Marqeta, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year of 2022
November 09, 2022 at 04:05 pm EST
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Marqeta, Inc. provided earnings guidance for the fourth quarter and full year of 2022. For the quarter, the company expects Net Revenue Growth of 29% to 31%.
The company now expect 2022 net revenue growth to be 44% to 45 -- 44.5%.
Marqeta, Inc. is engaged in providing modern card issuing and payment processing solutions. The Company provides a single, global, cloud-based, open application programming interface (API) platform for modern card issuing and transaction processing. It works with companies in a range of different configurations, such as Managed By Marqeta and Powered By Marqeta. With Managed By Marqeta, the Company provides an issuing bank partner to act as the bank identification number; sponsor for the customerâs card program; manages the customerâs card program on behalf of the issuing bank, and provides a full range of services, including configuring many of the critical resources required by a customerâs production environment. With Powered By Marqeta, it provides payment processing, and assists with certain configuration elements that enable the customer to use the platform independently. It serves customers in multiple industry verticals, including financial services, on-demand services.
MARQETA, INC. 
