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Simon Khalaf Profile
Simon Khalaf

@Simonkhalaf

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SF Citizen. Builder @marqeta

Joined March 2010
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@Simonkhalaf
Simon Khalaf
6 years
San Francisco is closing in on Hong Kong as most expensive City to rent a two bedroom apartment...
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@Simonkhalaf
Simon Khalaf
2 years
Extremely humbled and ready to serve!
@marqeta
Marqeta
2 years
Today we’re excited to announce that @simonkhalaf - our CPO since June 2022 - will be Marqeta’s new CEO. We’re excited for Simon to lead Marqeta’s fast growing global business to new levels of platform reach and scale.
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@Simonkhalaf
Simon Khalaf
4 years
Visited downtown SF first time since March... tent city... looks like a fourth world country. If that exists. @LondonBreed what have you done????
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@Simonkhalaf
Simon Khalaf
3 years
There was another massive theft at CVS on 19th and Ortega while students from the school were there. @LondonBreed how many of these do you need? @Benoit_B . @GavinNewsom you have the authority to fire a district attorney. It is time!
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@Simonkhalaf
Simon Khalaf
10 years
For every Samsung device activated the past 48 hrs, Apple activated 2.8 devices @FlurryMobile data shows
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@Simonkhalaf
Simon Khalaf
5 years
Attempted an afternoon walk with the fam on Market street in SF (well the nice part).... avoided three consecutive attacks by violent homeless people, one of them spraying mace randomly on people... after 28 years in SF... This city needs a mayor!!!
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@Simonkhalaf
Simon Khalaf
10 years
Target mobile usage 2013: 80% web, 20% app. 2014: 30% web, 70% app. Visitors have become customers. That is the power of apps @FlurryMobile
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@Simonkhalaf
Simon Khalaf
6 years
It is official, China has more unicorns than the US. While this could be a bubble, it is a sign that we are losing our edge in Tech. Time to act.
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@Simonkhalaf
Simon Khalaf
10 months
The spend on @marqeta issued cards now exceeds 1% of the US GDP.
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@Simonkhalaf
Simon Khalaf
6 years
Wrapped up a decade-long run between Flurry, Yahoo and Verizon’s OATH. So many great friends and colleagues to thank! Now- totally excited to think of something new!
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@Simonkhalaf
Simon Khalaf
2 years
2022 was as remarkable year for $MQ. Net Revenue grew 45%, GP Grew 38% while our Net Revenue Retention was 144%. Thank you @marqeta and thank you Marqeta customers. Onward!
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@Simonkhalaf
Simon Khalaf
2 years
@sriramk @elonmusk If the CEOs you are referring to needed @elonmusk to teach them their job, they didn't deserve it to start with.
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@Simonkhalaf
Simon Khalaf
4 months
In Q1, $SQ has issued more loans to SMBs than $JPM. Let that sink in. Fintechs are supporting the underbanked (consumers and SMBs) and shoring up the economy. There are more underbanked US adults than the entire population of Germany.
@fintechassoc
Financial Technology Association
4 months
💵 Over the years, Erin at @Blocks , a small business owner herself, has taken out 3 separate @Square loans that have allowed her business to take advantage of #opportunities and overcome #challenges .
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@Simonkhalaf
Simon Khalaf
6 months
Contact @marqeta we will do it for free!
@sfchronicle
San Francisco Chronicle
6 months
After two years and $34 million trying to make a disastrous payroll system work, San Francisco school officials are giving up and ready to pay another $5.6 million to start over with another company.
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@Simonkhalaf
Simon Khalaf
6 years
The race to capture the next 2 billion mobile Internet users is now between the US and China. FAANG versus TAB (Tencent, Alibaba and Baidu).
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@Simonkhalaf
Simon Khalaf
6 years
5% of all retail and 50% of online retail. That is “insane”.
