Marqeta IPO

I hadn’t noticed this coming to market and I don’t hold but could be one to check out. It’s a fintech play growing in triple digits with $250m run rate and ~$10bn valuation.

https://seekingalpha.com/news/3704207-payment-tech-company-m…

https://seekingalpha.com/news/3704633-marqeta-ceo-open-to-st…

Will take a closer look when I get a chance.
Ant

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Another good article:

https://www.morningstar.com/articles/1041766/marqetas-1-bill…

Customer concentration is an issue. “Square was responsible for 70% of Marqeta’s net revenue in 2020. That percentage rose to 73% for first-quarter 2021.”

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