Marqeta, which helps companies issue credit and debit cards to their staff, has profited as the pandemic fueled a boom in online shopping and food delivery payments from homebound customers. The U.S. company's revenue surged to $290.3 million in 2020, from $143.3 million a year earlier. Marqeta's customers include Uber Technologies and food delivery company DoorDash Inc, which went public in December.
Marqeta, whose payment technology is used by DoorDash and Instacart, plans to go public on over $100 million in quarterly revenue.
Marqeta, the global modern card issuing platform, today announced it is partnering with Swissquote, a leading provider of online financial services, to offer a new app-based card program that gives users control over a range of financial activities, including banking and investing, in a single digital space.