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@Simonkhalaf
Simon Khalaf
1 year
Thank you ⁦ @tryramp ⁩ for the nice gesture. ⁦ @marqeta ⁩ ❤️ ⁦ @tryramp
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@Simonkhalaf
Simon Khalaf
5 years
My twitter feed: 24% reporters telling you their reporting was great, 36% VCs telling you how great their companies are, 18% founders kissing up to VCs, 12% VCs trying to be funny (not), 5% silly memes, 1% @hblodget , 1% @Pontifex , 3% other.
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@Simonkhalaf
Simon Khalaf
6 years
The issue with AI and mainstream media is that they don’t realize that AI is a “how” and not a “what”.
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@Simonkhalaf
Simon Khalaf
1 year
First time ever top 5 apps on the us AppStore are not made in the USA: 1. China, 2. China 3. Turkey 4. China and 5. China. It is #timetobuild @pmarca @a16z
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@Simonkhalaf
Simon Khalaf
1 year
Thank you Marqetans for an amazing quarter, you rock and so excited for the next chapter of our partnership with $SQ .
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@Simonkhalaf
Simon Khalaf
1 year
7 out of 10 Americans are using a financial services experience built on Marqeta. I ❤️ $MQ
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@Simonkhalaf
Simon Khalaf
10 years
Either @FlurryMobile servers are generating fake data or Apple is having an amazing Christmas
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@Simonkhalaf
Simon Khalaf
7 months
@Benioff I sure hope the voters will make the right calls. We need a new mayor and a whole new board of supervisors to bring San Francisco to the city we all need it to be. Some few local judges also need to be recalled. We are all full of hope, but actions are needed
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@Simonkhalaf
Simon Khalaf
13 days
@Benioff So when is the endorsement of @MarkFarrellSF coming. The private sector can’t keep fixing what the public sector does, especially when leaders fail the basic accountability test.
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@Simonkhalaf
Simon Khalaf
1 year
@Stefani4CA Thank you. But this is not enough. Please dismantle Encampments in your district as they are a threat to human life. Let us start with your district. Push the city to appeal the temporary judge order. Saving human lives is a priority.
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@Simonkhalaf
Simon Khalaf
5 months
We are thrilled to team up with the team at Rain to bring financial well being and accelerated wage access to many. Make it rain 🌧️
@marqeta
Marqeta
5 months
We've teamed up with Rain to power the Rain-branded debit card, enabling employers to disperse earned wages to employees faster and empower financial stability and growth. 💳 🤩 Learn more ▶️
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@Simonkhalaf
Simon Khalaf
10 years
Samsung's numbers are pointing out that the only company making money on android is.... Microsoft :-)
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@Simonkhalaf
Simon Khalaf
10 years
Uber is generating 500m a year in SF, 3x the cab industry. Whatsapp eliminated 18B in SMS rev/year. Welcome to the app economy @FlurryMobile
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@Simonkhalaf
Simon Khalaf
2 years
When Innovation solves a real problem, PMF is immediate. Congrats @tryramp team. Beautifully executed
@eglyman
Eric Glyman
2 years
Ramp Bill Pay () is our fastest-growing service for a reason – consolidating all of your cash outflows into our one platform cuts invoice processing time by 90%. The rate of customer adoption exceeded every pre-launch projection.
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@Simonkhalaf
Simon Khalaf
8 years
Apple's services business (iCloud, AppStore and Apple Pay) is now larger than Facebook's total revenues
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@Simonkhalaf
Simon Khalaf
2 years
Today is $MQ Love Day
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@Simonkhalaf
Simon Khalaf
4 months
Now that $V announced Flexible Credentials, It has been a pleasure working with them on it. This initiative allows Debit and Credit decisions to happen at the transaction level. Consumers will benefit so much from this. If you want this, $MQ would love to work with you on it.
