| Market Capitalization (Millions $) |
2,467 |
| Shares
Outstanding (Millions) |
546 |
| Employees |
771 |
| Revenues (TTM) (Millions $) |
507 |
| Net Income (TTM) (Millions $) |
27 |
| Cash Flow (TTM) (Millions $) |
-58 |
| Capital Exp. (TTM) (Millions $) |
21 |
Marqeta Inc
Marqeta created modern card issuing, and we believe modern card issuing is at the heart of today's digital economy.
When you order food using DoorDash or groceries using Instacart, modern card issuing works in the background as money moves from the app to the delivery driver or shopper's payment card, allowing the driver or shopper to pay for exactly what you ordered, and nothing else.
When you buy a big screen TV and pay for it in installments using Affirm or Klarna, modern card issuing helps move money to the payment card that Affirm or Klarna uses to seamlessly pay the merchant.
When you receive money from your friend through Block's Cash App, modern card issuing helps move the funds to your debit card, making it instantly available to you to make purchases.
Marqeta's modern card issuing platform empowers our Customers - which include businesses like Affirm, Block (formerly known as Square), DoorDash, Instacart, and Klarna - to create customized payment cards that provide innovative payment experiences for their customers, shoppers, and end users. Before the rise of modern card issuing, creating cards was slow, complex, and subject to mistakes. Marqeta helps solve these problems. Our Platform, powered by open APIs, enables businesses to develop modern, frictionless payment card experiences for consumer and commercial use cases that are either the core of, or in support of, their core business.
Marqeta is the first company to offer a Platform for modern card issuing and transaction processing and we believe also the first to market with multiple issuing and processing innovations, including the first open APIs, JIT Funding, and Tokenization as a Service. Marqeta's modern card issuing Platform supports prepaid, debit, and credit products. Modern card issuing is secure card issuing and processing delivered via an open API platform that enables card issuers to create customized payment card products that leverage a just-in-time funding feature, authorizing their end users' transactions in real-time. Integrated with major global and local Card Networks, modern card issuing enables card issuers to build payment solutions to their specifications and launch them globally.
We believe we are deeply integrated with our Customers in three ways: our technology underpins their core business or supports a core business process, our solutions drive their key processes, and our people become their trusted partner. In addition, our usage-based business model provides a win/win for both our Customers and us: as their businesses thrive, our net revenue grows.
Company Address: 180 Grand Avenue Oakland 94612 CA
Company Phone Number: 671-5437 Stock Exchange / Ticker: NASDAQ MQ
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