Marqeta - der nächste Buy Now / Pay Later Fintechstar an der Börse - 500 Beiträge pro Seite
eröffnet am 01.10.21 09:54:46 von
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ISIN: US57142B1044 · WKN: A3CQSL · Symbol: MQ
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Letzter Kurs 18.05.24 Nasdaq
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Werte aus der Branche Finanzdienstleistungen
| Wertpapier | Kurs | Perf. % |
|---|---|---|
| 2,2600 | +50,67 | |
| 1,3400 | +41,05 | |
| 21,60 | +9,26 | |
| 36,10 | +9,06 | |
| 0,7630 | +8,84 |
| Wertpapier | Kurs | Perf. % |
|---|---|---|
| 7,00 | -10,14 | |
| 12,080 | -10,52 | |
| 0,7500 | -14,29 | |
| 1,1000 | -14,73 | |
| 26,00 | -16,13 |
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Ich habe gestern eine erste Position eröffnet bei 22,4 $ und werde auch hier zukaufen.
Was macht Marqeta ? (Geoinvestor)
Marqeta wurde bereits im Jahr 2009 von Jason Gardner gegründet, der auch das Unternehmen führt. Der Hauptsitz des Fintech-Stars liegt im kalifornischen Oakland, insgesamt ist Marqeta bereits in 36 verschiedenen Ländern der Welt tätig.
Marqeta versteht sich als moderne Kreditkarten-Plattform, welche die Infrastruktur (Programmierschnittstellen etc.) zur Verfügung stellt, damit andere Firmen wie Goldman Sachs, DoorDash, Square, Uber usw. ihre eigenen Karten herausgeben können. Dies bedeutet: Marqeta ermöglicht Firmen die Herausgabe von Visa- oder Mastercard-Kreditkarten, ohne dass die Firma direkt eine Partnerschaft mit einer Bank unterhalten muss. Genau darum kümmert sich Marqeta, die eine Partnerschaft mit der Sutton Bank und der MetaBank unterhält.
Durch diese Arbeit im Hintergrund entlastet Marqeta die Firmen bei der Zahlungsabwicklung und ermöglicht Unternehmen, komplexere und flexiblere Finanzprodukte zu entwickeln.
Seit Bestehen hat Marqeta bereits über 320 Mio. Karten herausgegeben und allein in 2020 ein Zahlungsvolumen von 60 Mrd. US-Dollar und rund 1,6 Mrd. Zahlungstransaktionen abgewickelt.
Marqeta in Zahlen
Bereits im Vorjahr konnte Marqeta 150 Mio. US-Dollar von mehreren Investoren (Coatue, Vitruvian Partners, Visa etc.) einsammeln, wodurch der Fintech-Star bereits mit 4,3 Mrd. US-Dollar bewertet wurde.
Für das Gesamtjahr 2020 meldete Marqeta einen Umsatzsprung auf mehr als 290 Mio. US-Dollar, eine Verdoppelung gegenüber dem Vorjahr. Der Nettoverlust summierte sich dabei noch auf 47,7 Mio. Dollar, nach einem Minus von 58,2 Mio. Dollar im Jahr vorher.
Im ersten Quartal 2021 kletterten die Erlöse um 123 % auf 108 Mio. Dollar, während sich der Nettoverlust leicht auf 12,8 Mio. Dollar reduzierte, nach einem Minus von 14,5 Mio. Dollar im Jahr vorher. Allerdings war der Cash-Flow mit 17,87 Mio. Dollar bereits positiv, nachdem das Transaktionsvolumen um 167 % auf 24 Mrd. US-Dollar zulegen konnte.
Was ist das Besondere an Marqeta?
Marqeta betreibt ein offenes Programmierschnittstellen-System (APIs), das einige Vorteile gegenüber anderen Plattformen, insbesondere für Entwickler bietet. Dadurch lassen sich Zahlungsprodukte nicht nur einfacher, sondern auch schneller entwickeln. Marqeta hat hier einen klaren Entwickler-Fokus.
Über diese sog. Application Programming Interfaces (APIs) lassen sich komplexe und speziell auf den Firmenkunden zugeschnittene Finanzprodukte entwickeln. Dies umfasst z.B. Zahlungslösungen wie „Jetzt kaufen, später bezahlen“. Geschäfte können so z.B. virtuelle Kreditkarten einrichten, mit denen Kunden auf der Online-Seite schnell und einfach zahlen können.
Auch Krypto-Börsen wie Coinbase vertrauen inzwischen auf Marqeta und dessen Programmierschnittstellen, wodurch Kunden mit Kryptowährungen im Laden bezahlen können, während beim Händler das Geld in Euro oder US-Dollar gutgeschrieben wird.
Zudem kümmert sich Marqeta auch um die Sicherheit bei der Zahlungsabwicklung. So wird z.B. der Zahlungsvorgang tokenisiert, wodurch Kunden bezahlen können, ohne ihre Kreditkartendaten offenlegen zu müssen.
Fazit: Eine Karte, unendliche Möglichkeiten
Mit dem Börsengang von Marqeta dürfte ein sehr wachstumsstarkes Fintech-Unternehmen den Kurszettel bereichern. Marqeta will mit einer modernen Plattform nicht nur Banken und Fintechs, sondern auch andere große Marken dabei helfen, innovative Kredit-Produkte zu entwickeln. Dies geschieht über ein System, dass den gesamten Zahlungszyklus abdeckt.
So können Firmenkunden nicht nur auf Entwicklerwerkzeuge zugreifen, sondern auch das Zahlungsprogramm verwalten (z.B. Betrugsfälle und Gutschriften managen). Mithilfe von Marqeta sind Firmen in der Lage, Zahlungslösungen in ihr eigenes Angebot zu integrieren und zwar ohne großen Aufwand. Diese Art von Lösungen war zuvor nur etablierten Anbietern vorbehalten, die einen starken Bezug zur Finanzindustrie hatten.
