Marqeta (NASDAQ: MQ) and Motive have announced a new partnership. Motive provides a service that aims to support operational efficiencies in fleet management and also seeks to reduce fraud while providing discounts at partner locations. The company reports having issued approximately 35,000 cards since launching the program in 2022. The Motive card is part of a broader fleet management platform.
Marqeta is a new and improved card issuance and management platform. Motive has partnered with Marqeta on the card to be able to simplify fleet payments.
Hemant Banavar, Head of Financial Products at Motive, explains that fleet-related spending is now available in a single system, providing data-driven insights that make it easier to improve operations and reduce unnecessary cost. Banavar says they can reduce vehicle costs by 5%, along with another 5% reduction due to missed fraud.
Customer Anthony Coruccini, Chief Operating Officer at All Chemical, says the Motive Card is a game changer for them as they save money while reducing administrative work.
“As an existing Motive customer, the decision to roll out the Motive Card was easy since no other alternative was able to provide us with a 360-degree view of our drivers, vehicles, and fleet-related spend in one place.”
Todd Pollak, Chief Revenue Officer, at Marqeta, says they enable companies like Motive to optimize their customers’ experience from end-to-end.