."
"In our work with Spendesk, we're helping businesses take the hassle out of expense management and assist SMBs in accessing better financial tools for their business," said Marcin Glogowski, SVP and Managing Director, Europe, and UK CEO at Marqeta. "Marqeta's platform makes it simple for employees to make safe, policy-friendly purchases while keeping spending aligned with company goals. We're a trusted ally for them, seamlessly embedded into Spendesk's systems to help their customers scale, ultimately simplifying their spend management at a time of added competitive pressures."
Through Marqeta's flexible, all-in-one platform, Spendesk Financial Services has easily integrated Marqeta's card processing services into its Core Banking Platform, providing its customers with both physical and virtual cards that can be tailored to each business's needs. This integration enhances Spendesk's complex B2B spend management by providing dynamic spend controls that efficiently and securely screen and authorise expenses in real time. Thanks to Marqeta's platform, managers at companies using Spendesk can restrict card usage to specific times and spending categories, flagging any unusual transactions and allowing them to immediately approve or deny a transaction if necessary, resulting in significantly less friction.
About Marqeta
Marqeta makes it possible for companies to build and embed financial services into their branded experience—and unlock new ways to grow their business and delight users. The Marqeta platform puts businesses in control of building financial solutions, enabling them to turn real-time data into personalized, optimized solutions for everything from consumer loyalty to capital efficiency. With compliance and security built-in, Marqeta's platform has been proven at scale, processing nearly $300 billion in annual payments volume in 2024. Marqeta is certified to operate in more than 40 countries worldwide. Visit www.marqeta.com to learn more.
About Spendesk
Spendesk is the complete spend management and procurement platform that saves businesses time and money by connecting company spend. With the integration of everyday technologies, built-in automation, procurement, and an easily adopted approval process, Spendesk's single solution makes agile, efficient spending easy for employees and gives finance leaders complete visibility across entire company spend. Trusted by thousands of businesses from start-ups to established brands, and with offices in Paris, London, Berlin and Madrid, Spendesk puts community at the heart of spend management. Spendesk-backed CFO Connect is the fastest-growing global community of finance leaders with more than 12,000 members. For more information, visit: https://www.spendesk.com/en/press/
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements expressed or implied in this press release include, but are not limited to, quotations and statements relating to changing consumer preferences; increasing consumer adoption of certain digital payment methods, products, and solutions; which payment, banking, and financial services products and solutions may succeed; technological and market trends; Marqeta's business; Marqeta's products and services; and statements made by Marqeta's senior leadership. Actual results may differ materially from the expectations contained in these statements due to risks and uncertainties, including, but not limited to, the following: any factors creating issues with changes in domestic and international business, market, financial, political and legal conditions; and those risks and uncertainties included in the "Risk Factors" disclosed in Marqeta's Annual Report on Form 10-K, as may be updated from time to time in Marqeta's periodic filings with the SEC, available at www.sec.gov and Marqeta's website at http://investors.marqeta.com. The forward-looking statements in this press release are based on information available to Marqeta as of the date hereof. Marqeta disclaims any obligation to update any forward-looking statements, except as required by law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250310341981/en/
Contacts
Jordan Fellowspress@marqeta.com
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
21 minutes ago
- Yahoo
SS&C Technologies Increases its Common Stock Dividend 8% to $1.08 Annually
WINDSOR, Conn., August 18, 2025--(BUSINESS WIRE)--SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced its Board of Directors has approved a dividend of $1.08 per share annually, an 8% increase from the prior annual rate. The next quarterly dividend of $0.27 per share will be paid on September 15, 2025, to stockholders of record as of the close of business on September 2, 2025. Bill Stone, Chairman and CEO, commented: "SS&C continues to grow, generating net cash from operating activities of $645.1 million in the first half of 2025 – up 14.1% from the same period a year ago. As part of our goal to create long-term shareholder value, our capital allocation strategy includes increases to our dividend. SS&C sees many opportunities ahead, and we will continue to exercise prudent cash flow management." About SS&C Technologies SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. More than 22,000 financial services and healthcare organizations, from the world's largest companies to small and mid-market firms, rely on SS&C for expertise, scale and technology. Additional information about SS&C (Nasdaq: SSNC) is available at Follow SS&C on X, LinkedIn and Facebook. View source version on Contacts For more informationBrian SchellChief Financial OfficerSS&C TechnologiesTel: +1-816-642-0915E-mail: InvestorRelations@ Justine StoneInvestor RelationsSS&C TechnologiesTel: +1-212-367-4705E-mail: InvestorRelations@ Media ContactsSam GentileTel: +1-646-818-9195E-mail: pro-SSC@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
42 minutes ago
- Business Wire
Comtech Appoints Lloyd A. Sprung to its Board of Directors
CHANDLER, Ariz.--(BUSINESS WIRE)--August 18, 2025-- Comtech Telecommunications Corp. (NASDAQ: CMTL) ('Comtech' or the 'Company'), a global communications technology leader, today announced that its Board of Directors (the 'Board') has appointed Lloyd A. Sprung as an independent director, effective August 18, 2025. Mr. Sprung possesses more than three decades of corporate finance and capital markets experience, having held senior executive roles at leading investment banks including Evercore and UBS. He is currently the managing member of LAS Advisors, an independent financial and strategic advisory firm. 'We are pleased to welcome Lloyd to the Board at this important time for our Company,' said Ken Traub, Chairman, President and CEO of Comtech. 'With the improved operating performance that we announced in the third quarter together with the recent financing transactions, Comtech is stronger today and we believe Lloyd will bring a valuable perspective to the Board as we continue to execute on our operational, financial and strategic initiatives to enhance shareholder value.' 'I am honored to be joining the Comtech Board,' said Mr. Sprung. 