Marqeta Inc (Marqeta) creates and develops digital payment technology solutions. The company offers a modern card issuing platform that enables enterprises to issue and process prepaid, credit, and debit cards. Its platform enables card lifecycle and case management, data insights and reporting, card program access, and review through its dashboard. Marqeta serves digital payments, online travel, small, business lending, insurance, expense management, media and ad agencies, crypto cards, and other industries. The company operates in the US, the UK, Australia, Brazil, and Singapore. Marqeta is headquartered in Oakland, California, the US.
Headquarters
United States of America
Address
180 Grand Avenue, 6th Floor, Oakland, California, 94612
Website
www.marqeta.com
Telephone
1 510 2507939
No of Employees
771
Industry
Technology and Communications
Ticker Symbol & Exchange
MQ (NASD)
Revenue (2023)
$676.2M
-9.6%
(2023 vs 2022)
EPS
XYZ
Net Income (2023)
XYZ
-20.7%
(2023 vs 2022)
Market Cap*
$2.7B
Net Profit Margin (2023)
XYZ
-33.5%
(2023 vs 2022)
* As of and is in US$
Marqeta Inc premium industry data and analytics
Products and Services
| Products |
|---|
| Marqeta Platform |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Contracts/Agreements | In February, the company and AffiniPay entered into a partnership to introduce a dynamic and personalized credit offering. |
| 2024 | Contracts/Agreements | In January, the company, Torpago, and Sunwest Bank entered into a partnership to introduce Sunwest Visionary Card, Sunwest’s commercial credit card and expense management solution. |
| 2023 | Contracts/Agreements | In November, the company and Credi2 collaborated to offer banks an end-to-end installment platform that enables them to send installment payments on cards in response to the growing demand from customers for more flexible and seamless digital payment experiences. |
Competitor Comparison
| Key Parameters | Marqeta Inc | Fiserv Inc | Global Payments Inc | WEX Inc | Boost Payment Solutions LLC |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Oakland | Brookfield | Atlanta | Portland | New York City |
| State/Province | California | Wisconsin | Georgia | Maine | New York |
| No. of Employees | 771 | 42,000 | 27,000 | 6,100 | - |
| Entity Type | Public | Public | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Jason Gardner | Chairman | Executive Board | 2023 | 53 |
| Simon Khalaf | Chief Executive Officer | Senior Management | 2023 | - |
| Mike Milotich | Chief Financial Officer | Senior Management | 2022 | - |
| Randy Kern | Chief Technology Officer | Senior Management | 2021 | - |
| Karna Crawford | Chief Marketing Officer | Senior Management | 2023 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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