Marqeta Selected to Power Trading 212 Rapid Expansion Across 20 Countries in Europe

Trading 212, the fintech broker looking to democratise the financial markets, has announced its launch into 20 countries in continental Europe, following a new partnership with Marqeta, the global modern card issuing platform. 

Marqeta, the global modern card issuing platform, will support Trading 212‘s launch by powering the Trading 212 card. This debit card will help the fintech broker deepen its relationship with its over three million customers, while also improving engagement. Over the next six months, the trading platform will give customers the ability to spend on the app with zero fx and account fees, and earn 0.5 per cent cashback rewards that can be reinvested in the platform.

“Marqeta really simplified the process of launching in new countries, allowing Trading 212 to expand quickly and capitalise on our growing momentum in Europe,” said Mukid Chowdhury, CEO of Trading 212. “We’re aiming to unlock the stock market, giving over 3 million customers in the UK and Europe access to investing capabilities that haven’t been easily accessible in the past.

“The Trading 212 card, powered by Marqeta, is an extension of our brand and helps keep Trading 212 top of mind for our customers in their day to day spending.”

Why Marqeta?

Marqeta was selected as a partner for this endeavour as Trading 212 wants to enter these new markets quickly and enable as many people as possible to start their wealth-building journey. Through Marqeta, Trading 212 does not need to launch in each region independently. Certified to operate in more than 40 countries, Marqeta’s platform simplifies the process of launching in new geographic markets and minimises the time for customers to ramp, allowing them to get to market faster than starting from scratch.

Additionally, Trading 212 picked Marqeta as a partner because of its fraud tools. The Real-Time Decisioning tool specifically, which is powered by AI, will enable Trading 212 to identify high-risk transactions and notify users of potential fraud cases as they happen. Another helpful tool is 3D Secure. It provides an additional layer of security by requiring cardholders to complete an additional verification step at the time of payment.

“With our scalable platform, Marqeta makes it possible for innovative brands like Trading 212 to accelerate their time to market, and capitalise on tremendous demand for stock trading,” said Marcin Glogowski, SVP and managing director, Europe, and UK CEO at Marqeta. “We aim to support our customers as they grow, whether adding new capabilities or entering new markets, Marqeta is a trusted partner that helps reduce the complexity of payments so customers like Trading 212 can focus on growing their business.”