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@Simonkhalaf
Simon Khalaf
1 year
Thank you @CNBCOvertime for having me. No the US Consumer Balance sheet is not perfectly fine. 83m Americans (Shift and Gig workers) need instant pay to cope with Inflation and rising interest rates. @marqeta
@CNBCOvertime
CNBCOvertime
1 year
"83 million Americans live paycheck to paycheck...these folks are paying 19-20% APR. So you add 7% inflation on top of that they are losing 27 cents on the dollar," says @marqeta CEO @Simonkhalaf on cracks he's seeing in the consumer
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@Simonkhalaf
Simon Khalaf
4 years
The birth of Miami as a tech hub doesn't have to mean the end of Silicon Valley. The US and the world can use three or four more SVs and still be hungry for more. Just need great mayors like @FrancisSuarez to promote this industry
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@Simonkhalaf
Simon Khalaf
7 months
Congrats $SQ and great vision on banking the banked and underbanked with a GREAT customer experience
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@Simonkhalaf
Simon Khalaf
10 years
If Apple doesn't restore the AppStore soon, Facebook might miss its quarter. Apple get to work, we are hurting
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@Simonkhalaf
Simon Khalaf
3 years
Most rewarding stat: now I can claim that 6 former team members have become CEOs of a unicorn :-) I can see two more soon @jarahk @MarcAtiyeh let us do it
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@Simonkhalaf
Simon Khalaf
3 months
@elonmusk These are some big fans
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@Simonkhalaf
Simon Khalaf
9 years
Content meets Community and Commerce, welcome to the mobile world http://t.co/5GSgVTVQzl
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@Simonkhalaf
Simon Khalaf
4 months
Thank you Marqetans and Marqeta partners for an amazing quarter. Onward!
@marqeta
Marqeta
4 months
Q1 2024 marked another quarter of growth and momentum for us, with major fintech players expanding into new territories and newer customers embracing embedded finance, reflecting the versatility and depth of our platform. Follow our Q1 earnings ▶️
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@Simonkhalaf
Simon Khalaf
2 years
Witnessed another visitor car break-in @LondonBreed @BrookeJenkinsSF how many of these (per day) would you need to finally realize what you are doing is not working! The city of SF has fallen.
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@Simonkhalaf
Simon Khalaf
8 months
2024 will be a 🚀 for $MQ and our customers.
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@Simonkhalaf
Simon Khalaf
6 months
Accelerated Wage Access is not over $7B USD on the $MQ platform. Millions are now getting paid instantly through our platform with our partners and avoiding 29% APR and loans....
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@Simonkhalaf
Simon Khalaf
4 months
Can't agree more with @mlevchin , BNPL now accounts for ~ 7% of e-commerce, growing 36+% YoY while default rates are stable. Consumers are winning and not paying 22% interest on at least 40% of these BNPL loans. They are paying zero... Yes they may be paying interest on 60%
@mlevchin
Max Levchin
4 months
Key comment around image 4. If you are a financially vulnerable person and you are going to borrow, are you (and the society) better off if you use compounding interest credit cards that make more money when you barely make minimum payments OR a simple-interest (or no interest at
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@Simonkhalaf
Simon Khalaf
1 year
With a looming credit crunch and continued inflation, giving the contingent workforce financial security is a great solution. Accelerated wage access is growing extremely fast for us, over 100% QoQ.
@marqeta
Marqeta
1 year
We're proud to partner with @WorkWhileJobs on a new debit card solution that provides WorkWhile workers faster-than-ever access to their earnings, helping to significantly reduce their need for credit and improve their financial well-being. Learn more ▶️
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@Simonkhalaf
Simon Khalaf
3 years
Folks, it is called gaming- not Metaverse. Repeat after me, gaming.
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@Simonkhalaf
Simon Khalaf
1 year
Ola Brazil! So exited to serve this amazing country
@marqeta
Marqeta
1 year
Brazil, we've arrived! 🇧🇷👋 We're excited to announce our expansion into the region with a new partnership with @FitBank_ and our certification partner @Visa . Get more details ▶️
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@Simonkhalaf
Simon Khalaf
10 days
Congrats to @mlevchin and @Affirm on a “killer quarter” and excellent business underlying metrics. The best metric is also helping great hard working Americans escape the 29% APR.