Marqeta finanziert sich durch eine kleine Gebühr, die auf alle Zahlungstransaktionen erhoben wird. Je mehr neue Produkte also über Marqeta-APIs entstehen und je höher das Transaktionsvolumen liegt, desto stärker profitiert auch Marqeta.
https://www.deraktionaer.de/artikel/aktien/deutsche-bank-und…
Was macht Marqeta ? (Geoinvestor)
Marqeta wurde bereits im Jahr 2009 von Jason Gardner gegründet, der auch das Unternehmen führt. Der Hauptsitz des Fintech-Stars liegt im kalifornischen Oakland, insgesamt ist Marqeta bereits in 36 verschiedenen Ländern der Welt tätig.
Marqeta versteht sich als moderne Kreditkarten-Plattform, welche die Infrastruktur (Programmierschnittstellen etc.) zur Verfügung stellt, damit andere Firmen wie Goldman Sachs, DoorDash, Square, Uber usw. ihre eigenen Karten herausgeben können. Dies bedeutet: Marqeta ermöglicht Firmen die Herausgabe von Visa- oder Mastercard-Kreditkarten, ohne dass die Firma direkt eine Partnerschaft mit einer Bank unterhalten muss. Genau darum kümmert sich Marqeta, die eine Partnerschaft mit der Sutton Bank und der MetaBank unterhält.
Durch diese Arbeit im Hintergrund entlastet Marqeta die Firmen bei der Zahlungsabwicklung und ermöglicht Unternehmen, komplexere und flexiblere Finanzprodukte zu entwickeln.
Seit Bestehen hat Marqeta bereits über 320 Mio. Karten herausgegeben und allein in 2020 ein Zahlungsvolumen von 60 Mrd. US-Dollar und rund 1,6 Mrd. Zahlungstransaktionen abgewickelt.
Marqeta in Zahlen
Bereits im Vorjahr konnte Marqeta 150 Mio. US-Dollar von mehreren Investoren (Coatue, Vitruvian Partners, Visa etc.) einsammeln, wodurch der Fintech-Star bereits mit 4,3 Mrd. US-Dollar bewertet wurde.
Für das Gesamtjahr 2020 meldete Marqeta einen Umsatzsprung auf mehr als 290 Mio. US-Dollar, eine Verdoppelung gegenüber dem Vorjahr. Der Nettoverlust summierte sich dabei noch auf 47,7 Mio. Dollar, nach einem Minus von 58,2 Mio. Dollar im Jahr vorher.
Im ersten Quartal 2021 kletterten die Erlöse um 123 % auf 108 Mio. Dollar, während sich der Nettoverlust leicht auf 12,8 Mio. Dollar reduzierte, nach einem Minus von 14,5 Mio. Dollar im Jahr vorher. Allerdings war der Cash-Flow mit 17,87 Mio. Dollar bereits positiv, nachdem das Transaktionsvolumen um 167 % auf 24 Mrd. US-Dollar zulegen konnte.
Was ist das Besondere an Marqeta?
Marqeta betreibt ein offenes Programmierschnittstellen-System (APIs), das einige Vorteile gegenüber anderen Plattformen, insbesondere für Entwickler bietet. Dadurch lassen sich Zahlungsprodukte nicht nur einfacher, sondern auch schneller entwickeln. Marqeta hat hier einen klaren Entwickler-Fokus.
Über diese sog. Application Programming Interfaces (APIs) lassen sich komplexe und speziell auf den Firmenkunden zugeschnittene Finanzprodukte entwickeln. Dies umfasst z.B. Zahlungslösungen wie „Jetzt kaufen, später bezahlen“. Geschäfte können so z.B. virtuelle Kreditkarten einrichten, mit denen Kunden auf der Online-Seite schnell und einfach zahlen können.
Auch Krypto-Börsen wie Coinbase vertrauen inzwischen auf Marqeta und dessen Programmierschnittstellen, wodurch Kunden mit Kryptowährungen im Laden bezahlen können, während beim Händler das Geld in Euro oder US-Dollar gutgeschrieben wird.
Zudem kümmert sich Marqeta auch um die Sicherheit bei der Zahlungsabwicklung. So wird z.B. der Zahlungsvorgang tokenisiert, wodurch Kunden bezahlen können, ohne ihre Kreditkartendaten offenlegen zu müssen.
Fazit: Eine Karte, unendliche Möglichkeiten
Mit dem Börsengang von Marqeta dürfte ein sehr wachstumsstarkes Fintech-Unternehmen den Kurszettel bereichern. Marqeta will mit einer modernen Plattform nicht nur Banken und Fintechs, sondern auch andere große Marken dabei helfen, innovative Kredit-Produkte zu entwickeln. Dies geschieht über ein System, dass den gesamten Zahlungszyklus abdeckt.
So können Firmenkunden nicht nur auf Entwicklerwerkzeuge zugreifen, sondern auch das Zahlungsprogramm verwalten (z.B. Betrugsfälle und Gutschriften managen). Mithilfe von Marqeta sind Firmen in der Lage, Zahlungslösungen in ihr eigenes Angebot zu integrieren und zwar ohne großen Aufwand. Diese Art von Lösungen war zuvor nur etablierten Anbietern vorbehalten, die einen starken Bezug zur Finanzindustrie hatten.
Marqeta finanziert sich durch eine kleine Gebühr, die auf alle Zahlungstransaktionen erhoben wird. Je mehr neue Produkte also über Marqeta-APIs entstehen und je höher das Transaktionsvolumen liegt, desto stärker profitiert auch Marqeta.
https://www.deraktionaer.de/artikel/aktien/deutsche-bank-und…
Gestern weiter zugekauft...300 stk
Key Points aus MF von vor 3 Tagen
Marqeta has forged partnerships with many big-name companies to create payment card solutions.
