- Resignation Announcement: Jeff Parker, SVP and managing director, international at Marqeta, is stepping down from his position at the California-headquartered card issuing firm.
- Announcement via LinkedIn: Parker shared the news on LinkedIn, expressing that his time at Marqeta is concluding, despite having enjoyed every minute of it.
- Professional Background: Parker joined Marqeta in September 2022, tasked with expanding the company’s international go-to-market and operational functions, focusing on Europe and APAC.
- Previous Experience: Before Marqeta, Parker had a nearly six-year tenure at WorldFirst, where he held various leadership roles, culminating in director and CEO positions after the company’s acquisition by China’s Ant Group in February 2019.
- Marqeta’s Business: Marqeta, founded in 2010, offers a B2B open API payments platform with features such as issuing, processing, digital banking, and risk control functions.
- International Expansion: Marqeta established its European presence in London in 2018 and expanded to Melbourne, Australia in April 2021, followed by launches in Singapore, the Philippines, and Thailand in the previous year.
- Financial Challenges: Marqeta faced difficulties, leading to the closure of its Australian operations in May, following a quarterly net loss of $69 million for Q1 2023.
- Acknowledgment in Departure Post: Parker appreciates Marqeta’s team for their support and mentions the warm welcome he received when joining the industry.
- Future Plans: While Parker does not specify the reasons for leaving or his next steps, he promises to update everyone shortly on his future intentions.
Marqeta SVP and managing director Jeff Parker steps down
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