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MQ / Marqeta to purchase credit-card management company Power Finance for at least $223 million

Marqeta to purchase credit-card management company Power Finance for at least $223 million
Marqeta Inc. MQ, -3.98% plans to acquire credit-card program-management company Power Finance for at least $223 million in cash, the company announced Monday. “We already see considerable demand for differentiated credit products from companies looking to innovate in this space who are held back by the constraints of legacy technology,” Simon Khalaf, Marqeta's incoming chief executive, said in a release. Read More
Posted: Jan 30 2023, 09:04
Author Name: Market Watch
Views: 110144

MQ News  

Marqeta CEO talks new credit card issuing platform

By CNBC Television
October 23, 2023

Marqeta CEO talks new credit card issuing platform

Simon Khalaf, Marqeta CEO, joins 'Closing Bell Overtime' to talk the company's new credit card issuing platform for brands. more_horizontal

Marqeta and Scalapay Team to Expand Europe's BNPL Use

By PYMNTS
October 17, 2023

Marqeta and Scalapay Team to Expand Europe's BNPL Use

Card issuer Marqeta has teamed with Scalapay to expand buy now, pay later use in Europe. The collaboration, announced Tuesday (Oct. 17), will se more_horizontal

Block's stock could double, analyst says, as an exciting milestone may be in view

By Market Watch
October 12, 2023

Block's stock could double, analyst says, as an exciting milestone may be in view

Block Inc. shares could more than double from here, according to Barclays analyst Ramsey El-Assal, as investors seem to be overlooking some potential more_horizontal

1 Reason to Buy and 1 Reason to Avoid This Fintech Up 83% From Its 52-Week Low

By The Motley Fool
September 8, 2023

1 Reason to Buy and 1 Reason to Avoid This Fintech Up 83% From Its 52-Week Low

Marqeta is a fintech that has struggled in recent years, falling 81% since its peak in 2021. The company relies on one customer for most of its revenu more_horizontal

Marqeta's Revenue Is About to Be Cut in Half. Here's Why It's a Screaming Buy.

By The Motley Fool
August 27, 2023

Marqeta's Revenue Is About to Be Cut in Half. Here's Why It's a Screaming Buy.

Marqeta forecast that revenue would fall by half next quarter. However, that's due to its contract renewal with Cash App parent Block. more_horizontal

How fintech company Marqeta is using ai to help consumers

By Yahoo Finance
August 27, 2023

How fintech company Marqeta is using ai to help consumers

Marqeta CEO Simon Khalaf spoke with Yahoo Finance anchor Rachelle Akuffo about the four areas in financial services the company is using generative AI more_horizontal

Marqeta Soars with Cash App Renewal Seen as Positive

By Bloomberg Technology
August 9, 2023

Marqeta Soars with Cash App Renewal Seen as Positive

Marqeta CEO Simon Khalaf discusses the company's quarterly earnings results beating expectations, and what the renewal of Marqeta's contract with Bloc more_horizontal

Here's Why Marqeta Is Soaring on Wednesday

By The Motley Fool
August 9, 2023

Here's Why Marqeta Is Soaring on Wednesday

Marqeta posted solid revenue and payment volume growth in the second quarter. A major development with the company's largest customer is driving share more_horizontal


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