Subsequent Event

12 Months Ended

Dec. 31, 2024

Subsequent Events [Abstract]

Subsequent Event

19.    Subsequent Event

On February 26, 2025, the Company announced that the board of directors has appointed Michael (Mike) Milotich as Interim Chief Executive Officer (Principal Executive Officer), effective immediately. Mr. Milotich will also continue to serve in his current role of Chief Financial Officer. Mr. Milotich succeeds Simon Khalaf, who has stepped down as Chief Executive Officer and as a director as of February 24, 2025.

Mr. Milotich will continue to serve as the Company’s Principal Financial Officer and Principal Accounting Officer while he serves as Chief Executive Officer in an interim capacity until a successor for such position is appointed.

Mr. Khalaf is eligible to receive the benefits specified in the Marqeta Executive Severance Plan, if the conditions specified in such plan are met. The Company does not consider these benefits material.