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Marqeta, Inc. - MQ STOCK NEWS

Welcome to our dedicated page for Marqeta news (Ticker: MQ), a resource for investors and traders seeking the latest updates and insights on Marqeta stock.

Marqeta, Inc. (symbol: MQ) is at the forefront of payment technology, providing a cutting-edge platform for issuing digital, physical, and tokenized payment options. Founded in 2010 and headquartered in Oakland, California, Marqeta has re-engineered how payment cards and mobile authorization products are developed and deployed. The company’s fully documented, open API issuer processor platform offers unparalleled control over how transactions are authorized, enabling companies to build, issue, and deploy innovative payment solutions.

The Marqeta platform is designed from the ground up without any legacy infrastructure, ensuring it is both modern and flexible. It integrates seamlessly with major payment networks like Visa, MasterCard, and Discover, making it easier for businesses to facilitate payments, reward customers, and improve operational efficiency. Clients include top-tier brands in financial services, e-commerce, retail, and social media, such as DoorDash, Klarna, and Block.

Engineered in California, the Marqeta platform supports a wide range of use cases, from on-demand delivery services to point-of-sale financing. The company generates revenue primarily through processing and ATM fees related to the cards issued on its platform.

Marqeta’s commitment to innovation is evident in its recent achievements and ongoing projects. Continuous enhancements to its API capabilities allow for rapid deployment of new products, maintaining Marqeta’s competitive edge in the industry. For more information, visit www.marqeta.com.

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Marqeta announces partnerships with Extend and Financeit to provide seamless payments experiences for retailers.
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Marqeta, Inc. to discuss Q3 2023 financial results in conference call on November 7, 2023.
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67% of consumers surveyed have changed financial habits to cut spending amid economic uncertainty. Demand for Accelerated Wage Access is growing, with 1 in 5 consumers willing to give up a week of paid time off for daily access to wages. 52% of consumers under 50 are interested in using Generative AI for financial management.
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Marqeta, Inc. to host virtual Investor Day on November 9, 2023, followed by virtual Q&A on November 10, 2023. Management to provide overview of growth strategy, product capabilities, and financial objectives. In-person meetings to be held in New York City, Boston, and San Francisco. Conference call webcast available on Marqeta's investor relations website.
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Marqeta appoints Heather Gantt-Evans as Chief Information Security Officer (CISO) during a time of global expansion.
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Marqeta announces new embedded finance customers Giftbit, Vivian, and Whistle, showcasing the power of their platform for delivering new experiences and incentive cards. Embedded finance customers account for over half of Marqeta's bookings in H1 2023. Giftbit leverages Marqeta's platform for faster, more flexible disbursement solutions. Vivian provides cash rewards to travel clinicians with VIP Elite status through Marqeta's technology. Whistle's digital rewards wallet powered by Marqeta helps improve employee retention and productivity. Embedded finance enables companies to create a seamless payments experience, building loyalty among employees and reducing friction with customers.
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Marqeta reports Q2 2023 financial results: $54B total processing volume, up 33% YoY; $231M net revenue, up 24% YoY. Gross profit of $85M, up 8% YoY. Net loss of $59M. Highlights partnership extension with Block and expansion into Brazil with Fitbank.
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FAQ

What is the current stock price of Marqeta (MQ)?

The current stock price of Marqeta (MQ) is $5.95 as of November 4, 2024.

What is the market cap of Marqeta (MQ)?

The market cap of Marqeta (MQ) is approximately 3.0B.

What does Marqeta do?

Marqeta provides a platform for issuing digital, physical, and tokenized payment cards, enabling rapid deployment of innovative payment solutions.

When was Marqeta founded?

Marqeta was founded in 2010.

Where is Marqeta headquartered?

Marqeta is headquartered in Oakland, California.

What is unique about Marqeta's platform?

Marqeta's platform is built with no legacy infrastructure and includes fully documented open APIs, providing enormous control over transaction authorization.

Who are some of Marqeta's clients?

Leading brands like DoorDash, Klarna, and Block use Marqeta's platform.

How does Marqeta generate revenue?

Marqeta primarily earns through processing and ATM fees for the cards issued on its platform.

What payment networks does Marqeta integrate with?

Marqeta integrates with major networks such as Visa, MasterCard, and Discover.

What industries benefit from Marqeta's platform?

Financial services, e-commerce, retail, and social media brands benefit from Marqeta's platform.

Where can I learn more about Marqeta?

You can learn more about Marqeta at their official website: www.marqeta.com.

What kind of payment options does Marqeta support?

Marqeta supports digital, physical, and tokenized payment options.

Marqeta, Inc.

Nasdaq:MQ

MQ Rankings

MQ Stock Data

3.02B
471.85M
4.65%
82.34%
3.07%
Software - Infrastructure
Services-prepackaged Software
Link
United States of America
OAKLAND