Slope Taps Marqeta to Power Buy Now, Pay Later Card, Enabling Brands And Marketplaces To Offer Flexible Loan Options
Marqeta (NASDAQ: MQ) announced its partnership with Slope to power the Slope Card, a Buy Now, Pay Later (BNPL) solution for commercial customers. The card offers businesses 30 or 60-day loan options for both in-store and online purchases, providing flexible payment solutions and improved access to working capital.
Global retailer IKEA has already implemented the Slope Card through its IKEA for Business program, offering BNPL options to small and medium-sized business clients. Slope selected Marqeta for its proven expertise in powering scalable card programs and its single, trusted platform. The partnership aims to transform traditional business financing by providing easier access to low-interest loans and enhanced cash flow management.
Marqeta (NASDAQ: MQ) ha annunciato la sua partnership con Slope per alimentare la Slope Card, una soluzione di Acquista Ora, Paga Dopo (BNPL) per clienti commerciali. La carta offre alle aziende opzioni di prestito di 30 o 60 giorni per acquisti sia in negozio che online, fornendo soluzioni di pagamento flessibili e un accesso migliorato al capitale circolante.
Il rivenditore globale IKEA ha già implementato la Slope Card attraverso il suo programma IKEA per le imprese, offrendo opzioni BNPL ai clienti di piccole e medie imprese. Slope ha scelto Marqeta per la sua comprovata esperienza nel potenziamento di programmi di carte scalabili e per la sua piattaforma unica e affidabile. L'obiettivo della partnership è trasformare il finanziamento aziendale tradizionale fornendo un accesso più facile a prestiti a basso interesse e una migliore gestione del flusso di cassa.
Marqeta (NASDAQ: MQ) anunció su asociación con Slope para impulsar la Slope Card, una solución de Compra Ahora, Paga Después (BNPL) para clientes comerciales. La tarjeta ofrece a las empresas opciones de préstamo de 30 o 60 días tanto para compras en tienda como en línea, proporcionando soluciones de pago flexibles y un mejor acceso al capital de trabajo.
El minorista global IKEA ya ha implementado la Slope Card a través de su programa IKEA para Empresas, ofreciendo opciones BNPL a pequeños y medianos clientes empresariales. Slope eligió a Marqeta por su experiencia comprobada en el impulso de programas de tarjetas escalables y su plataforma única y confiable. La asociación tiene como objetivo transformar la financiación empresarial tradicional al brindar un acceso más fácil a préstamos de bajo interés y mejorar la gestión del flujo de caja.
Marqeta (NASDAQ: MQ)는 상업 고객을 위한 즉시 결제(BNPL) 솔루션인 Slope Card를 확장하기 위해 Slope와의 파트너십을 발표했습니다. 이 카드는 기업에 30일 또는 60일 대출 옵션을 제공하여 매장 및 온라인 구매에서 유연한 결제 솔루션과 운영 자본에 대한 개선된 접근을 제공합니다.
글로벌 소매업체 IKEA는 이미 기업 고객 프로그램인 IKEA for Business를 통해 Slope Card를 구현하여 중소기업 고객에게 BNPL 옵션을 제공하고 있습니다. Slope는 확장 가능한 카드 프로그램을 지원하는 입증된 전문성과 신뢰할 수 있는 단일 플랫폼을 이유로 Marqeta를 선택했습니다. 이 파트너십의 목표는 낮은 이자 대출에 대한 접근을 더 쉽게 하고 현금 흐름 관리를 개선하여 전통적인 비즈니스 금융을 변혁하는 것입니다.
Marqeta (NASDAQ: MQ) a annoncé son partenariat avec Slope pour activer la Slope Card, une solution d'Achetez Maintenant, Payez Plus Tard (BNPL) pour les clients commerciaux. La carte propose aux entreprises des options de prêt de 30 ou 60 jours pour les achats en magasin et en ligne, offrant des solutions de paiement flexibles et un meilleur accès au fonds de roulement.
Le détaillant mondial IKEA a déjà mis en œuvre la Slope Card à travers son programme IKEA pour les Entreprises, offrant des options BNPL à des clients de petites et moyennes entreprises. Slope a choisi Marqeta pour son expertise éprouvée dans l'activation de programmes de cartes évolutifs et sa plateforme unique et fiable. Ce partenariat vise à transformer le financement des entreprises traditionnel en offrant un accès plus facile à des prêts à faible taux d'intérêt et en améliorant la gestion des flux de trésorerie.
Marqeta (NASDAQ: MQ) hat seine Partnerschaft mit Slope bekannt gegeben, um die Slope Card zu betreiben, eine Kauf Jetzt, Zahle Später (BNPL) Lösung für Geschäftskunden. Die Karte bietet Unternehmen 30 oder 60-tägige Darlehensoptionen für Einkäufe im Geschäft sowie online und ermöglicht flexible Zahlungsmöglichkeiten sowie verbesserten Zugang zu Umlaufvermögen.