Its total processed volume is up 110% for the first six months of this year.
The company has plenty of room to grow, as it has captured a fraction of its total addressable market.
Motley Fool Issues Rare “All In” Buy Alert
It's been a hot IPO market for many fintechs like Coinbase, Affirm, and Robinhood -- all of which have gone public this year. However, one fintech that is flying under everyone's radar is Marqeta (NASDAQ:MQ), a company that specializes in creating customized spending cards for many of the largest companies today.
What do companies like Affirm, DoorDash, and Square, as well as more established players like Google, Goldman Sachs, and JPMorgan Chase, all have in common? They can't resist Marqeta's special ability to issue payment cards. Marqeta has done a splendid job of bringing in new clients on long-term contracts while also incentivizing those clients to use its cards in return for volume-based discounts. This aggressive growth strategy is working, and in the first six months of this year, Marqeta's total processing volume is up 110%. So why doesn't the stock get more love?
Marqeta's specialty: Customizable spending cards
Marqeta is kind of like the plumbing for the card issuing industry. The fintech creates customizable spending cards for companies of all sizes -- while significantly cutting down the time it takes to bring these cards to market. In one instance, Square turned to Marqeta when it wanted to create a virtual debit card to pair with its fast-growing money-transfer app. While a traditional card issuer would've spent months building such a product, Marqeta turned around the product in just six weeks.
Marqeta is also sought out by larger financial institutions that look to stay competitive with those newer fintech entrants, and it sees itself as the "de facto modern card issuing platform." Interestingly, its cards can cut down on fraudulent activity. For example, one feature it has in its cards is dynamic spend controls. This gives companies the ability to put rules in place on its cards that can reduce fraudulent charges, like allowing payments at specific vendors, locations, or for a specific amount.
Marqeta competes with legacy technology platforms like Global Payments, Fiserv, and Fidelity National Information Services, and believes its edge is its speed to market and the flexibility of its payments solutions. It also competes with emerging companies like Stripe and Adyen. Marqeta argues that its advantage over these companies is its years of card issuing experience as well as its laser-focus on card issuing and processing services while those other companies focus time and energy on other types of services.
A $30 trillion opportunity
Marqeta makes its money on a per-transaction basis, a model similar to that of Visa and Mastercard. It also utilizes a usage-based model, giving clients volume-based discounts to encourage them to use the cards early and often while signing clients to long-term contracts to maintain this alignment. For example, in July the card issuer extended its agreement with buy now, pay later company Affirm through January 2024. It also has agreements with Visa and Mastercard that extend through 2022 and 2028, respectively. These long-term contracts and usage-based fees should help provide stability to revenue and drive larger transaction volume in the coming years.
During its second-quarter earnings call, CEO Jason Gardner said that the global money movement market is $74 trillion, of which $30 trillion is related to card issuing. He noted that Marqeta processed $60 billion in volume in 2020, a fraction of its total addressable market.
Growth this year has been solid. In the second quarter, Marqeta's first reporting period as a publicly traded company, net revenue increased 95% to $230 million and gross profit was up 110% to $97 million. The company reported total processed volume -- the total dollar amount of payments processed through its platform, net of returns and chargeback -- of $26.5 billion, up 76% from last year. And for the first six months, its total processed volume is $50.5 billion, up 110% from last year.
However, the company saw a net loss of $81 million -- larger than its $22 million loss last year. This net loss was due in large part to stock-based compensation, which was $56 million in the quarter. CFO Tripp Faix said "we are just scratching the surface of a large addressable market" and "the best way to capitalize on that opportunity is to invest in our product, our technology, and our people."
Expect more quarterly losses as it expands its reach
In the third quarter, Marqeta expects to see revenue of $114 million to $119 million. Meanwhile, analysts' most recent estimates have the company bringing in $120 million on average, with an average loss per share of $0.13.
As digital payments continue to grow in popularity, more companies look to partner with Marqeta to provide their customers with card payment solutions. Marqeta will likely remain unprofitable in the coming quarters as it invests in its technology and employees. However, seeing how many major companies have partnered with it along with the rapid growth of its total processed volume, Marqeta is well positioned for explosive growth, and is deserving of more attention than it currently gets.
Key Points aus MF von vor 3 Tagen
Marqeta has forged partnerships with many big-name companies to create payment card solutions.
Its total processed volume is up 110% for the first six months of this year.
The company has plenty of room to grow, as it has captured a fraction of its total addressable market.
Motley Fool Issues Rare “All In” Buy Alert
It's been a hot IPO market for many fintechs like Coinbase, Affirm, and Robinhood -- all of which have gone public this year. However, one fintech that is flying under everyone's radar is Marqeta (NASDAQ:MQ), a company that specializes in creating customized spending cards for many of the largest companies today.
What do companies like Affirm, DoorDash, and Square, as well as more established players like Google, Goldman Sachs, and JPMorgan Chase, all have in common? They can't resist Marqeta's special ability to issue payment cards. Marqeta has done a splendid job of bringing in new clients on long-term contracts while also incentivizing those clients to use its cards in return for volume-based discounts. This aggressive growth strategy is working, and in the first six months of this year, Marqeta's total processing volume is up 110%. So why doesn't the stock get more love?
Marqeta's specialty: Customizable spending cards
Marqeta is kind of like the plumbing for the card issuing industry. The fintech creates customizable spending cards for companies of all sizes -- while significantly cutting down the time it takes to bring these cards to market. In one instance, Square turned to Marqeta when it wanted to create a virtual debit card to pair with its fast-growing money-transfer app. While a traditional card issuer would've spent months building such a product, Marqeta turned around the product in just six weeks.