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@Simonkhalaf
Simon Khalaf
2 years
Every CEO should meet a customer per day. @marqeta ❤️ its innovating customers. You inspire us daily
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@Simonkhalaf
Simon Khalaf
1 year
Can’t live in a world where companies are sitting on rich balance sheets while their workers are borrowing at 19% APR to live. That is why accelerated wage access is growing so fast on @marqeta ! It is a win-win-win.
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@Simonkhalaf
Simon Khalaf
6 years
37% of the US workforce traded their W2 for a 1099! This is major socio-economical trend that no one is talking about.
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@Simonkhalaf
Simon Khalaf
5 years
In China, WeChat groups have become a commerce platform. Since ⁦ @a16z ⁩ wrote this. The headline should read: “groups are eating commerce”...
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@Simonkhalaf
Simon Khalaf
2 years
This is the best time to build. Put your metaverse, your avatar, your NFT away and start building real things.
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@Simonkhalaf
Simon Khalaf
1 month
Thank you Marqetans and $MQ Customers for a great quarter! We have momentum: 10 of our top 20 are now growing over 50% in their TPV with MQ. It is amazing to see what happens when you give consumers and businesses products they love. #Momentum
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@Simonkhalaf
Simon Khalaf
1 year
The embedded finance market is set for accelerated growth and we ready. We have the team, the product, the scale, the partnership to deliver. Onward!
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@Simonkhalaf
Simon Khalaf
7 years
Apple wins really big this Xmas
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@Simonkhalaf
Simon Khalaf
6 years
Looks like the kids of Instagram were too young to even remember all the Nigerian Kings that want to pass their inheritance money... the medium might have changed but human nature... no
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@Simonkhalaf
Simon Khalaf
1 year
1/2 thank you @marqeta team for a strong quarter on which we crossed $50B TPV per quarter and achieved over 50% of sales in embedded finance
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@Simonkhalaf
Simon Khalaf
6 years
First you win the “platform” and then you win the “media”. 13 years and Netflix didn’t create a single original “minute”... but when the time came...
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@Simonkhalaf
Simon Khalaf
2 years
Insights are extremely helpful to validate and inform strategy @tryramp keeping doing this! Not just to get Press, but also guide your customers
@tryramp
Ramp
2 years
For SMBs, Twitter and Snap Ads are exploding. 🚀 In Q2, Facebook Ads continued to be the #1 channel for SMBs, but Twitter & Snapchat Ads grew the fastest. Deep-dive with our 10K+ customer's ad data all in one place, all for free👇
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@Simonkhalaf
Simon Khalaf
1 year
I❤️ @marqeta
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@Simonkhalaf
Simon Khalaf
1 year
The next big bank will be a non-bank
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@Simonkhalaf
Simon Khalaf
8 months
Thank you Marqetans for an amazing 2023. We are heading into 2024 with an amazing team, an amazing product line, world class program management and great bank partners #embeddedfinance . I ❤️ $MQ.
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@Simonkhalaf
Simon Khalaf
25 days
SF Citizens. Has the city we live in become the city we all aspire it to be? We never signed up to create a place where more people die from fentanyl overdose than from all mass shootings in all of the US. @MarkFarrellSF has a plan. We need to fix it.
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@Simonkhalaf
Simon Khalaf
1 year
Getting ready for our talk ⁦ @Fintechnexus ⁩ with ⁦ @xanopher ⁩ ⁦ @marqeta #timetobuildinfintech
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@Simonkhalaf
Simon Khalaf
1 year
2/2 while it hurts to see many talented Marqetans leave, our expense control and stock buy back is planning for a healthier company, one with sustainable growth and profitability. Embedded finance opportunity is huge & we are extremely well positioned to be its Operating System
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@Simonkhalaf
Simon Khalaf
1 year
MQ ❤️ Workwhile
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@Simonkhalaf
Simon Khalaf
2 years
This is how bad 2022 was…
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@Simonkhalaf
Simon Khalaf
1 year
It is indeed
@JohnKWhite
John K. White
1 year
“This is the best time to build in fintech.” — Simon Khalaf, Marqeta #nexus2023 #fintechnexus #keynote @Simonkhalaf @AllenOvery
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@Simonkhalaf
Simon Khalaf
7 months
In the next 10 years the top ten card (payment card) programs will be from Block, Apple, Google, Tesla, Uber, Instacart, Doordash, AirBnB, Amazon, Instagram, Tiktok, SHEIN, and probably a couple of companies most of you haven't heard of #embeddedfinance
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@Simonkhalaf
Simon Khalaf
1 year
Good things happen when you take banking services to where consumers are #embeddedfinance
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@Simonkhalaf
Simon Khalaf
2 months
Happy 4th ❤️🇺🇸❤️🇺🇸
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@Simonkhalaf
Simon Khalaf
3 years
Always love to see @FlurryMobile analytics PR number one on techmeme, @peter_farago does it again. in other news, only 4% are opting in to app tracking on iOS 14 in the US...
