Buying and selling 212, the fintech dealer seeking to democratise the monetary markets, has introduced its launch into 20 international locations in continental Europe, following a brand new partnership with Marqeta, the worldwide trendy card issuing platform.
Marqeta, the worldwide trendy card issuing platform, will help Buying and selling 212‘s launch by powering the Buying and selling 212 card. This debit card will assist the fintech dealer deepen its relationship with its over three million clients, whereas additionally enhancing engagement. Over the following six months, the buying and selling platform will give clients the power to spend on the app with zero fx and account charges, and earn 0.5 per cent cashback rewards that may be reinvested within the platform.
“Marqeta actually simplified the method of launching in new international locations, permitting Buying and selling 212 to develop shortly and capitalise on our rising momentum in Europe,” mentioned Mukid Chowdhury, CEO of Buying and selling 212. “We’re aiming to unlock the inventory market, giving over 3 million clients within the UK and Europe entry to investing capabilities that haven’t been simply accessible up to now.
“The Buying and selling 212 card, powered by Marqeta, is an extension of our model and helps preserve Buying and selling 212 high of thoughts for our clients of their day after day spending.”
Why Marqeta?
Marqeta was chosen as a associate for this endeavour as Buying and selling 212 needs to enter these new markets shortly and allow as many individuals as doable to start out their wealth-building journey. By Marqeta, Buying and selling 212 doesn’t have to launch in every area independently. Licensed to function in additional than 40 international locations, Marqeta’s platform simplifies the method of launching in new geographic markets and minimises the time for purchasers to ramp, permitting them to get to market quicker than ranging from scratch.
Moreover, Buying and selling 212 picked Marqeta as a associate due to its fraud instruments. The Actual-Time Decisioning instrument particularly, which is powered by AI, will allow Buying and selling 212 to determine high-risk transactions and notify customers of potential fraud circumstances as they occur. One other useful instrument is 3D Safe. It offers an extra layer of safety by requiring cardholders to finish an extra verification step on the time of fee.
“With our scalable platform, Marqeta makes it doable for progressive manufacturers like Buying and selling 212 to speed up their time to market, and capitalise on great demand for inventory buying and selling,” mentioned Marcin Glogowski, SVP and managing director, Europe, and UK CEO at Marqeta. “We purpose to help our clients as they develop, whether or not including new capabilities or coming into new markets, Marqeta is a trusted associate that helps scale back the complexity of funds so clients like Buying and selling 212 can deal with rising their enterprise.”