'I look forward to working alongside my fellow directors to support Comtech's management team and business plans going forward.' About Lloyd A. Sprung Mr. Sprung, age 55, is the Managing Member of LAS Advisors, an independent financial and strategic advisory firm he founded in January 2024. He previously served as Managing Director at UBS from August 2017 to December 2023, during which he led the Restructuring and Private Debt Advisory practices. Prior to this, he served as Senior Managing Director at Evercore from April 2011 to May 2017, Managing Director at Miller Buckfire from 2001 to 2010 and previously Vice President at Merrill Lynch. Mr. Sprung obtained his Bachelor of Arts degree in Economics from the University of Pennsylvania and a Master of Business Administration as a Baker Scholar from Harvard Business School. About Comtech Comtech Telecommunications Corp. is a leading provider of satellite and space communications technologies; terrestrial and wireless network solutions; Next Generation 911 ('NG911') and emergency services; and cloud native capabilities to commercial and government customers around the world. Through its culture of innovation and employee empowerment, Comtech leverages its global presence and decades of technology leadership and experience to create some of the world's most innovative solutions for mission-critical communications. For more information, please visit Cautionary Note Regarding Forward-Looking Statements Certain information in this press release contains, and oral statements made by the Company's representatives from time to time may contain, forward-looking statements. Forward-looking statements can be identified by words such as: 'anticipate,' 'believe,' 'continue,' 'could,' 'estimate,' 'expect,' 'future,' 'goal,' 'outlook,' 'intend,' 'likely,' 'may,' 'plan,' 'potential,' 'predict,' 'project,' 'seek,' 'should,' 'strategy,' 'target,' 'will,' 'would,' and similar references to future periods. Forward-looking statements include, among others, statements regarding expectations for its strategic alternatives process, expectations for further portfolio-shaping opportunities, expectations for other operational initiatives, the intended use of proceeds from the Credit Facility and Amended Subordinated Credit Facility, expectations for completing further financing initiatives, future performance and financial condition, plans to address its ability to continue as a going concern, the plans and objectives of management and assumptions regarding such future performance, financial condition, and plans and objectives that involve certain significant known and unknown risks and uncertainties and other factors not under its control which may cause actual results, future performance and financial condition, and achievement of plans and objectives of management to be materially different from the results, performance or other expectations implied by these forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by which, such performance or results will be achieved. Forward-looking information is based on information available at the time and/or the Company's good faith belief with respect to future events, and is subject to risks and uncertainties that are difficult to predict and many of which are outside of the Company's control. Factors that could cause actual results to differ materially from current expectations include, among other things: the outcome and effectiveness of the aforementioned strategic alternatives process, further portfolio-shaping opportunities, other operational initiatives, and the completion of further financing activities; its ability to access capital and liquidity so that the Company is able to continue as a going concern; its ability to implement changes in executive leadership; the possibility that the expected synergies and benefits from strategic activities will not be fully realized, or will not be realized within the anticipated time periods; the risk that acquired businesses will not be integrated successfully; impacts from, and uncertainties regarding, future actions that may be taken by activist stockholders; the possibility of disruption from acquisitions or dispositions, making it more difficult to maintain business and operational relationships or retain key personnel; the risk that the Company will be unsuccessful in implementing a tactical shift in its Satellite and Space Communications segment away from bidding on large commodity service contracts and toward pursuing contracts for niche products and solutions with higher margins; the nature and timing of receipt of, and performance on, new or existing orders that can cause significant fluctuations in net sales and operating results; the timing and funding of government contracts; adjustments to gross profits on long-term contracts; risks associated with international sales; rapid technological change; evolving industry standards; new product announcements and enhancements; changing customer demands and/or procurement strategies and ability to scale opportunities and deliver solutions to current and prospective customers; changes and uncertainty in prevailing economic and political conditions (including financial and capital market conditions), including as a result of Russia's military incursion into Ukraine, the Israel-Hamas war and attacks in the Red Sea region or any tariff, trade restriction or similar matters; changes in the price of oil in global markets; changes in prevailing interest rates and foreign currency exchange rates; risks associated with legal proceedings, customer claims for indemnification, and other similar matters; risks associated with obligations under its credit facilities; risks associated with large contracts; risks associated with supply chain disruptions; and other factors described in this and other Company filings with the Securities and Exchange Commission. However, the risks described above are not the only risks that the Company faces. Additional risks and uncertainties, not currently known to the Company or that do not currently appear to be material, may also materially adversely affect its business, financial condition and/or operating results in the future. The Company describes risks and uncertainties that could cause actual results and events to differ materially in the "Risk Factors," "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Quantitative and Qualitative Disclosures about Market Risk" sections of its SEC filings. The Company does not intend to update or revise publicly any forward-looking statements, whether because of new information, future events, or otherwise, except as required by law.
Yahoo
an hour ago
- Yahoo
Blockchain lender Figure Technology makes US IPO filing public
(Reuters) -Blockchain lender Figure Technology Solutions on Monday made public its paperwork for an initial public offering in the United States. With the IPO calendar set for a seasonal slowdown through the end of August, corporate issuers are lining up for a potential roadshow launch after Labor Day when the new listings market kicks back into action. Goldman Sachs, Jefferies and BofA Securities are the lead underwriters for the offering. Figure will list on the Nasdaq under the symbol "FIGR". Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
