Modern Card Issuer Marqeta Is Going Public. Here’s What It Means For Payments Tech & Issuer Innovation
CB Insights
JUNE 7, 2021
Marqeta operates on a usage-based business model, meaning that the more customers use its card-issuing technology, the more money it earns. Marqeta was then well-positioned to provide modern card-issuing solutions that were more developer-focused, customizable, and secure. . In 2020, the company processed $60.1B Source: Marqeta S-1 .
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