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The payment platform behind the Facebook Card, plastic gift cards that hold all electronic gift cards users have received through the social network, introduced in January, received a different type of payment, as Marqeta Thursday announced the closing of $14 million in series-B funding.
Existing investors Greylock Partners’ Greylock IL and Granite Ventures were joined by new investor Commerce Ventures and new angel and unnamed strategic investors in the funding round, and Marqeta said the funds would be used to introduce new platform features and aggressively expand its national footprint.