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The Marqeta-powered Slope Card will allow businesses of any size to get lower cost and modern access to business capital at checkout
OAKLAND, Calif., December 12, 2024--(BUSINESS WIRE)--Marqeta (NASDAQ: MQ), the global modern card issuing platform that enables embedded finance solutions for the world’s innovators, today announced its customer Slope, powering the Slope Card and enabling low interest Buy Now, Pay Later (BNPL) loan options for its commercial customers. The Slope Card enables businesses to pay in-store or online with 30 or 60 day loan options, allowing for increased flexibility and choice in how they make payments and manage their finances.
The status quo in accessing capital and streamlining expenses creates a struggle for many businesses today. The Slope Card is an example of how flexible payment solutions can overcome that status quo, make capital more accessible and meet the evolving needs of businesses of all sizes. Global retailer IKEA is already utilizing the Slope Card, enabling its IKEA for Business small and medium sized (SMB) business clientele to access BNPL options at checkout in-store and online. Slope chose Marqeta to power its Slope Card because of its single, trusted platform and proven expertise in powering scalable card programs for some of the biggest names 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 Lin 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 offers control and security, enabling real time card issuance and transaction monitoring, and simplified financial management, allowing businesses to focus on what’s most important–their growth.
"We couldn’t be more thrilled to power Slope’s commercial BNPL card solution, bringing the innovative payment experience 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, Chief Revenue Officer 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."