Marqeta, a leading fintech company providing modern card issuing and payment processing solutions, has entered into a partnership with OakNorth, a digital commercial bank serving scaling businesses in the United Kingdom. This collaboration seeks to address the growing demand for transaction banking services among businesses seeking to support their expansion, prosperity, and innovation.
Launched in September 2015, OakNorth has established itself as a prominent player in the digital commercial banking space. The company’s focus on empowering businesses with turnovers ranging from £1 million to £100 million has earned it recognition as a trusted partner for scaling enterprises.
The partnership between Marqeta and OakNorth will see the launch of a commercial card for OakNorth’s Business Banking customers. This offering is designed to meet the specific needs of businesses that require efficient and flexible payment solutions to support their day-to-day operations. By leveraging Marqeta’s modern card issuing platform, OakNorth will be able to provide its customers with innovative and tailored card products that enhance their financial management capabilities.
The collaboration between Marqeta and OakNorth underscores the growing demand for transaction banking services that are tailored to the unique needs of scaling businesses. As businesses seek to optimize their financial operations and drive growth, they require banking partners that can provide innovative solutions and personalized support. This partnership positions Marqeta and OakNorth as key players in meeting the evolving needs of this dynamic market segment.
