To ship immediate account issuing and ecosystem-driven monetary providers for its purchasers, Ingo Funds, the account funding, switch and payout options supplier, has chosen international card issuing platform, Marqeta as its issuer processing accomplice.
Ingo Funds’ method to account issuing permits the creation of ecosystems that incentivise customers to retailer, transfer, and spend cash, unlocking alternatives to monetise accounts in impactful methods. This method applies broadly to enterprises searching for to retain funds for payouts or rewards, banks seeking to modernise past legacy techniques with digital-first account options, and fintechs aiming to scale modern monetary merchandise shortly and successfully.
Attaining this required a accomplice with the expertise and imaginative and prescient to assist these targets. Ingo chosen Marqeta for its versatile, scalable expertise stack that helps its clients develop modern monetary merchandise and produce them to market shortly. By partnering with Marqeta, Ingo is supplied to drive the subsequent era of issuing options, providing worth to senders, receivers, and companies alike.
“We’re proud to assist Ingo’s growth into the issuing area, showcasing their dedication to funds innovation,” mentioned Todd Pollak, chief income officer, Marqeta. “Past serving as their issuer processor, we’re additionally partnering with Ingo to carry distant verify cashing and deposit capabilities to our clients to make banking providers extra handy. With Marqeta’s all-in-one platform, we’re enabling Ingo to drive the subsequent era of issuing options, creating significant worth for customers and companies alike.”
The following step for Ingo
“We’re thrilled to accomplice with Marqeta as our issuer processor as we launch our enhanced embedded banking platform,” mentioned Drew Edwards, CEO of Ingo Funds. “Marqeta’s fashionable capabilities and dedication to ongoing innovation make them a great accomplice as we create new alternatives to monetise accounts and ship ecosystem-driven monetary experiences. Collectively, we’re set to form the way forward for account issuing and embedded finance.”
Over the previous a number of months, following its acquisition of Deposits Inc.’s banking expertise, Ingo has been enhancing its cash motion platform to assist embedded banking capabilities for each present and new purchasers. This newest Marqeta growth displays Ingo’s dedication to redefining the monetary expertise for banks, fintechs, and companies by creating feature-rich account relationships that assist long-term shopper worth.
Deciding on an issuer processor was a important step in reaching this imaginative and prescient, and Marqeta emerged as the best accomplice to assist carry these improvements to life.
