Marqeta stock gains after company lands partnership

1 month ago 14
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Marqeta Inc. MQ, +14.45% said Wednesday that it has struck a caller concern with Holdings Inc. BILL, +2.99% done which Marqeta volition supply card-issuing exertion that tin beryllium utilized by’s financial-institution partners. Marqeta’s exertion volition “power caller innovative commercialized paper products for’s fiscal instauration customers,” the institution said successful a release. Marqeta offers exertion programming interfaces that marque it easier for companies to physique retired paper programs, portion seeks to assistance small- and medium-sized businesses automate accounts payable and different concern functions. The concern volition assistance customers “streamline payments and process payments faster,” Marqeta Chief Executive Jason Gardner said successful a release. Chief Executive René Lacerte added that the offering volition springiness clients “enhanced fiscal operations capabilities, enabling faster and easier outgo offerings.” Marqeta shares were up 5.8% successful premarket trading Wednesday, and they’ve gained 20.9% implicit the past 3 months arsenic the S&P 500 has risen 3.9%.

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