“There is an incredible opportunity today to design a platform built for purpose, to fill the need for embedded finance, and to allow businesses to move more quickly,” said John Macllwaine, the ex-GM of PayPal subsidiary Braintree, who co-founded Highnote with Kin Kee, Braintree’s former director of architecture. “Marqeta is doing a great job illuminating the opportunities, but the platforms was built 10 years ago and it was designed for a certain use case. They are where they are,” he concluded with a small shrug. ¯_(ツ)_/¯

https://techcrunch.com/2021/09/28/highnote-emerges-from-stealth-with-54m-and-a-plan-to-take-on-marqeta-in-the-world-of-card-issuing-as-a-service/