Marqeta

OverviewSuggest Edit

Marqeta is a company that develops an API payment platform designed to offer card issuing and payment processing services. Its open payment processor platform provides a set of controls and configurations designed to meet the needs of on-demand service companies, alternative lenders, as well as those looking for payouts for workers.
TypePublic
Founded2010
HQOakland, CA, US
Websitemarqeta.com
Employee Ratings4.3
Overall CultureA-

Latest Updates

Employees (est.) (Sept 2021)696(+13%)
Job Openings36
Revenue (FY, 2020)$290.3 M(+103%)
Share Price (May 2022)$11(+12%)
Cybersecurity ratingCMore
Discover new suppliers and conduct deeper comparison analysis with Craft for EnterpriseLearn more
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Key People/Management at Marqeta

Jason Gardner

Jason Gardner

Founder, CEO
Sunaina Lobo

Sunaina Lobo

Chief Human Resources Officer
Kevin Doerr

Kevin Doerr

Chief Product Officer
Seth Weissman

Seth Weissman

Chief Legal Officer
Randy Kern

Randy Kern

Chief Technology Officer
C. Linville

C. Linville

Board Member
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Marqeta Office Locations

Marqeta has an office in Oakland
Oakland, CA, US (HQ)
180 Grand Ave 6th Floor
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Marqeta Financials and Metrics

Marqeta Revenue

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View revenue for all periods
Marqeta's revenue was reported to be $290.29 m in FY, 2020 which is a 102.6% increase from the previous period.
USD

Revenue (Q3, 2021)

131.5m

Gross profit (Q3, 2021)

59.1m

Gross profit margin (Q3, 2021), %

44.9%

Net income (Q3, 2021)

(45.7m)

EBIT (Q3, 2021)

(45.6m)

Market capitalization (26-May-2022)

5.3b

Closing stock price (26-May-2022)

11.0

Cash (30-Sept-2021)

1.3b

EV

4.1b
Marqeta's current market capitalization is $5.3 b.
Annual
USDFY, 2019FY, 2020

Revenue

143.3m290.3m

Revenue growth, %

103%

Cost of goods sold

82.8m172.4m

Gross profit

60.5m117.9m
Quarterly
USDQ2, 2019Q3, 2019Q1, 2020Q2, 2020Q2, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

35.6m39.2m48.4m69.4m84.3m108.0m122.3m131.5m

Cost of goods sold

18.9m22.6m29.8m41.8m49.0m58.1m75.3m72.4m

Gross profit

16.6m16.6m18.6m27.6m35.3m49.9m47.0m59.1m

Gross profit Margin, %

47%42%38%40%42%46%38%45%
Annual
USDFY, 2019FY, 2020

Cash

60.3m220.4m

Accounts Receivable

4.0m8.4m

Prepaid Expenses

9.3m11.5m

Current Assets

197.2m430.9m
Quarterly
USDQ1, 2021Q2, 2021Q3, 2021

Cash

247.6m1.6b1.3b

Accounts Receivable

3.4m5.9m7.3m

Prepaid Expenses

11.3m11.2m19.9m

Current Assets

453.7m1.8b1.8b
Annual
USDFY, 2019FY, 2020

Net Income

(58.2m)(47.7m)

Depreciation and Amortization

3.1m3.5m

Accounts Payable

1.6m(839.0k)

Cash From Operating Activities

(15.4m)50.3m
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Net Income

(14.5m)(21.6m)(33.9m)(12.8m)(81.4m)(127.1m)

Depreciation and Amortization

857.0k1.7m2.6m907.0k1.8m2.6m

Accounts Payable

(94.0k)(534.0k)(314.0k)(43.0k)(18.0k)282.0k

Cash From Operating Activities

(8.5m)14.7m28.6m17.9m5.8m1.4m
USDQ2, 2019

Revenue/Employee

125.7k
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Marqeta Operating Metrics

FY, 2020

Countries

36

Patents (US)

3

Patents Pending (US)

4

Retention Rate

200%

Marqeta Acquisitions / Subsidiaries

Company NameDateDeal Size
Marqeta Australia Pty Ltd
Marqeta UK LTD

Marqeta Revenue Breakdown

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Marqeta revenue breakdown by business segment: 80.7% from Net Interchange Fees, 16.5% from Processing and Other Fees and 2.8% from Other

Marqeta Cybersecurity Score

Cybersecurity ratingPremium dataset

C

78/100

SecurityScorecard logo

Marqeta Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Marqeta Online and Social Media Presence

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Marqeta Company Culture

  • Overall Culture

    A-

    76/100

  • CEO Rating

    A-

    75/100

  • Compensation

    B

    76/100

Learn more on Comparably

Marqeta News and Updates

Embedded finance platform Alviere signs with Marqeta

Alviere, the leading global embedded finance platform that enables any brand to deliver a full suite of financial products and services to customers, fans, and employees, today announced a groundbreaking partnership with Marqeta (NASDAQ: MQ), the global modern card issuing platform.

