$MQ Marqeta part 1/2
The company operates an open cloud-based API platform that provides card issuing and transaction processing services.
It offers its services to various entities: digital banks, technology giants, and large financial institutions.
The company provides its customers with a card issuing platform that offers the infrastructure and tools needed to provide digital and physical payment options – without any need for a traditional bank!
The company's open APIs are designed to enable third parties like DoorDash, Klarna, and Square to quickly develop and distribute innovative payment products and services without the need to develop the underlying technology.
The company generates revenue primarily through processing and ATM fees for cards issued on its platform.
Its growth from last year (2020) to this year (2021) is almost 90%! (Q2 report attached for your convenience)
Analyst coverage: the large research firm Citron gives the company a target of no less than $50! This represents an upside of about 100%!
Also, Citi Group published a report on 06.07.21 where they gave a target of $36.
Continued in the next post: