Marqeta, the global modern card issuing platform, announced the addition of Chief Legal Officer, Crystal Sumner, as a key member of its executive team. Sumner will be responsible for overseeing Marqeta’s global legal and regulatory affairs.
“Crystal brings deep legal expertise and organizational leadership to Marqeta, with impressive experience helping companies build and scale innovative products in compliance with today’s complex regulatory environments,” said Simon Khalaf, CEO of Marqeta. “As Marqeta broadens our platform capabilities, Crystal will play an instrumental role in enabling our growth, helping to guide our business strategy and ensure operational efficiency across the entire company.”
Sumner comes to Marqeta from cloud-based banking platform Blend, where she was responsible for building and scaling all aspects of the legal, compliance and risk functions. Most recently, she held the Head of Legal, Compliance and Risk role, leading the quickly growing company through its IPO in 2021. Prior to Blend, Sumner was also an Enforcement Attorney at the Consumer Financial Protection Bureau.
Marqeta’s appointment of Sumner to its executive team comes as it continues to increase its global platform functionality and ability to serve a wide range of companies looking to expand into financial services. Sumner is an advocate for equality in the workplace and empowering female leaders and is an active member of both the Women’s General Counsel Network and Chief, a professional leadership network focused on connecting and supporting women in executive roles.
“This is an exciting time to join Marqeta – we’re behind some of the most innovative financial solutions which millions of individuals use every day,” said Sumner. “More and more companies are embedding financial services into their offerings, and I’m excited to lead the legal and risk teams at Marqeta as we help these innovators create impactful products that best serve their end customers.”
Marqeta’s modern card issuing platform empowers its customers to create customized and innovative payment cards. Marqeta’s modern architecture gives its customers the ability to build more configurable and flexible payment experiences, accelerating time-to-market and democratizing access to card issuing technology. Marqeta’s open APIs provide 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 payment transactions. Marqeta is headquartered in Oakland, California and is certified to operate in 40 countries globally.