Business
Marqeta Announces New European Leader, Sees Rising Demand for Embedded Finance Offerings and New Customer Launches
The company named PayPal veteran Marcin Glogowski as SVP, Managing Director Europe and UK CEO, responsible for leading Marqeta in the region. As Marqeta
About this update from Marqeta, Inc.
[{"type":"text","content":"\n\nThe company named PayPal veteran Marcin Glogowski as SVP, Managing Director Europe and UK CEO, responsible for leading Marqeta in the region.\n\n\n\nAs Marqeta experiences strong traction in the European market, its Total Processing Volume in Europe grew 86% year-over-year.\n\n\n\n AMSTERDAM--(BUSINESS WIRE)--\nMarqeta (NASDAQ: MQ), the global modern card issuing platform that enables embedded finance solutions for the world’s innovators, today announced the company has named PayPal veteran Marcin Glogowski as SVP, Managing Director Europe and UK CEO, where he will be responsible for leading Marqeta in the region. The company is seeing significant growth and momentum in its European business driven by growing demand for embedded finance offerings that allow companies to embed financial services directly into their own branded experience. The company saw an 86% jump in European total processing volume from Q1 2023 to Q1 2024.\n\n\nMarqeta has partnered with market leading organisations across Europe, including Klarna, Uber, Western Union, Lydia, Scalapay, and Capital on Tap, to expand to new markets and delight their customers with card issuing and embedded finance capabilities that help grow revenue and retain customers. Marqeta’s global platform allows customers to launch card products in more than 40 markets through a single integration, helping customers reduce effort and time-to-market for each subsequent launch. Currently 70% of Marqeta’s top 10 customers utilize Marqeta in more than one country.\n\n\nMarcin Glogowski to Lead European Go-To-Market Team\n\n\nGlogowski joins Marqeta from PayPal, where most recently he led the Central Eastern Europe region, overseeing growth strategy and sales across 30 European markets. Before PayPal, he spent 10 years in strategic consulting working for multinational financial services organizations in Europe and beyond. He will be based in Marqeta’s newly expanded London office.\n\n\n“Marqeta's vision of the future of brand loyalty, centered around embedded finance, resonated deeply with me. The growth potential and large untapped European market fueled my decision to join the company,” said Marcin Glogowski, SVP Managing Director, Europe and UK CEO, Marqeta. “I’m looking forward to leading Marqeta’s European team to continue to grow our business and deliver for our customers.”\n\n\n“Th...