A California firm that gives fee mechanisms for companies resembling DoorDash, Instacart, Sq. and Uber plans to open a second headquarters this 12 months within the Denver space that’s anticipated to make use of greater than 500 by 2028.
Oakland-based Marqeta chosen Denver over Portland, Ore., and 15 different cities it did not disclose for its second U.S. headquarters, with plans to rent as much as 100 by the tip of subsequent 12 months, in keeping with a information launch from the Colorado Workplace of Financial Growth and Worldwide Commerce. The roles initially will largely be centered on know-how and product improvement and pay a mean annual wage of $134,472, or 155% of the median wage within the Denver space counties it’s contemplating for its workplace. The workplace will open someday this 12 months, topic to “public well being concerns,” Marqeta mentioned.
“Whereas the present pandemic has introduced unprecedented change to our working lives, we anticipate collaborative workplace areas to stay an essential a part of the Marqeta tradition,” firm founder and CEO Jason Gardner mentioned within the state’s launch. “We’re thrilled to be increasing Marqeta into metropolitan Denver, exporting the distinctive tradition and vitality from our Oakland house to a brand new metropolis and tapping right into a deep expertise pool in Colorado.”
Colorado landed Marqeta with the assistance of $5.53 million in state revenue tax credit authorized by the Colorado Financial Growth Fee on Thursday. The Denver workplace will home administration, finance, enterprise improvement, software program engineering, advertising and marketing, authorized and operations personnel, in keeping with a abstract the financial improvement workplace launched final week.
Sam Bailey, vp of the Metro Denver Financial Growth Corp., mentioned the nonprofit has been speaking with Marqeta since April. He mentioned a number of the jobs the corporate deliberate in Denver can be entry-level and accessible to those that have been laid off amid the COVID-19 pandemic after Gov. Jared Polis issued a stay-at-home order that compelled many companies to shut.
“Colorado is an rising chief in monetary know-how due to our prime quality of life and gifted workforce, and I am very excited to have an important firm like Marqeta make its second house in Colorado,” Polis mentioned within the launch. “Our state is a hub for innovation and the entrepreneurial spirit. This can be a difficult time for a lot of companies, and we’re excited to see the inventive methods firms are discovering to proceed rising whereas defending their staff and prospects.”
Gardner, who beforehand co-founded actual property administration digital fee supplier PropertyBridge, began Marqeta in 2010 and landed greater than $500 million in financing from Visa, Goldman Sachs and several other enterprise capital companies. The corporate has grown to greater than 430 folks and is valued at greater than $four billion. Marqeta had issued greater than 140 million credit score and debit playing cards by the tip of final 12 months, and likewise supplies digital wallets and different fee mechanisms for on-line retail and on-demand providers.