Marqeta is also sought out by larger financial institutions that look to stay competitive with those newer fintech entrants, and it sees itself as the "de facto modern card issuing platform." Interestingly, its cards can cut down on fraudulent activity. For example, one feature it has in its cards is dynamic spend controls. This gives companies the ability to put rules in place on its cards that can reduce fraudulent charges, like allowing payments at specific vendors, locations, or for a specific amount.
Marqeta competes with legacy technology platforms like Global Payments, Fiserv, and Fidelity National Information Services, and believes its edge is its speed to market and the flexibility of its payments solutions. It also competes with emerging companies like Stripe and Adyen. Marqeta argues that its advantage over these companies is its years of card issuing experience as well as its laser-focus on card issuing and processing services while those other companies focus time and energy on other types of services.
A $30 trillion opportunity
Marqeta makes its money on a per-transaction basis, a model similar to that of Visa and Mastercard. It also utilizes a usage-based model, giving clients volume-based discounts to encourage them to use the cards early and often while signing clients to long-term contracts to maintain this alignment. For example, in July the card issuer extended its agreement with buy now, pay later company Affirm through January 2024. It also has agreements with Visa and Mastercard that extend through 2022 and 2028, respectively. These long-term contracts and usage-based fees should help provide stability to revenue and drive larger transaction volume in the coming years.
During its second-quarter earnings call, CEO Jason Gardner said that the global money movement market is $74 trillion, of which $30 trillion is related to card issuing. He noted that Marqeta processed $60 billion in volume in 2020, a fraction of its total addressable market.
Growth this year has been solid. In the second quarter, Marqeta's first reporting period as a publicly traded company, net revenue increased 95% to $230 million and gross profit was up 110% to $97 million. The company reported total processed volume -- the total dollar amount of payments processed through its platform, net of returns and chargeback -- of $26.5 billion, up 76% from last year. And for the first six months, its total processed volume is $50.5 billion, up 110% from last year.
However, the company saw a net loss of $81 million -- larger than its $22 million loss last year. This net loss was due in large part to stock-based compensation, which was $56 million in the quarter. CFO Tripp Faix said "we are just scratching the surface of a large addressable market" and "the best way to capitalize on that opportunity is to invest in our product, our technology, and our people."
Expect more quarterly losses as it expands its reach
In the third quarter, Marqeta expects to see revenue of $114 million to $119 million. Meanwhile, analysts' most recent estimates have the company bringing in $120 million on average, with an average loss per share of $0.13.
As digital payments continue to grow in popularity, more companies look to partner with Marqeta to provide their customers with card payment solutions. Marqeta will likely remain unprofitable in the coming quarters as it invests in its technology and employees. However, seeing how many major companies have partnered with it along with the rapid growth of its total processed volume, Marqeta is well positioned for explosive growth, and is deserving of more attention than it currently gets.
Seeking Alpha:
Investment thesis
Card issuance is ripe for disruption with slow legacy processes and inflexible technology often built on mainframes. Modern platforms like Marqeta (MQ) will gain share versus legacy as software and payment convergence speeds up with software/tech firms seeking seamless payments as a core part of their user experience. The transition to digital payments is a major tailwind for Marqeta counting on digital card issuance and tokenization among its strengths.
These strengths position Marqeta as a platform of choice for BNPL firms like Affirm (AFRM) and cryptocurrency card issuers like Coinbase (COIN), giving investors a vehicle to play these growing Fintech trends. However, investors must be cautious of the fact that there is significant customer concentration with Square (SQ) (over 70% of revenues) and that valuations are sky-high.
We like the stock for its unique technology, significant partnerships, room for growth, and will look for opportunities to pick the stock up at more reasonable valuations. In this analysis, we present seven reasons investors should consider Marqeta for their growth portfolios and risks they should give careful consideration to in their decision.
7 reasons investors should consider Marqeta to play the 7T digital payments market
1) Ride the accelerating shift to digital payments
Covid-19 has accelerated the shift to digital payments compressing 5 years of change into a few years. Euromonitor International, a market research firm, projects electronic payments will represent 46% of the total global transaction volume by 2025, up from 31% in 2017. Marqeta’s S1 filing captures the huge potential in this space. According to the filing, global money movement will exceed $74 trillion in 2021, representing approximately 4 trillion individual payment transactions. In 2020, the Marqeta Platform processed $60.1 billion in volume, less than 1% of the annual $6.7 trillion transaction volume conducted through U.S. issuers in 2020. Current penetration stands at 1% of its total addressable market, presenting a significant growth runway.
Source: Marqeta State of Credit Report
2) Disrupts card issuance, processing with a modern and flexible platform
Creating cards until recently was slow, complex, and subject to mistakes. Large institutions use legacy systems built on mainframes to issue cards. Marqeta offers a modern alternative by providing the infrastructure for issuing cards while working within the framework of the current banking system, enabling its customers to create advanced and complex workflows with its APIs. Customers can digitally issue new cards in seconds. The CaaS platform allows customers to integrate payment solutions using existing card network infrastructure without requiring payment expertise or technology. Being fully integrated into the payments infrastructure, Marqeta can offer real-time information flow. Therefore, clients can make transaction approval decisions right at the point of sale. Other features of the Marqeta platform include virtual/physical card issuance, tokenized card issuance for Apple Pay & Android Pay, real-time approvals (JIT Funding), and fraud avoidance. These features set Marqeta up to be in a unique position to capture the growth as disruptive companies like Square, DoorDash (DASH), Affirm are positioning payments as an integral part of their customer experience.
3) Partnerships with high growth disruptors drive revenue
The flexibility of Marqeta’s platform creates new use cases, allowing the company to capture the market without competing directly for price against existing players. The customer base comprises exploding disruptive firms in some of the fastest-growing areas of Fintech, including on-demand delivery, BNPL, and digital banking with high-profile customers like Square, DoorDash, and Affirm. Marqeta has announced deals to create debit cards for Google Pay and Goldman Sachs’ (GS) Marcus, which are major wins. Announcing the deal Tarun Bhatnagar, VP of Payments Americas, Google Pay, stated:
“We are always looking for ways to make Google Pay more helpful to our users. By working with Marqeta, we can give our users another way to spend the funds in their Google Pay balance, making it even easier to pay for everyday items.”
