Marqeta partners with Trading 212 to expand across Europe

Marqeta has announced its collaboration with Trading 212, facilitating the app's expansion into 20 new European markets through its debit card programme.

The collaboration between the two companies enables Trading 212 to provide a debit card that allows over 3 million customers to make transactions on its platform without foreign exchange and account fees and earn 0.5% cash back rewards that can be reinvested. This initiative is part of Trading 212's strategy to broaden market access and enhance client interaction.

Trading 212, recognised as the UK's most downloaded investing app, aims to further democratise financial markets by providing zero-commission stock trading across Europe. The offering seeks to further disrupt traditional stock brokerage models by making investment options more accessible to a broad audience. Since introducing its zero-commission service in 2016, the firm has significantly impacted the UK and European markets.

Marqeta's platform plays a crucial role by simplifying market entry costs and complexities for Trading 212, enabling quicker rollouts across multiple regions. This capability supports Trading 212's strategic goal of rapid geographical expansion without having to set up operations independently in each country.

Mukid Chowdhury, CEO of Trading 212, commented, "Marqeta really simplified the process of launching in new countries, allowing Trading 212 to expand quickly and capitalise 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 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."

Additionally, integrating Marqeta's advanced security features, such as AI-driven Real-Time Decisioning and 3D Secure, addresses potential fraud concerns. These tools help identify high-risk transactions and provide an extra layer of security, enhancing user confidence in the safety of their transactions.

Marcin Glogowski, Senior Vice President and Managing Director for Europe, and UK CEO of Marqeta, said, "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. 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."

The partnership between Marqeta and Trading 212 highlights a strategic alignment to expand trading capabilities and financial market democratisation across the continent. This expansion into new European markets indicates a significant shift towards more inclusive financial services, aligning with the broader objective of offering accessible investment opportunities to a wider audience.