#PayTech / Visa-Backed Marqeta Targets $10 Billion Valuation in 2021 IPO

Marqeta, a payments startup backed by Goldman Sachs Group Inc. and Visa Inc., hired underwriters for a planned 2021 initial public offering…

Marqeta, led by Chief Executive Officer Jason Gardner, struck a deal with Uber Technologies Inc. to become its global card-issuing partner, and JPMorgan said in July it would use the firm’s technology in its commercial card business. Marqeta in June added its first independent directors, a move that’s often viewed as a precursor to a foray into the public markets.

In May, the company said it raised $150 million at a $4.3 billion valuation…

https://www.bloomberg.com/news/articles/2020-11-24/marqeta-is-said-to-target-a-10-billion-valuation-in-2021-ipo