Flexible technology built on APIs is also the reason Marcus partnered with Marqeta for its digital checking product. Back in 2017, Visa announced a multi-year, global partnership with Marqeta to support Marqeta’s domestic and international growth objectives. These partnerships allow Marqeta to grow alongside their customers, generating more revenue from processing fees.
4) Growing popularity of Buy Now, Pay Later offers upside
In Q2 Buy Now, Pay Later revenue increased 350% from the comparable quarter of 2020. Marqeta can provide Just in Time funding and virtual cards, both of which are crucial for BNPL solutions. Leaders in BNPL like Afterpay (merged with Square) Klarna (KLAR), Affirm, and Sezzle are all customers of Marqeta, taking advantage of the integration at the point of sale. When the consumer fills out information, seeking credit, Marqeta generates a virtual card behind the scenes and then authorizes the transaction to the payment flow. Socks of BNPL firms are on a tear recently. Marqeta is an obvious option to ride this wave.
5) Foothold in the growing crypto space
Marqeta plays in the new and growing trend of cryptocurrency cards. Many consumers are uncomfortable with the complexity of purchasing crypto. Crypto cards bring together the ease of using a payment card and the ability to purchase, use cryptocurrency. As digital assets gain traction and popular adoption, consumers will increasingly look for the ability to use cryptocurrency with cards. The Coinbase Card, powered by Marqeta, allows payments using any of the cryptocurrencies on their platform, including Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. Today at least six percent of Americans have used crypto, and the number is burgeoning. As digital assets play a larger role in more and more portfolios, there will be more demand for payment solutions to transact with them. Marqeta is well-positioned to provide solutions for these businesses.
6) Processing volumes are rising, leading to the potential for high incremental margins
Most of Marqeta’s revenue (80%) comes from "interchange fees", which refers to the fees merchant banks pay whenever a customer uses a debit or credit card to make a purchase. Marqeta gets 100% of interchange fees when processing customer card transactions, the prospectus said. In Q2 Marqeta reported net revenue of $122 million, with a total processing volume (TPV) of $26.5 billion, both showing increases of 76% from the same quarter of 2020. Marqeta shares some of the interchange fees with its customers, paying banks and networks for the use of their infrastructure and services. The company also earns income through other services, including monthly platform access fees and ATM-type transactions which will also increase as TPV grows. It is important to know that most of Marqetas’ cost is fixed. TPV increases result in growing revenue and potential for high incremental margins on revenue from interchange fees and other service fees.
7) Strong and experienced management team
Marqeta continues to add to executive strength and announced two new leaders to the executive team, Darren Mowry as Chief Revenue Officer and Randy Kern, as the new Chief Technology Officer. Both Darren and Randy have rich experience in large enterprise businesses. Darren joined Marqeta from leading AWS throughout EMEA. Randy has three decades in engineering, at silicon valley giants Microsoft and Salesforce, building the technical infrastructure to support huge high-availability businesses. These additions complement a strong management team, increasing expertise to guide this booming business.
Risks
Customer concentration
Over 80% of Marqeta’s revenue comes from its two largest customers, with Square alone accounting for 70% of its net revenue in 2020. This concentration will probably get worse with Square’s acquisition of Afterpay, which is a customer of Marqeta. This creates risk for Marqeta as either a loss of this relationship or a change in the contract terms can have serious repercussions for Marqeta’s business. Marqeta’s current agreement with Square lasts until 2024, giving Marqeta some breathing room but that is not very comforting as the contracts do not contain long-term commitments and can also be ended prior to the end date. Further, there are also contracts with no minimum volume commitments, presenting a critical customer concentration risk.
Competition
The payment space is extremely crowded. Marqeta had an edge initially over existing players, such as Fiserv (FISV), which were considered as slower and inferior offerings. Over time, more nimble players like Stripe and Ayden are making inroads. Marqeta’s platform is a stronger offering for now. However, if these players were to invest in issuing, it could pose a serious threat to Marqeta, forcing it to compete more heavily on “price” to keep customers. This industry is now seeing a contest between traditional players relying on their current scale and newer players like Marqeta trying to win with services. It will be interesting to see who wins.
Valuation
The stock is richly valued at 35X sales, with some commentators pointing out that the current valuation is implying a scale and performance similar to PayPal. Such stratospheric valuations leave no margin for error, punishing the stock on any minor performance slips. Investors should note that Truist started coverage with a target of $37, while Morningstar’s target is a low $16.80, showing the divergent views of Wall Street on the stock.
Conclusion
Marqeta is a clear-cut way for investors to bet on the evolution of payments, growth of disruptors like Square and BNPL. Technology is a clear differentiator that has won clients from Klarna to Coinbase. While we like the major tailwinds supporting the stock, valuation and customer concentration risks are a concern. On balance, we are cautiously optimistic about the stock starting a small position, ready to layer in on strong operational metrics and signs that customer concentration risks can be mitigated.
Investment thesis
Card issuance is ripe for disruption with slow legacy processes and inflexible technology often built on mainframes. Modern platforms like Marqeta (MQ) will gain share versus legacy as software and payment convergence speeds up with software/tech firms seeking seamless payments as a core part of their user experience. The transition to digital payments is a major tailwind for Marqeta counting on digital card issuance and tokenization among its strengths.
These strengths position Marqeta as a platform of choice for BNPL firms like Affirm (AFRM) and cryptocurrency card issuers like Coinbase (COIN), giving investors a vehicle to play these growing Fintech trends. However, investors must be cautious of the fact that there is significant customer concentration with Square (SQ) (over 70% of revenues) and that valuations are sky-high.
