Trading 212 Expands into 20 European Countries with Marqeta Partnership
Trading 212, a fintech broker focused on democratizing the financial markets, has made a significant move by announcing its expansion into 20 countries in continental Europe. This expansion comes as a result of a strategic partnership with Marqeta, a global modern card issuing platform.
Marqeta will play a crucial role in supporting Trading 212’s expansion by powering the Trading 212 card. This debit card is designed to enhance the relationship with over three million customers and increase engagement. In the next six months, customers will enjoy the ability to spend on the app with zero fx and account fees, along with earning 0.5% cashback rewards that can be reinvested in the platform.
According to Mukid Chowdhury, CEO of Trading 212, "Marqeta really simplified the process of launching in new countries, allowing Trading 212 to expand quickly and capitalize on our growing momentum in Europe. 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 partnership with Marqeta was a strategic choice for Trading 212, as it enables the company to enter new markets rapidly and empower more individuals to begin their wealth-building journey. Marqeta’s platform, certified to operate in over 40 countries, streamlines the process of launching in new geographic markets, reducing the time for customers to ramp up and allowing Trading 212 to enter the market faster than starting from scratch.
Additionally, Marqeta’s fraud tools, including Real-Time Decisioning powered by AI and 3D Secure for added security, were key factors in selecting Marqeta as a partner. These tools will help Trading 212 identify high-risk transactions, notify users of potential fraud cases, and provide an extra layer of security for cardholders during payment transactions.
Marcin Glogowski, SVP and managing director, Europe, and UK CEO at Marqeta, stated, "With our scalable platform, Marqeta makes it possible for innovative brands like Trading 212 to accelerate their time to market and capitalize on tremendous demand for stock trading. We aim to support our customers as they grow, whether adding new capabilities or entering new markets."
In conclusion, the partnership between Trading 212 and Marqeta marks a significant step towards expanding access to the financial markets for millions of individuals across Europe. By leveraging Marqeta’s platform and fraud tools, Trading 212 is well-positioned to drive growth and provide a seamless experience for its customers.
Frequently Asked Questions
- How many countries is Trading 212 expanding into with the Marqeta partnership?
Trading 212 is expanding into 20 countries in continental Europe with the Marqeta partnership. - What benefits will customers enjoy with the Trading 212 card?
Customers will be able to spend on the app with zero fx and account fees, as well as earn 0.5% cashback rewards that can be reinvested in the platform. - Why did Trading 212 choose Marqeta as a partner?
Trading 212 selected Marqeta as a partner to enable rapid expansion into new markets and leverage Marqeta’s fraud tools for enhanced security. - How does Marqeta simplify the process of launching in new geographic markets?
Marqeta’s platform is certified to operate in over 40 countries, streamlining the process of launching in new markets and reducing the time for customers to ramp up. - What are some of the fraud tools provided by Marqeta?
Marqeta offers Real-Time Decisioning powered by AI and 3D Secure for added security during payment transactions. - Who is Marcin Glogowski, and what is his role at Marqeta?
Marcin Glogowski is the SVP and managing director, Europe, and UK CEO at Marqeta. - How will the Trading 212 card help deepen the relationship with customers?
The Trading 212 card, powered by Marqeta, will enhance the relationship with customers and keep Trading 212 top of mind for day-to-day spending. - What are the key benefits of the partnership between Trading 212 and Marqeta?
The partnership enables Trading 212 to expand rapidly into new markets, provide enhanced security for customers, and accelerate growth in the stock trading sector. - What sets Marqeta apart as a partner for innovative brands like Trading 212?
Marqeta’s scalable platform allows innovative brands like Trading 212 to accelerate their time to market and capitalize on growing demand for stock trading. - How does the Trading 212-Maqreta partnership benefit customers in Europe?
The partnership brings access to investing capabilities that were previously inaccessible to millions of individuals in the UK and Europe, democratizing the financial markets and empowering more people to start their wealth-building journey.Tags: Trading 212, Marqeta, fintech, financial markets, partnership, expansion, Europe, stock trading
