Tagged: marqeta

Marqeta Reports Increase in Revenue, Net Loss of $61 Million

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Marqeta (NASDAQ:MQ), a leading Fintech in the card issuance and management sector, reported Q1 earnings today. According to the company, top line revenue increased 54% to $166 million versus the same quarter year prior ($107M). Revenue also increased sequentially versus Q4 2021 which arrived at… Read More

Marqeta Adds New Fraud Tools, RiskControl, to Counter Digital Fraud

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Marqeta (NASDAQ: MQ), a future-facing card issuance platform, has announced a new set of tools to battle the ever-present fraudsters that challenge all financial services firms. “RiskControl” is a new feature designed to provide Marqeta customers with a comprehensive service to handle end-to-end risk management… Read More

Rapidly Rising Inflation Compelling More People to Enter Gig Economy to Make Ends Meet: Research

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  Inflation is rising to record-breaking heights. The most recent reading indicated that inflation hit 8.5% in March – the highest in more than 40 years. Inflationary policies pursued by the current administration, the war in Ukraine, and COVID have combined to create a toxic… Read More

Nearly 80% of Consumers Denied Loans Due to Outdated Affordability Requirements: Marqeta Survey

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Marqeta (NASDAQ: MQ), the modern card issuing platform, has shared data from a survey of European consumers on their overall attitudes and experiences of lending. The survey‘s key findings, which will be highlighted in an upcoming report on the future of lending, indicates that many… Read More

Marqeta Q4: Top Line Revenue $144 Million, Net Loss of $37 Million –

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Marqeta, Inc. (NASDAQ: MQ) has posted its Q4 earnings as well as full year 2021 numbers. According to a corporate release, Marqeta generated revenue of $155 million during the quarter while delivering a GAAP net loss of $37 million. The revenue was a 76% increase… Read More

Marqeta Partners with Citi Commercial Cards on Mobile Wallet Offering

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Marqeta (NASDAQ: MQ) has announced that Citi Commercial Cards (NYSE:C) has selected its tokenization-as-a-service offering to facilitate the provisioning of cards into mobile wallets. Marqeta is a digital/physical card issuing platform that integrates with digital wallets enabling additional features and services. In recent years, virtual… Read More

Marqeta Partners with Plaid on ACH Transfers

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Marqeta (NASDAQ: MQ) and Plaid have formed a partnership, according to a corporate statement. Marqueta will be leveraging Plaids’ bank account information to streamline the ACH process. Marqeta is the biggest name in modern card issuance and management and Plaid is a leader in the… Read More

Marqeta Hires Former Visa Executive as New CFO, Anticipates Strong Q4 Earnings Report

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Marqeta (NASDAQ: MQ) has hired Mike Milotich as the company’s new Chief Financial Officer, effective February 22, 2022, according to a company statement. Milotich is said to have been at Visa for ten years most recently as Senior Vice President of Investor Relations and Corporate… Read More

Marqeta Certified to Operate in Singapore, Thailand and Philippines

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Marqeta (NASDAQ: MQ) is now approved to operate in Singapore, Thailand, and the Philippines, according to a statement from the company. The “modern card issuing platform” is now certified to operate in 39 different countries. Marqeta says it will open an office in Singapore in… Read More

Marqeta Hires New Chief Human Resources Officer

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Marqeta (NASDAQ:MQ), a leading card-issuing platform for the digital generation, has announced Sunaina “Suni” Lobo as its new Chief Human Resources Officer Lobo previously worked at Cisco, SVB, ANZ Bank, and Navis. In her role, she is expected to lead the “People and Culture function”… Read More

Marqeta Leads Funding Round in ConnexPay, a Payments Gateway

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Marqeta (NASDAQ:MQ) has announced its first venture investment after becoming a publicly-traded company. Marqeta has led a $20 million Series B funding round into payments gateway ConnexPay.  ConnexPay, a customer of Marqeta’s since 2018, offers a combined merchant acquiring and virtual card issuing solution for… Read More

Marqeta Expands Relationship with Klarna into 13 New European Markets

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Marqeta (NASDAQ: MQ) has worked with Klarna since 2018 and today the two companies are broadening their relationship. According to a statement from Marqeta, its partnership with Klarna will expand into 13 new European markets: the United Kingdom, Germany, France, Italy, Spain, Netherlands, Poland, Belgium,… Read More

Marqeta and First National Bank of Omaha on Next Gen Credit Systems

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Marqeta (NASDAQ: MQ) has announced a new partnership with First National Bank of Omaha (FNBO), on a next generation credit card programs. Marqeta is a modern card issuing platform that works with Fintechs as well as traditional financial services firms. The company notes that the COVID… Read More

Square Enlists Marqeta to Launch Square Card in Canada

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Square (NYSE:SQ) has asked Marqeta (NASDAQ: MQ) to assist with its expansion in Canada. According to a company statement, Marqeta is powering the launch of the Square Card in Canada. Square is a Fintech that provides payments, including POS transactions, along with a growing number… Read More

Marqeta Earnings: Revenue Jumps 56% Year Over Year, Tops Expectations, Shares Rise After Hours

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Fintech Marqeta (NASDAQ:MQ) reported Q3 earnings after the market closed today and the results pleased investors. According to Marqeta’s release, net revenue generated for the quarter was $132 million, up 56% year-over-year. Marqeta reported a GAAP net loss of $45.7 million and Adjusted EBITDA of… Read More

Marqeta Announces Partnership with Bill.com

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Marqeta (NASDAQ: MQ) a leading card issuance and management platform, is on a roll having announced multiple partnerships in the past few days. Today, Marqeta is revealing a collaboration with Bill.com (NYSE: BILL) to facilitate new commercial card products for its institutional clients. Bill.com is… Read More

Amount, Marqeta Debut BNPL Virtual Card, Loan Origination Tools

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Amount, a technology provider for financial institutions, and global modern card issuing platform Marqeta  (NASD:MQ) announced today a virtual card and loan origination partnership to help banks rapidly enter the buy now, pay later (BNPL) space. The partnership alleviates the digital tools gap that prevents… Read More

Uber Freight Teams Up with Marqeta, Branch to Provide Quicker Payments and Support Rewards for Carriers

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Marqeta (NASDAQ: MQ), the modern card issuing platform, reveals that it has teamed up with Branch, a workforce payments platform, and Uber Freight in order to bring quick, reliable payments and carrier-first financial services to the logistics and transportation sectors. Uber Freight’s driver-first carrier tools… Read More

Marqeta Now Powering Products for Coinbase, Bakkt, and More

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Marqeta (NASDAQ: MQ), says it is now powering crypto products for Coinbase, Fold, Shakepay, and Bakkt, according to a release from the company/ Marqeta is a Fintech that partners with firms to issue and manage “modern cards.” Marqeta says these new products allow customers to… Read More

Two Successful Fintechs Partner: Marqeta Powers Figure Pay + BNPL

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Marqeta (NASDAQ: MQ), a top Fintech that powers modern card services, has announced a partnership with Figure, a Fintech that leverages blockchain technology, to launch Figure Pay, a digital money app. According to a release, Figure Pay is now available in 26 different states and… Read More

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