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 appointed Mike Milotich as Chief Financial Officer effective February 22, 2022. Milotich joins from Visa with over 20 years of experience in corporate finance.
The company anticipates exceeding prior guidance for net revenue and adjusted EBITDA for Q4 2021, driven by higher processing volumes. However, the preliminary results are subject to financial closing procedures and could change.
Outgoing CFO Tripp Faix will assist with the transition until March 31, 2022.
Marqeta, Inc. (NASDAQ: MQ) will host a conference call and webcast on March 9, 2022, at 4:30 pm ET, to discuss its financial results for the fourth quarter and full year 2021. The call will feature CEO Jason Gardner and CFO Tripp Faix. A press release containing the financial results will be issued after market close that day. Investors can access the call via Marqeta's investor relations website, with a replay available afterwards.
Marqeta, a global card issuing platform, has expanded its services with new certifications in Singapore, Philippines, and Thailand, bringing its total to 39 countries. The company aims to establish Singapore as its Asia Pacific regional hub in 2022, enhancing support for regional fintechs seeking to modernize payment infrastructures. This move reflects Marqeta's strategy to empower clients with innovative, customizable payment solutions powered by open APIs, ultimately facilitating global expansion.
Marqeta (NASDAQ: MQ) has appointed Sunaina Lobo as Chief Human Resources Officer to enhance its People and Culture function globally. Lobo, previously with Navis, brings extensive experience from several global firms, focusing on innovation and inclusivity. CEO Jason Gardner emphasized her potential to foster an exceptional team and improve company culture as Marqeta scales internationally. Recognized as a top workplace, Marqeta is poised for significant growth in 2022 with plans for further global expansion.
Samotics, a leader in energy efficiency insights, has secured EUR 14.5 million in a Series A funding round led by 83North. Their AI-based SaaS platform analyzes electric motor systems to enhance performance and reduce energy consumption. With a 150% revenue increase in the past year and 30 new customers, including Thames Water and NLMK Steel, Samotics aims to expand its market presence and technological capabilities. This investment supports heavy industries in achieving net-zero targets while addressing significant energy wastage.
ConnexPay has secured $20 million in Series B funding led by Marqeta (NASDAQ:MQ), increasing total funding to $35 million. This marks Marqeta's first investment post-IPO in June 2021. ConnexPay aims to enhance its platform for online marketplaces and expand into Europe, targeting significant revenue growth of 5x in 2022. The investment will also support technology development for multi-currency and language capabilities. ConnexPay connects merchant acquiring and card issuing, simplifying payment processes for its customers.
Marqeta (NASDAQ: MQ) has expanded its partnership with Klarna, entering 13 new European markets, including the UK, Germany, and France. This move follows a successful collaboration that started in the US in 2018 and has now seen a significant increase in transactions, with a 340% year-over-year rise in Q3 2021. The partnership leverages Marqeta’s modern card issuing platform, enabling Klarna to enhance its payments capabilities. This expansion marks a substantial growth opportunity for Marqeta in the European market.
Marqeta announces a strategic partnership with First National Bank of Omaha (FNBO) to enhance its credit card offerings. This collaboration will enable the launch of modern credit card programs utilizing Marqeta's advanced card issuing platform and open APIs, addressing rising consumer demand. In the first half of 2021, credit card issuance rose by 42% compared to 2020. The partnership aims to facilitate rapid deployment of credit products, drawing on FNBO's extensive experience to provide superior underwriting and risk management services.
Marqeta (NASDAQ: MQ), Mastercard (NYSE: MA), and Paycast have announced a partnership to create a digital card product aimed at enhancing payment solutions for marketplace sellers. The Paycast Virtual Card will facilitate immediate access to funds for sellers, bolstered by Marqeta’s open API platform and Mastercard’s global network. This collaboration comes in response to the growing demand for better payment options in online marketplaces. Customers can expect to utilize the virtual card as early as 2022 in the UK, significantly improving transaction efficiency and security.
Marqeta (NASDAQ: MQ) has facilitated the launch of Square Card in Canada, aiding small businesses in cash flow management. This initiative allows immediate access to funds after sales, helping prevent business failures often tied to cash flow issues. The platform's integration with card networks and compliance expertise enabled this swift expansion. As a result, Canadian sellers can instantly create tokenized virtual cards through Marqeta’s push provisioning functionality, enhancing financial agility for small businesses.
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