This week, Marqeta (NASDAQ:MQ), a global, modern card issuing platform that enables embedded finance solutions welcomed BNPL provider Slope. Via Marqeta, the Slope Card facilitates commercial BNPL options, allowing customers to pay in-store or online with 30- or 60-day loan options.
IKEA is already utilizing the Slope Card, enabling its IKEA for Business SMB clientele to access BNPL options at checkout in-store and online. Slope said it chose Marqeta to power its Slope Card because of its single, trusted platform and proven expertise powering scalable, customer-centric card programs for the biggest leaders 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 Lim 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 prioritizes control and security, enabling real-time card issuance, transaction monitoring, and simplified financial management.
“We couldn’t be more thrilled to power Slope’s commercial BNPL card solution, bringing the innovative payment experiences 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, CRO 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.”