Card issuing platform Marqeta has filed for an IPO in the US.
In Brief:
- Marqeta uses open APIs to issue and process payment cards.
- It plans to go public in the coming months.
- The firm’s valuation has been placed at $10bn.
What does this mean?
According to Reuters, Marqeta filed confidentially with the US Securities and Exchange Commission on Tuesday, and plans remain subject to market conditions.