Marqeta’s Valuation Could Hit $8bn When They IPO

Payments fintech Marqeta’s valuation could reach as high as $8bn when the company goes public in early 2021; the company was last valued at $4.3bn when they raised fresh capital a few months ago; Marqeta’s products were a perfect fit for the current crisis as more people moved away from in store shopping and relied on delivery services like Instacart, DoorDash and Postmates; Marqeta’s 2019 revenue exceeded $300 million, doubling the prior year’s level and marking four consecutive years of 100% growth; while many fintech firms have felt the pain of the pandemic, others have been well positioned to take off; Marqeta is hoping to follow the likes of Square and PayPal who have seen their stock prices soar in recent months. Forbes.

Todd is the Chief Product Officer of LendIt Fintech.

He is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists.

He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences.

He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

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