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 reported strong Q3 2021 results, with net revenue of $132 million, a 56% increase year-over-year. The company achieved a 60% growth in Total Processing Volume (TPV), reaching $27.6 billion, and a 67% rise in gross profit to $59 million, resulting in a gross margin of 45%. Despite these gains, Marqeta faced a net loss of $45.7 million, a 272% increase from last year. The company expects Q4 2021 net revenue between $134-$139 million and an Adjusted EBITDA loss of $(10) - $(7) million.
Marqeta, Inc. (NASDAQ: MQ), a leading global modern card issuing platform, announced participation in upcoming investor conferences. The Citi 2021 FinTech Conference is scheduled for November 16 at 11:15 am ET, followed by the Credit Suisse 25th Annual Technology Conference on November 30 at 4:30 pm ET. Webcasts and replays will be available on Marqeta's investor relations site. Marqeta enables clients to create tailored payment cards through its scalable, cloud-based platform, operating in 36 countries worldwide.
Marqeta (NASDAQ: MQ) has partnered with Bill.com (NYSE: BILL) to enhance virtual card payments for financial institutions. This collaboration aims to help Bill.com's customers streamline their accounts payable processes. Marqeta will provide its modern card issuing platform, supporting innovation in payment solutions. The partnership underscores Marqeta's commitment to empowering businesses with advanced financial technologies, enabling faster and more efficient transactions. Both companies see this as a significant step toward addressing market gaps in payment digitization.
On October 26, 2021, Amount and Marqeta introduced a groundbreaking partnership aimed at facilitating banks' entry into the Buy Now, Pay Later (BNPL) market. This collaboration addresses digital tool gaps, enabling banks to launch BNPL offerings and virtual cards in a matter of months. With the BNPL market projected to see a 274% surge by 2026, this initiative positions banks to capture significant untapped revenue. The fully integrated solutions promise to enhance customer acquisition, loyalty, and overall revenue streams for financial institutions aiming to compete in the evolving digital landscape.
Marqeta (NASDAQ: MQ) has partnered with Branch and Uber Freight to enhance payment solutions for carriers in the logistics industry. This collaboration allows Uber Freight to provide payments to carriers within two hours of approved delivery, drastically reducing the standard wait time by 99.7%. The feature is designed to support smaller carriers who face cash flow challenges. Additionally, Branch’s digital wallet offers financial services including a no-fee checking account, providing a means for better cash management. This partnership aims to modernize the trucking payment experience and improve operational efficiencies.
Marqeta, a global card issuing platform, released an industry study titled The European Payments Landscape in 2030, in collaboration with Consult Hyperion. This study explores future payment innovations and ethical considerations, highlighting trends like AI-driven wallets and microchip implants. Key findings from a consumer survey reveal significant consumer interest in futuristic payment methods, with 51% open to microchip implants. However, concerns about disappearing cash and exclusion for certain demographics also arise. The study underscores the need for regulators to adapt to the rapid pace of innovation in the payments sector.
Marqeta (NASDAQ: MQ) announced it is powering cryptocurrency spending and rewards products for major players like Coinbase, Fold, Shakepay, and Bakkt. The increase in cryptocurrency popularity, with 14% of US citizens reportedly owning crypto, has fueled demand for modern payment solutions. Marqeta’s innovative platform enables cryptocurrency transactions at point-of-sale and offers customizable card solutions. Key features include Just-in-Time Funding, real-time notifications, and instant card issuance, enhancing the digital banking experience.
Marqeta, Inc. (NASDAQ: MQ) will host a conference call and webcast on November 10, 2021, at 4:30 pm ET to discuss its third quarter 2021 financial results. The call will feature CEO Jason Gardner and CFO Tripp Faix. A press release with the financial results will be available after market close on the same day. Investors can access the live webcast and subsequent replay on Marqeta's investor relations website.
Marqeta empowers businesses with its modern card issuing platform, certified in 36 countries, providing flexible payment card solutions.
Marqeta (NASDAQ: MQ) announced a partnership with Figure to launch Figure Pay, an all-in-one digital money app, currently available in 26 states. This new product leverages Provenance Blockchain for faster payments, offering a fee-free deposit account, seamless money transfers, rewards, and access to 55,000 ATMs. Additionally, it features Buy Now, Pay Later functionality, aiming to enhance financial inclusion for underbanked users. Marqeta's revenue from Buy Now, Pay Later services surged by 350% in Q2 2021, reflecting strong demand for flexible payment solutions.
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