Der globale Einzelhändler IKEA hat die Slope Card bereits über sein Programm IKEA für Unternehmen implementiert und bietet BNPL-Optionen für kleine und mittelständische Unternehmen an. Slope wählte Marqeta aufgrund seiner nachgewiesenen Expertise in der Bereitstellung skalierbarer Kartenprogramme und seiner einzelnen, vertrauenswürdigen Plattform. Das Ziel der Partnerschaft besteht darin, die traditionelle Unternehmensfinanzierung zu transformieren, indem ein einfacher Zugang zu zinsgünstigen Darlehen und eine verbesserte Cashflow-Management angeboten werden.
- Partnership with IKEA provides immediate access to large SMB customer base
- Expansion into commercial BNPL market represents new revenue stream
- Technology enables real-time card issuance and transaction monitoring
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Insights
The partnership between Marqeta and Slope represents a significant expansion in the B2B BNPL space, with IKEA's adoption serving as a major validation. The commercial BNPL market remains largely untapped compared to consumer BNPL, presenting substantial growth potential. This integration enables Marqeta to tap into the
The strategic value lies in Marqeta's ability to monetize each transaction through its platform while expanding its footprint in commercial payments. The partnership with IKEA, particularly, could drive significant transaction volume given the retailer's scale. The solution addresses a critical market need for flexible business capital, potentially accelerating Marqeta's revenue growth in the commercial sector.
This implementation showcases an innovative approach to B2B payments by combining card issuance with BNPL functionality. The real-time transaction monitoring and API-first architecture positions Marqeta to capture a larger share of the commercial payments market. The 30-60 day payment terms are particularly attractive for SMBs managing cash flow, potentially driving higher adoption rates.
The platform's ability to support both in-store and online transactions removes friction in B2B commerce, while real-time card issuance capabilities provide a competitive edge. This could lead to increased transaction volumes and processing fees for Marqeta, especially as more enterprise retailers adopt the solution.
The Marqeta-powered Slope Card will allow businesses of any size to get lower cost and modern access to business capital at checkout
The status quo in accessing capital and streamlining expenses creates a struggle for many businesses today. The Slope Card is an example of how flexible payment solutions can overcome that status quo, make capital more accessible and meet the evolving needs of businesses of all sizes. Global retailer IKEA is already utilizing the Slope Card, enabling its IKEA for Business small and medium sized (SMB) business clientele to access BNPL options at checkout in-store and online. Slope chose Marqeta to power its Slope Card because of its single, trusted platform and proven expertise in powering scalable card programs for some of the biggest names in the BNPL space. By integrating with Marqeta, Slope enables its customers to make in-store purchases when needed and spread payments over time, enhancing cash flow and allowing for faster access to working capital.
"At Slope, we are committed to empowering businesses to thrive by making digital payments and financing more seamless and accessible," said Lawrence Lin Murata, CEO and Co-Founder of Slope. "Marqeta allows us to deliver flexible and scalable BNPL solutions that provide businesses with timely access to low interest loans. Together, we’re driving a transformative approach to financial management, empowering businesses with easier access to working capital when they need it most.”
Marqeta’s technology simplifies the process of launching card programs, enabling companies to put their brands front and center and provide the embedded, mobile payment experiences today’s consumers expect. With flexible APIs, Marqeta offers control and security, enabling real time card issuance and transaction monitoring, and simplified financial management, allowing businesses to focus on what’s most important–their growth.
“We couldn’t be more thrilled to power Slope’s commercial BNPL card solution, bringing the innovative payment experience that changed the consumer retail landscape to household names like IKEA, and building on their ability to provide fast, secure and flexible digital payment options to their SMB customers,” said Todd Pollak, Chief Revenue Officer at Marqeta. “This is another example of how Marqeta is pioneering the responsible transformation in payments to enable brands to offer embedded finance solutions that unlock purchasing power for businesses whenever needed.”
About Marqeta (NASDAQ: MQ)
Marqeta makes it possible for companies to build and embed financial services into their branded experience—and unlock new ways to grow their business and delight users. The Marqeta platform puts businesses in control of building financial solutions, enabling them to turn real-time data into personalized, optimized solutions for everything from consumer loyalty to capital efficiency. With compliance and security built-in, Marqeta’s platform has been proven at scale, processing more than
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements expressed or implied in this press release include, but are not limited to, quotations and statements relating to changing consumer preferences; increasing consumer adoption of certain digital payment methods, products, and solutions; which payment, banking, and financial services products and solutions may succeed; technological and market trends; Marqeta’s business; Marqeta’s products and services; and statements made by Marqeta’s senior leadership. Actual results may differ materially from the expectations contained in these statements due to risks and uncertainties, including, but not limited to, the following: any factors creating issues with changes in domestic and international business, market, financial, political and legal conditions; and those risks and uncertainties included in the “Risk Factors” disclosed in Marqeta's Annual Report on Form 10-K, as may be updated from time to time in Marqeta’s periodic filings with the SEC, available at www.sec.gov and Marqeta’s website at http://investors.marqeta.com. The forward-looking statements in this press release are based on information available to Marqeta as of the date hereof. Marqeta disclaims any obligation to update any forward-looking statements, except as required by law.
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James Robinson
press@marqeta.com
Source: Marqeta
FAQ
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