Power was a fintech company providing a cloud-native credit card issuance platform for consumer brands.
Location
New York City, NY, US
Founded
2021
Power, operating as Power Finance, developed a cloud-native credit card issuance platform and modern core banking infrastructure for digital brands and retailers. The platform offered full-stack credit program management, targeted promotions, and mobile SDK integration to enable merchants to launch co-branded card offerings.
In February 2023, modern card issuing platform Marqeta acquired Power Finance in an all-cash transaction to expand its credit issuance capabilities and co-branded card stack. Following the transaction, Power technology, banking partnerships, and engineering team were integrated into Marqeta credit program infrastructure.
Power - Classification
Also Known As
Power Finance, Inc.
NAICS
520000Finance and Insurance
SIC
6200Security And Commodity Brokers, Dealers, Exchanges, And Services
6280Services Allied With The Exchange Of Securities Or Commodities
6282Investment Advice
Show 7 more industry codes
NAICS
522000Credit Intermediation and Related Activities
522300Activities Related to Credit Intermediation
522320Financial Transactions Processing, Reserve, and Clearinghouse Activities
SIC
6000Depository Institutions
8700Engineering, Accounting, Research, Management, And Related Services
