Marqeta is Preparing to Go Public

Payments startup Marqeta is looking to hire investment banks to advise the company on a potential IPO; the company has been one of the biggest stars during the lockdown with a surge in online shopping and food delivery payments through their platform; sources tell Reuters that the listing could happen later this year or in 2021; Marqeta is currently valued at $4.3bn and were told that if they went public they could garner a considerably higher valuation; payments firms have been some of the better performing fintech companies in the public markets and the stay at home orders have only helped accelerate the shift to digital payments. Reuters.

  • Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.