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@Simonkhalaf
Simon Khalaf
3 months
“Startups live or die based on their speed, and the pace of execution here is unmatched” true words @karimatiyeh @eglyman . Congrats on the great launch. 🚀
@karimatiyeh
Karim Atiyeh
3 months
Today we’re launching Ramp Travel! It’s taking on another product category, but it’s also just another week at Ramp. Ramp isn’t your typical company. We’re a Series D company that operates at Series A speed. And AI has given us a new gear, accelerating product development and
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@Simonkhalaf
Simon Khalaf
9 months
May we call that disruption? ❤️.
@jevgenijs
Jevgenijs Kazanins
9 months
Cash App active users $SQ and JPMorgan mobile active users $JPM 👇🏻
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@Simonkhalaf
Simon Khalaf
7 years
NFL live games coming to @yahoosports app starting January. The #1 league, loves the #1 app
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@Simonkhalaf
Simon Khalaf
9 years
Bank of America releases a mobile usage report; 48% of its customers are "active" app banking users http://t.co/5uHwHxFGzx
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@Simonkhalaf
Simon Khalaf
1 year
@BrookeJenkinsSF State of emergency under Chapter 7 or equivalent. Solving the underlying issue as the supervisor suggests will take decades- and has to happen in parallel. The mayor has more power than she is willing to invoke. The city has fallen.
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@Simonkhalaf
Simon Khalaf
1 year
Many thanks to Marqetans, our partner banks and many of our customers who worked non stop the last 72 hrs. We still have plenty to do, but now have a bit more time to do it. #getsomesleep
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@Simonkhalaf
Simon Khalaf
3 months
Sure will.
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@Simonkhalaf
Simon Khalaf
8 months
There is so much good energy in Silicon Valley. It is a great time to build
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@Simonkhalaf
Simon Khalaf
6 years
The solution to economic inequality in the US is absolutely not socialism, nor banking reform! It is tech coming in changing the financial industry and extending credit to those who need it using different risk assessment methodologies. It is tech capitalism!!
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@Simonkhalaf
Simon Khalaf
1 year
Now the Feds have backstopped the deposits, the dust will settle, and entrepreneurs will evaluate who the right funds and partners to work with. Thank you @vkhosla for standing behind entrepreneurs.
@vkhosla
Vinod Khosla
1 year
We are not using LP money and trying to help our companies. Trying to do it as pass thru loans. Sadly getting requests from companies we have very minor positions in who aren’t getting help from their major investors. Other investors being predatory. Not a time to make money.
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@Simonkhalaf
Simon Khalaf
1 year
Keep winning @marqeta ❤️❤️❤️
@marqeta
Marqeta
1 year
We're thrilled to win the #PayTech USA Award for Tech of the Future! 🎉 Our cutting-edge modern card issuing platform is paving the way for innovative and seamless embedded finance experiences of tomorrow. Discover more here:
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@Simonkhalaf
Simon Khalaf
4 months
Slayed has become a GAAP metric. Congrats @mlevchin ❤️
@Kr00ney
Kate Rooney
4 months
Affirm CEO @mlevchin on the better-than-expected quarter: "In the parlance of our times, we slayed.”
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