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. (MQ) is a leading innovator in modern card issuing and payment processing technology. This hub provides investors and industry observers with comprehensive access to official press releases, financial disclosures, and strategic developments from the fintech pioneer.
Track Marqeta's progress through curated updates including quarterly earnings reports, product enhancements to its open API platform, partnership announcements with major payment networks, and regulatory filings. Our repository ensures timely access to primary source materials that impact investment decisions and market analysis.
Key focus areas include Marqeta's advancements in digital payment infrastructure, virtual card solutions, and enterprise-scale transaction processing systems. The platform supports informed analysis of the company's position within evolving sectors like mobile banking, embedded finance, and cross-border payment technologies.
Bookmark this page for streamlined monitoring of Marqeta's operational milestones, leadership updates, and technology patents. Combine our verified news feed with Stock Titan's financial tools for complete market intelligence.
Marqeta (NASDAQ: MQ) has been selected by Perpay to power the Perpay Credit Card, issued by Celtic Bank. The partnership involves migrating Perpay's credit card offering to Marqeta's modern credit platform to enhance scalability and user experience. The Perpay Credit Card is an unsecured credit card designed to help users build or improve their credit through automated paycheck-linked payments.
Through Marqeta's platform, Perpay gains access to instant virtual card issuance, real-time cardholder data, spend controls, and a flexible rewards engine. The platform enables Perpay to customize the entire user experience from application to everyday spending, while offering personalized rewards for spending within Perpay's marketplace. This migration demonstrates the growing demand for modern credit solutions with enhanced scalability and flexibility.
Marqeta (NASDAQ: MQ), the global modern card issuing platform, has scheduled its first quarter 2025 financial results announcement for Wednesday, May 7, 2025. The company will host a conference call and webcast at 4:30 pm ET, following the release of financial results after market close. Mike Milotich, serving as both Interim Chief Executive Officer and Chief Financial Officer, will lead the conference call. Investors can access the webcast through Marqeta's investor relations website, where a replay will also be available after the event.
Marqeta (NASDAQ: MQ) has partnered with Spendesk Financial Services (SFS) as their issuer processor in Europe. This collaboration enhances Spendesk's spend management and procurement platform, serving over 4,000 SMBs across Europe.
Through Marqeta's open API platform, Spendesk now offers enhanced features including:
- Real-time card processing and secure transactions
- Customizable spend controls for both physical and virtual cards
- Dynamic expense screening and authorization
- Integration with existing accounting software
- AI-powered solution for procurement and expense management
The partnership enables businesses to implement time-specific spending restrictions, monitor unusual transactions, and approve/deny transactions in real-time, significantly reducing friction in expense management processes.
Marqeta (NASDAQ: MQ) announced its partnership with Trading 212 to expand into 20 new European markets within six months. Trading 212, the UK's most downloaded investing app since 2016, leverages Marqeta's platform to power its debit card program offering zero fx fees, no account fees, and 0.5% cashback rewards that can be reinvested.
Trading 212, serving over 3 million customers, is pioneering zero-commission stock trading in the UK and Europe. The partnership utilizes Marqeta's presence in 40+ countries to accelerate market entry and implements advanced security features including Real Time Decisioning and 3D Secure for fraud prevention.
Green Dot (NYSE: GDOT) and Marqeta, Inc. (NASDAQ: MQ) have announced a strategic collaboration to enhance cash services across the United States. The partnership leverages Green Dot's extensive network of over 95,000 retail locations nationwide, enabling convenient cash deposits for Marqeta's customers.
The collaboration addresses the persistent demand for cash services, particularly among low-to-moderate income (LMI) and mature consumers aged 55-plus, who still prefer cash transactions according to Federal Reserve data. Through this partnership, customers can access cash deposit services at major retailers including Walmart, Walgreens, 7-Eleven, and CVS.
The Green Dot Network, powered by Arc, provides comprehensive coverage with 96% of the U.S. population living within three miles of a service location. This initiative aims to bridge the digital divide while offering affordable financial services, particularly beneficial in underbanked communities where traditional banks are reducing their physical presence.
Marqeta (NASDAQ: MQ) has announced an agreement to acquire TransactPay, a European E-Money Institution and BIN Sponsor. This strategic acquisition will enhance Marqeta's card program management capabilities in the UK and European markets.
TransactPay, founded in 2012, operates in 25 countries, supports 16 currencies, and holds principal membership with Mastercard and Visa. The company is licensed to issue e-money and provide payment services in the UK and European Economic Area.
The acquisition will enable Marqeta's customers to access comprehensive card program management capabilities in the UK and EU without the complexity of multiple partnerships. TransactPay's integration will provide dedicated customer support, production assistance, and strategic relationships with banks, networks, and regulators.
Marqeta (NASDAQ: MQ) announced an immediate leadership transition, with CFO Mike Milotich appointed as Interim CEO, following Simon Khalaf's departure from his roles as CEO and Director. Milotich will maintain his CFO position while serving as interim chief executive.
The Board of Directors has initiated a comprehensive search process with a leading executive search firm to identify Marqeta's next permanent CEO. According to Independent Board Chair Judson C. Linville, this transition comes as the company prepares for a new fiscal year and aims to create new growth opportunities.
Milotich, a payments industry veteran, has been recognized for his role in driving Marqeta's growth and path to profitability. The company, known for pioneering modern card issuing solutions for fintechs and commerce disruptors, is focusing its strategy on innovation and profitable growth as it expands into the embedded finance market.
Marqeta (NASDAQ: MQ) reported strong Q4 2024 results with Total Processing Volume (TPV) reaching $80 billion, up 29% year-over-year. The company achieved Q4 Net Revenue of $136 million (+14% YoY) and Gross Profit of $98 million (+18% YoY), with a GAAP Net Loss of $27 million.
For full-year 2024, TPV grew 31% to $291 billion, while Net Revenue decreased 25% to $507 million, primarily due to the Cash App renewal impact. The company posted annual Gross Profit of $352 million (+7% YoY) and GAAP Net Income of $27 million.
Key developments include: signing new programs including first consumer credit co-brand partnership, agreement to acquire TransactPay for European expansion, plans to add American Express network, and Board authorization for $300 million share repurchase program.
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