Marqeta Goes Public on The NASDAQ

| By:

marqetaMarqeta went public on the Nasdaq this afternoon, raising $1.2 billion and pricing higher than expectations. The firm priced 45.5 million shares at $27, and prices rose to over $30 a share.

Marqeta sells payment tech designed to detect fraud by issuing physical cards to independent contractor firms like DoorDash and Instacart. Contractors use Marqeta cards at point-of-sale in restaurants and supermarkets. Marqeta also enables Square’s Cash App debit card and Buy Now Pay Later fintech firms Affirm and Klarna to move money.

The firm applied for a public offering on May 15th, posting an annualized first quarter 2021 revenue growth of 123% to $108 million and a 2020 annual revenue that had doubled to $290.3 million.

Last modified: June 9, 2021
Kevin Travers

Kevin Travers was a Reporter at deBanked.

Category: Fintech, Industry News

Home Fintech, Industry News › Marqeta Goes Public on The NASDAQ

    Wynwood Capital Group

    South End Capital

    SOS Capital

    Vox Funding

    AMA Recovery

    Smart Business Funding

    Main Street Finance Group

    Forward Financing

    Accord Business Funding

    Spartan Capital

    Amerifi Capital

    Paz Funding Source

    Velocity Capital Group

    Hunter Caroline

    Merchant Financing Leads

    The Smarter Merchant

    Fresh Funding

    IAC - In Advance Capital


    deBanked CONNECT MIAMI

    Green Note Capital

    Balboa Capital



    Meridian Leads

    Bitty Advance

    Big Think Capital