How Marqeta Built the $400B Modern Card Issuing Platform, with CEO Mike Milotich

How Marqeta Built the $400B Modern Card Issuing Platform, with CEO Mike Milotich

May 25, 2026 · 45 min · Episode 203

About this episode

Lex Sokolin interviews Mike Milotich about Marqeta's growth and innovations in the card issuing space.

In this episode, Lex chats with Mike Milotich — Chief Executive Officer of Marqeta, the modern card issuing platform that processed nearly $400 billion in payments volume in 2025, and is certified to operate in 40+ countries, growing over 30% for the third straight year. They discuss how Marqeta's separation of bank, processor, and brand armed fintech's largest winners across buy now pay later, on-demand delivery, neo-banking, and expense management with the Lego blocks to build their own card programs. Mike explains how the company's growth is shifting from enabling new use cases to displacing volume on legacy bank platforms, and they explore why card issuing is going multinational, what the agentic commerce wave actually requires to clear security and behavioural hurdles, and how Marqeta's continued growth runs through embedded finance, real-time personalisation, and the forced modernisation of the banks themselves.

People in this episode

Host: Lex Sokolin

Guest: Mike Milotich

Topics covered

Keywords

Mentioned in this episode

Organizations: Marqeta, buy now pay later, neo-banking, on-demand delivery, expense management, embedded finance, banks

More episodes of The Fintech Blueprint

Explore listener stats, chart rankings, contacts and more on the The Fintech Blueprint podcast page.