Brim Financial appoints former Marqeta VP Arthur Zhao as chief financial officer

Arthur Zhao co-led Marqeta to its Nasdaq IPO last year. The post Brim Financial appoints former Marqeta VP Arthur Zhao as chief financial officer first appeared on BetaKit.

Marqeta signs Evolve Bank & Trust as new bank partner

Marqeta (NASDAQ: MQ), the global modern card issuing platform, today announced the addition of Evolve Bank & Trust as a new bank partner to offer additional solutions for customers that take advantage of Marqeta’s full program management capabilities.

Marqeta adds risk control suite to card issuing platform

Marqeta (NASDAQ: MQ), the global modern card issuing platform, today announced its new RiskControl solution, a comprehensive product suite to help its customers better optimize their card programs and take control of end-to-end risk management.

Marqeta survey finds 79% denied a loan due to outdated affordability criteria

Marqeta, the global modern card issuing platform, today released new data from a survey of European consumers on their attitudes and experiences of lending. The findings, which will be detailed in an upcoming report on the future of lending, shows many consumers still feel frozen out of the lending …

Thinking about buying stock in Marqeta, Ion Geophysical, Northern Dynasty Minerals, Esperion Therapeutics, or Aemetis?

NEW YORK, March 10, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for MQ, IO, NAK, ESPR, and AMTX. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link....
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Marqeta Blogs

Marqeta wins Tearsheet Bankchain Award for crypto card solution

We’re excited to share that we won the “Innovation Award” at this year’s Tearsheet Bankchain Awards for our cryptocurrency card... The post Marqeta wins Tearsheet Bankchain Award for crypto card solution appeared first on | Marqeta Blog.

New Report: 2022 State of Consumer Money Movement

Today, we released our 2022 State of Consumer Money Movement Report providing an in-depth look into consumer preferences in how... The post New Report: 2022 State of Consumer Money Movement appeared first on | Marqeta Blog.

2022 State of Consumer Money Movement

What happens when the new normal becomes plain old normal? In partnership with Propeller Insights, Marqeta conducted a survey of 4,000 consumers across three continents. The post 2022 State of Consumer Money Movement appeared first on Marqeta.

Marqeta embraces Mental Health Awareness Month

May is Mental Health Awareness Month. At Marqeta, we are taking this time to pause and recognize the impact that... The post Marqeta embraces Mental Health Awareness Month appeared first on | Marqeta Blog.

Marqeta’s OpenAPI Definitions are in public beta

Marqeta’s OpenAPI definitions are in public beta We’re excited to announce the public beta release of our OpenAPI definitions and... The post Marqeta’s OpenAPI Definitions are in public beta appeared first on | Marqeta Blog.

Marqeta adds Evolve Bank & Trust as bank partner

Today, we announced the addition of Evolve Bank & Trust as a new bank partner to offer additional solutions for... The post Marqeta adds Evolve Bank & Trust as bank partner appeared first on | Marqeta Blog.
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Marqeta Frequently Asked Questions

  • When was Marqeta founded?

    Marqeta was founded in 2010.

  • Who are Marqeta key executives?

    Marqeta's key executives are Jason Gardner, Sunaina Lobo and Kevin Doerr.

  • How many employees does Marqeta have?

    Marqeta has 696 employees.

  • What is Marqeta revenue?

    Latest Marqeta annual revenue is $290.3 m.

  • What is Marqeta revenue per employee?

    Latest Marqeta revenue per employee is $417.1 k.

  • Who are Marqeta competitors?

    Competitors of Marqeta include Galileo Financial Technologies, Payroc and Amazon Pay.

  • Where is Marqeta headquarters?

    Marqeta headquarters is located at 180 Grand Ave 6th Floor, Oakland.

  • Where are Marqeta offices?

    Marqeta has an office in Oakland.

  • How many offices does Marqeta have?

    Marqeta has 1 office.