Marqeta Announces New SMB Credit Card Customer AffiniPay, Delivering A Flexible and Customized Credit Offering with Full Program Management Capabilities

Marqeta (NASDAQ: MQ), the global modern card issuing platform enabling some of the world’s most innovative embedded finance solutions, today announced a partnership with AffiniPay, the leader in online payments and software solutions for professionals. Marqeta will power the upcoming launch of MyCase Smart Spend, a spend management solution powered by a LawPay Visa SMB revolving credit card embedded directly within the MyCase platform that helps firms streamline their expenses and better manage their finances.

Like many small businesses, law firms and legal professionals are bogged down by manual expense tracking and lose valuable time–and money–reconciling their finances each month. The launch of MyCase Smart Spend makes MyCase a comprehensive solution in the legal industry that offers a single destination for firm operations and spend management from start to finish. AffiniPay selected Marqeta because of its trusted platform for building card programs at scale that are dynamic, flexible and tailored to customer needs. By partnering with Marqeta, MyCase Smart Spend users will have a comprehensive, easy to use platform that gives them access to real-time card issuing, transaction data, and spend controls for their credit card offering. This helps cardholders stay on top of business expenses and access capital more easily, all from a single dashboard.

“Marqeta fully understands the complexity of building new card programs that are tailored to the specific needs of legal professionals,” said Bryan Thompson, Chief Technology Officer of AffiniPay. “We sought a partner that could help us deliver on our promise of giving our customers better insights into their finances and improving efficiency. We’re looking forward to working with Marqeta to bring this product to market and continuing to deliver innovative solutions in credit.”

Marqeta commercial credit customers can choose from a range of flexible funding models for their cardholders, such as Net 30 Charge Cards, Receivables Purchase, and Revolving Credit, to allow them to take control of their business’ financial health and access capital more easily. With Marqeta’s expertise in payments and program management capabilities, Marqeta handles all the intricacies of establishing new card programs, including helping customers meet applicable regulatory and compliance requirements. With Marqeta’s platform, customers can easily spin up cards for new users, deliver personalized rewards, and free up more working capital to stay on top of business expenses.