Marqeta closes up 13%, topping $16 billion market cap in Wall Street debut
Summary
Founded in 2010 and based in Oakland, California, Marqeta sells payment technology thats designed to detect potential fraud and ensure that money is properly routed. "We created modern card issuing," CEO Jason Gardner said on CNBCs "Squawk Box" Wednesday morning before shares started trading. In addition to meal-delivery companies, Marqeta powers Squares debit card for small business owners and its popular Cash App for peer-to-peer payments. Affirm and Klarna, which provide small-dollar lending to consumers for purchases like bikes and TVs, use Marqetas technology to move money with their installment loans. SIGN UP for our weekly, original newsletter that goes beyond the list, offering a closer look at CNBC Disruptor 50 companies, and the founders who continue to innovate across every sector of the economy.
Funding
Classifications
AskAI Classifications
LabelsLinked Companies