We like the stock for its unique technology, significant partnerships, room for growth, and will look for opportunities to pick the stock up at more reasonable valuations. In this analysis, we present seven reasons investors should consider Marqeta for their growth portfolios and risks they should give careful consideration to in their decision.
7 reasons investors should consider Marqeta to play the 7T digital payments market
1) Ride the accelerating shift to digital payments
Covid-19 has accelerated the shift to digital payments compressing 5 years of change into a few years. Euromonitor International, a market research firm, projects electronic payments will represent 46% of the total global transaction volume by 2025, up from 31% in 2017. Marqeta’s S1 filing captures the huge potential in this space. According to the filing, global money movement will exceed $74 trillion in 2021, representing approximately 4 trillion individual payment transactions. In 2020, the Marqeta Platform processed $60.1 billion in volume, less than 1% of the annual $6.7 trillion transaction volume conducted through U.S. issuers in 2020. Current penetration stands at 1% of its total addressable market, presenting a significant growth runway.
Source: Marqeta State of Credit Report
2) Disrupts card issuance, processing with a modern and flexible platform
Creating cards until recently was slow, complex, and subject to mistakes. Large institutions use legacy systems built on mainframes to issue cards. Marqeta offers a modern alternative by providing the infrastructure for issuing cards while working within the framework of the current banking system, enabling its customers to create advanced and complex workflows with its APIs. Customers can digitally issue new cards in seconds. The CaaS platform allows customers to integrate payment solutions using existing card network infrastructure without requiring payment expertise or technology. Being fully integrated into the payments infrastructure, Marqeta can offer real-time information flow. Therefore, clients can make transaction approval decisions right at the point of sale. Other features of the Marqeta platform include virtual/physical card issuance, tokenized card issuance for Apple Pay & Android Pay, real-time approvals (JIT Funding), and fraud avoidance. These features set Marqeta up to be in a unique position to capture the growth as disruptive companies like Square, DoorDash (DASH), Affirm are positioning payments as an integral part of their customer experience.
3) Partnerships with high growth disruptors drive revenue
The flexibility of Marqeta’s platform creates new use cases, allowing the company to capture the market without competing directly for price against existing players. The customer base comprises exploding disruptive firms in some of the fastest-growing areas of Fintech, including on-demand delivery, BNPL, and digital banking with high-profile customers like Square, DoorDash, and Affirm. Marqeta has announced deals to create debit cards for Google Pay and Goldman Sachs’ (GS) Marcus, which are major wins. Announcing the deal Tarun Bhatnagar, VP of Payments Americas, Google Pay, stated:
“We are always looking for ways to make Google Pay more helpful to our users. By working with Marqeta, we can give our users another way to spend the funds in their Google Pay balance, making it even easier to pay for everyday items.”
Flexible technology built on APIs is also the reason Marcus partnered with Marqeta for its digital checking product. Back in 2017, Visa announced a multi-year, global partnership with Marqeta to support Marqeta’s domestic and international growth objectives. These partnerships allow Marqeta to grow alongside their customers, generating more revenue from processing fees.
4) Growing popularity of Buy Now, Pay Later offers upside
In Q2 Buy Now, Pay Later revenue increased 350% from the comparable quarter of 2020. Marqeta can provide Just in Time funding and virtual cards, both of which are crucial for BNPL solutions. Leaders in BNPL like Afterpay (merged with Square) Klarna (KLAR), Affirm, and Sezzle are all customers of Marqeta, taking advantage of the integration at the point of sale. When the consumer fills out information, seeking credit, Marqeta generates a virtual card behind the scenes and then authorizes the transaction to the payment flow. Socks of BNPL firms are on a tear recently. Marqeta is an obvious option to ride this wave.
5) Foothold in the growing crypto space
Marqeta plays in the new and growing trend of cryptocurrency cards. Many consumers are uncomfortable with the complexity of purchasing crypto. Crypto cards bring together the ease of using a payment card and the ability to purchase, use cryptocurrency. As digital assets gain traction and popular adoption, consumers will increasingly look for the ability to use cryptocurrency with cards. The Coinbase Card, powered by Marqeta, allows payments using any of the cryptocurrencies on their platform, including Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. Today at least six percent of Americans have used crypto, and the number is burgeoning. As digital assets play a larger role in more and more portfolios, there will be more demand for payment solutions to transact with them. Marqeta is well-positioned to provide solutions for these businesses.
6) Processing volumes are rising, leading to the potential for high incremental margins
Most of Marqeta’s revenue (80%) comes from "interchange fees", which refers to the fees merchant banks pay whenever a customer uses a debit or credit card to make a purchase. Marqeta gets 100% of interchange fees when processing customer card transactions, the prospectus said. In Q2 Marqeta reported net revenue of $122 million, with a total processing volume (TPV) of $26.5 billion, both showing increases of 76% from the same quarter of 2020. Marqeta shares some of the interchange fees with its customers, paying banks and networks for the use of their infrastructure and services. The company also earns income through other services, including monthly platform access fees and ATM-type transactions which will also increase as TPV grows. It is important to know that most of Marqetas’ cost is fixed. TPV increases result in growing revenue and potential for high incremental margins on revenue from interchange fees and other service fees.
7) Strong and experienced management team
Marqeta continues to add to executive strength and announced two new leaders to the executive team, Darren Mowry as Chief Revenue Officer and Randy Kern, as the new Chief Technology Officer. Both Darren and Randy have rich experience in large enterprise businesses. Darren joined Marqeta from leading AWS throughout EMEA. Randy has three decades in engineering, at silicon valley giants Microsoft and Salesforce, building the technical infrastructure to support huge high-availability businesses. These additions complement a strong management team, increasing expertise to guide this booming business.
