Press Release

Over 35,000 Motive Cards issued across trucking and logistics, construction, oil and gas and more

Motive and Marqeta Join Forces for Motive Card, Delivering Customers Up to 10% Savings

SAN FRANCISCO – Since launching the Motive Card in April 2022, Motive, the only fully unified Integrated Operations Platform for the physical economy, has issued over 35,000 cards delivering customers up to 10% in savings through operational efficiency gains, fuel and maintenance discounts, and telematics-backed fraud reduction. Motive chose Marqeta (NASDAQ: MQ), the global modern card issuing platform, as its fleet card issuer because of its ability to integrate fleet payments seamlessly into the Motive platform where customers are already managing their fleet.

The Motive platform combines Driver Safety, Fleet Management, Spend Management, and Equipment Monitoring, all in one place. By connecting operations end-to-end, Motive gives its customers greater visibility and control, and significantly reduces workloads by automating and simplifying tasks. Motive serves more than 120,000 customers across a wide range of industries, including transportation and logistics, construction, energy, field service, manufacturing, agriculture, food and beverage, retail, and the public sector.

“We launched the Motive Card because our customers lacked 360-degree visibility across their fleet management and spend management providers,” said Hemant Banavar, Head of Financial Products at Motive. “For the first time ever, safety, operations, and finance teams can manage their drivers, vehicles, equipment, and fleet-related spend in a single system and benefit from cost-saving insights delivered through shared data. As a result, they’re reducing hours of manual work, saving up to 7% per vehicle through enhanced productivity, reducing fuel and maintenance spend by up to 5%, and could save up to 5% per vehicle by reducing previously missed fraud. These savings add up whether you’re managing a fleet of 50 vehicles or 5,000 vehicles.”

“The Motive Card has been a game changer for our business,” said Anthony Coruccini, Chief Operating Officer at All Chemical. ”Having our fleet management and spend management together in a single platform gives us unparalleled visibility into our operations. Not only are we saving $30,000 annually but we are able to automate administrative work that used to take countless hours, and catch fraud as it happens, which was something we were previously unable to do. As an existing Motive customer, the decision to roll out the Motive Card was easy since no other alternative was able to provide us with a 360-degree view of our drivers, vehicles, and fleet-related spend in one place.”

“We’re seeing the shift to embedded finance powering the future of fleet payments, meeting the needs of modern teams and workers through smarter payment tools. Marqeta enables companies like Motive to own and optimize their customer’s experience from end-to-end, thanks to our highly flexible and customizable platform,” said Todd Pollak, Chief Revenue Officer, Marqeta. “We’re thrilled to work with a dynamic company like Motive as they disrupt the status quo of fleet management, creating an all-in-one solution for finance teams to stay on top of their fleet-related spend and create a streamlined and powerful experience for their customers.” 

By leveraging Marqeta’s embedded finance platform, Motive gives finance teams total control of their fleet-related spend, AI-powered tools to mitigate fraud and identify wasteful transactions, and access to deep discounts on fuel, maintenance and other business expenses. The Motive Card is on the Mastercard network which means that it can be used for fuel, maintenance, and other business expenses, anywhere Mastercard is accepted.

The Motive Card is issued by Sutton Bank, Member FDIC pursuant to a license from Mastercard International.Learn more about connecting fleet and spend management into a single view with the Motive Card here.

About Motive

Motive empowers the people who run physical operations with tools to make their work safer, more productive, and more profitable. For the first time ever, safety, operations and finance teams can manage their drivers, vehicles, equipment, and fleet related spend in a single system. Motive serves more than 120,000 customers – from Fortune 500 enterprises to small businesses – across a wide range of industries, including transportation and logistics, construction, energy, field service, manufacturing, agriculture, food and beverage, retail, and the public sector. Visit gomotive.com to learn more.

About Marqeta

Marqeta’s embedded finance and modern card issuing platform empowers its customers to create customized and innovative payment cards and embedded finance offerings. Marqeta’s platform, powered by open APIs, gives its customers the ability to build more configurable and flexible payment experiences, accelerating product development and democratizing access to card issuing technology. Its modern architecture provides instant access to highly scalable, cloud-based payment infrastructure that enables customers to launch and manage their own card programs, issue cards and authorize and settle transactions. Marqeta is headquartered in Oakland, California and is certified to operate in more than 40 countries globally. For more information, visit www.marqeta.com, Twitter and LinkedIn.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements expressed or implied in this press release include, but are not limited to, quotations and statements relating to changing consumer preferences; increasing consumer adoption of certain digital payment methods, products, and solutions; which payment, banking, and financial services products and solutions may succeed; technological and market trends; Marqeta’s business; Marqeta’s products and services; and statements made by Marqeta’s senior leadership. Actual results may differ materially from the expectations contained in these statements due to risks and uncertainties, including, but not limited to, the following: any factors creating issues with changes in domestic business, market, financial, political and legal conditions; the effect of and uncertainties related to the global COVID-19 pandemic on U.S. and global economies and demand for Marqeta’s services and products; the uncertainties and direct and indirect effects of the significant military action against Ukraine launched by Russia, including threats of attacks against U.S. financial institutions as retaliation against financial institutions for sanctions imposed against Russia; the risk that Marqeta is unable to further attract and grow its customer base; the risk that consumers will not perceive the benefits of Marqeta’s products and services, including digital payment and banking products and services; the risk that Marqeta’s products and services do not operate as intended, including digital payment and banking products and services; the risk that Marqeta’s products and solutions will not achieve the expected market acceptance, including digital payment and banking products and services; and the risk that competition could reduce expected demand for Marqeta’s products and services, including digital payment and banking products and services.  Detailed information about these risks and other factors that could potentially affect Marqeta’s business, financial condition and results of operations are included in the “Risk Factors” disclosed in Marqeta’s Annual Report on Form 10-K for the year ended December 31, 2022, as such risk factors may be updated from time to time in Marqeta’s periodic filings with the SEC, available at www.sec.gov and Marqeta’s website at http://investors.marqeta.com. The forward-looking statements in this press release are based on information available to Marqeta as of the date hereof. Marqeta disclaims any obligation to update any forward-looking statements, except as required by law.

About Motive

Motive empowers the people who run physical operations with tools to make their work safer, more productive, and more profitable. For the first time ever, safety, operations and finance teams can manage their drivers, vehicles, equipment, and fleet related spend in a single system.

Motive serves more than 120,000 customers – from Fortune 500 enterprises to small businesses – across a wide range of industries, including transportation and logistics, construction, energy, field service, manufacturing, agriculture, food and beverage, retail, and the public sector.

Visit gomotive.com to learn more.

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