Ingo Payments taps Marqeta to power embedded banking platform

By Gloria Methri

Ingo Payments, a specialist in account funding, transfers, and payouts—known as “money mobility”—has selected Marqeta as its issuer processing partner. Marqeta’s modern card issuing platform will support Ingo’s efforts to expand embedded finance solutions and instant account issuing for its clients.

Following its acquisition of Deposits Inc.’s banking technology, Ingo has been enhancing its money movement platform to offer embedded banking capabilities. This partnership with Marqeta is a key step in Ingo’s mission to help banks, FinTechs, and businesses build feature-rich account relationships that drive long-term value.

Ingo Payments is redefining account issuing by creating ecosystems that encourage users to store, move, and spend money, unlocking new monetisation opportunities. This approach benefits enterprises managing payouts and rewards, banks modernising with digital-first accounts, and FinTechs scaling financial products efficiently.

To achieve this, Ingo needed a partner with the right technology and vision. Marqeta’s flexible, scalable platform stood out for its ability to support rapid innovation. Through this partnership, Ingo is set to drive the next generation of issuing solutions, delivering value to senders, receivers, and businesses alike.

“We are thrilled to partner with Marqeta as our issuer processor as we launch our enhanced embedded banking platform,” said Drew Edwards, CEO of Ingo Payments. “Marqeta’s modern capabilities and commitment to ongoing innovation make them an ideal partner as we create new opportunities to monetise accounts and deliver ecosystem-driven financial experiences. Together, we’re set to shape the future of account issuing and embedded finance.”

“We’re proud to support Ingo’s expansion into the issuing space, showcasing their commitment to payments innovation,” said Todd Pollak, Chief Revenue Officer, Marqeta. “Beyond serving as their issuer processor, we are also partnering with Ingo to bring remote check cashing and deposit capabilities to our customers to make banking services more convenient. With Marqeta’s all-in-one platform, we are enabling Ingo to drive the next generation of issuing solutions, creating meaningful value for consumers and businesses alike.”