FinTech Alliance company Marqeta has seen its stock rise 15% following revenue gains in Q3.
In Brief:
Marqeta is a card issuing platform that supports a variety of businesses.
Its Q3 results for 2021 showed an increase of 60% YoY for total processing volume.
Its net revenue increased by 56% YoY.
What does this mean?
Throughout the past year Marqeta has added a host of new partners such as Figure and Bill.com. It’s also supporting businesses in a number of industries, like Uber Freight in the logistics space.
Founder and CEO Jason Gardner said that the platform “is bringing to life unique new payments use cases for an incredible array of innovators”.