Risks
Customer concentration
Over 80% of Marqeta’s revenue comes from its two largest customers, with Square alone accounting for 70% of its net revenue in 2020. This concentration will probably get worse with Square’s acquisition of Afterpay, which is a customer of Marqeta. This creates risk for Marqeta as either a loss of this relationship or a change in the contract terms can have serious repercussions for Marqeta’s business. Marqeta’s current agreement with Square lasts until 2024, giving Marqeta some breathing room but that is not very comforting as the contracts do not contain long-term commitments and can also be ended prior to the end date. Further, there are also contracts with no minimum volume commitments, presenting a critical customer concentration risk.
Competition
The payment space is extremely crowded. Marqeta had an edge initially over existing players, such as Fiserv (FISV), which were considered as slower and inferior offerings. Over time, more nimble players like Stripe and Ayden are making inroads. Marqeta’s platform is a stronger offering for now. However, if these players were to invest in issuing, it could pose a serious threat to Marqeta, forcing it to compete more heavily on “price” to keep customers. This industry is now seeing a contest between traditional players relying on their current scale and newer players like Marqeta trying to win with services. It will be interesting to see who wins.
Valuation
The stock is richly valued at 35X sales, with some commentators pointing out that the current valuation is implying a scale and performance similar to PayPal. Such stratospheric valuations leave no margin for error, punishing the stock on any minor performance slips. Investors should note that Truist started coverage with a target of $37, while Morningstar’s target is a low $16.80, showing the divergent views of Wall Street on the stock.
Conclusion
Marqeta is a clear-cut way for investors to bet on the evolution of payments, growth of disruptors like Square and BNPL. Technology is a clear differentiator that has won clients from Klarna to Coinbase. While we like the major tailwinds supporting the stock, valuation and customer concentration risks are a concern. On balance, we are cautiously optimistic about the stock starting a small position, ready to layer in on strong operational metrics and signs that customer concentration risks can be mitigated.
10:47 10/18/21
Marqeta rallies after Citron Research puts $50 target on shares Andrew Left's Citron Research said via Twitter: "$MQ - Best long setup since $DOCN with a best in class product loved by developers while misunderstood by Wall St... wait to you read what most noted Fintech experts say about $MQ. $50 tgt..
Read more at:
https://thefly.com/n.php?id=3388821
Marqeta rallies after Citron Research puts $50 target on shares Andrew Left's Citron Research said via Twitter: "$MQ - Best long setup since $DOCN with a best in class product loved by developers while misunderstood by Wall St... wait to you read what most noted Fintech experts say about $MQ. $50 tgt..
Read more at:
https://thefly.com/n.php?id=3388821
This is 👊👊👊...next Affirm in the making
October 19, 2021Newsand Tags: Marqeta Inc., Marqeta Inc. News, MQ, MQ Newswith 0 comments
Marqeta (NASDAQ: MQ), the global modern card issuing platform, announced today that it is powering cryptocurrency spending and rewards products for Coinbase, Fold, Shakepay and Bakkt, with the company seeing rising interest in new card products in this rapidly evolving category.
Use of cryptocurrencies has grown considerably in the United States, with data from the Gemini Exchange estimating that 14% of the US currently owns some form of crypto. As a category leader in modern card issuing, Marqeta has opened up new applications of its platform, to allow cryptocurrency to be spent at the point of sale, or allow consumers to earn rewards in cryptocurrency from debit and credit card spending. According to research from Cornerstone Advisors, 68% of cryptocurrency owners are very interested in Bitcoin based debit or credit-card based rewards.
“Coinbase set out to allow our customers to seamlessly spend cryptocurrency anywhere, and Marqeta enabled us to turn our vision of a crypto-backed debit card into reality,” said Muneeb Imtiaz, Product Manager leading Card at Coinbase. “Marqeta’s flexible APIs and Gateway JIT Funding feature facilitates the creation of customizable debit cards and oversees transaction approvals, allowing our customers fast access to their currencies. The Marqeta team brought a vast amount of payments experience to the table and worked hand in hand with us every step of the way.”
“Fold was looking to bring a unique feature set to market: a card that could deliver gamified bitcoin rewards while incentivizing responsible spending and saving habits. We are proud to have a payments partner like Marqeta to help us navigate this,” said Will Reeves, CEO of Fold. “Marqeta’s open APIs are extremely flexible and its technology is best-in-class, helping us bridge the worlds of digital assets and traditional banking - all the while building out a truly modern consumer experience.”
Marqeta’s cutting edge Just-in-Time Funding innovation allows cryptocurrency wallets to build out card products, making authorization decisions at the point of sale based on a user’s available cryptocurrency balance. Marqeta’s open APIs allow its customers to build customizable experiences, easily integrating with other apps and offering visibility and transparency through real-time notifications and monitoring powered by webhooks. Marqeta innovations like instant issuance allow cards to be immediately deployed into digital wallets, and its ATM network integrations and direct deposit and ACH capabilities allows crypto innovators to build out a well-rounded digital banking experience. Through its ecosystem of partners, such as Deserve, Marqeta will also be able to introduce unique features for its customers issuing credit cards, such as credit limits that can be adjusted according to a consumer’s cryptocurrency balance.
These unique features of Marqeta’s modern card issuing platform have been leveraged by several customers in recent months to launch innovative new products allowing customers to either earn, or spend cryptocurrency at the point of sale:
Bakkt launched its Visa Debit Card, which allows customers to spend Bitcoin and cash balances from their Bakkt accounts, anywhere Apple Pay or Google Pay are accepted.
Coinbase launched its Visa Debit Card, which allows users to spend their cryptocurrency balances anywhere Visa debit cards are accepted and earn additional crypto rewards on eligible purchases.
Fold launched its Bitcoin cashback debit card, which offers Bitcoin rewards through a gamified experience that emphasizes healthy financial habits.
Montreal-based Shakepay announced its new Visa Card, which is currently available for beta access as a virtual card and allows customers to spend Canadian dollars at physical and virtual merchants and earn Bitcoin rewards on every purchase.
“To see such an impressive list of innovators turn to Marqeta to build out new crypto cards and reward programs shows the flexibility of our modern card issuing platform and our unique modern architecture, which can support entirely new card constructs and power their launch at scale,” said Randy Kern, Chief Technology Officer at Marqeta. “This is one of the bleeding edges of innovation in fintech and these new cards are providing even more points of access to and utility for cryptocurrencies. We’re excited to see that our platform can help these companies build out full service digital banking capabilities alongside the card itself.”
Link to Marqeta’s crypto cards solution page: https://www.marqeta.com/payment-solutions/crypto-cards/
About Marqeta
Marqeta’s modern card issuing platform empowers its customers to create customized and innovative payment cards. Marqeta’s platform, powered by open APIs, gives its customers the ability to build more configurable and flexible payment experiences, accelerating product development and democratizing access to card issuing technology. Its modern architecture provides instant access to highly scalable, cloud-based payment infrastructure that enables customers to launch and manage their own card programs, issue cards and authorize and settle transactions. Marqeta is headquartered in Oakland, California and is enabled in 36 countries globally. For more information, visit www.marqeta.com, and .
October 19, 2021Newsand Tags: Marqeta Inc., Marqeta Inc. News, MQ, MQ Newswith 0 comments
Marqeta (NASDAQ: MQ), the global modern card issuing platform, announced today that it is powering cryptocurrency spending and rewards products for Coinbase, Fold, Shakepay and Bakkt, with the company seeing rising interest in new card products in this rapidly evolving category.
Use of cryptocurrencies has grown considerably in the United States, with data from the Gemini Exchange estimating that 14% of the US currently owns some form of crypto. As a category leader in modern card issuing, Marqeta has opened up new applications of its platform, to allow cryptocurrency to be spent at the point of sale, or allow consumers to earn rewards in cryptocurrency from debit and credit card spending. According to research from Cornerstone Advisors, 68% of cryptocurrency owners are very interested in Bitcoin based debit or credit-card based rewards.
“Coinbase set out to allow our customers to seamlessly spend cryptocurrency anywhere, and Marqeta enabled us to turn our vision of a crypto-backed debit card into reality,” said Muneeb Imtiaz, Product Manager leading Card at Coinbase. “Marqeta’s flexible APIs and Gateway JIT Funding feature facilitates the creation of customizable debit cards and oversees transaction approvals, allowing our customers fast access to their currencies. The Marqeta team brought a vast amount of payments experience to the table and worked hand in hand with us every step of the way.”
“Fold was looking to bring a unique feature set to market: a card that could deliver gamified bitcoin rewards while incentivizing responsible spending and saving habits. We are proud to have a payments partner like Marqeta to help us navigate this,” said Will Reeves, CEO of Fold. “Marqeta’s open APIs are extremely flexible and its technology is best-in-class, helping us bridge the worlds of digital assets and traditional banking - all the while building out a truly modern consumer experience.”
Marqeta’s cutting edge Just-in-Time Funding innovation allows cryptocurrency wallets to build out card products, making authorization decisions at the point of sale based on a user’s available cryptocurrency balance. Marqeta’s open APIs allow its customers to build customizable experiences, easily integrating with other apps and offering visibility and transparency through real-time notifications and monitoring powered by webhooks. Marqeta innovations like instant issuance allow cards to be immediately deployed into digital wallets, and its ATM network integrations and direct deposit and ACH capabilities allows crypto innovators to build out a well-rounded digital banking experience. Through its ecosystem of partners, such as Deserve, Marqeta will also be able to introduce unique features for its customers issuing credit cards, such as credit limits that can be adjusted according to a consumer’s cryptocurrency balance.
These unique features of Marqeta’s modern card issuing platform have been leveraged by several customers in recent months to launch innovative new products allowing customers to either earn, or spend cryptocurrency at the point of sale:
Bakkt launched its Visa Debit Card, which allows customers to spend Bitcoin and cash balances from their Bakkt accounts, anywhere Apple Pay or Google Pay are accepted.
Coinbase launched its Visa Debit Card, which allows users to spend their cryptocurrency balances anywhere Visa debit cards are accepted and earn additional crypto rewards on eligible purchases.
Fold launched its Bitcoin cashback debit card, which offers Bitcoin rewards through a gamified experience that emphasizes healthy financial habits.
Montreal-based Shakepay announced its new Visa Card, which is currently available for beta access as a virtual card and allows customers to spend Canadian dollars at physical and virtual merchants and earn Bitcoin rewards on every purchase.
“To see such an impressive list of innovators turn to Marqeta to build out new crypto cards and reward programs shows the flexibility of our modern card issuing platform and our unique modern architecture, which can support entirely new card constructs and power their launch at scale,” said Randy Kern, Chief Technology Officer at Marqeta. “This is one of the bleeding edges of innovation in fintech and these new cards are providing even more points of access to and utility for cryptocurrencies. We’re excited to see that our platform can help these companies build out full service digital banking capabilities alongside the card itself.”
Link to Marqeta’s crypto cards solution page: https://www.marqeta.com/payment-solutions/crypto-cards/
About Marqeta
Marqeta’s modern card issuing platform empowers its customers to create customized and innovative payment cards. Marqeta’s platform, powered by open APIs, gives its customers the ability to build more configurable and flexible payment experiences, accelerating product development and democratizing access to card issuing technology. Its modern architecture provides instant access to highly scalable, cloud-based payment infrastructure that enables customers to launch and manage their own card programs, issue cards and authorize and settle transactions. Marqeta is headquartered in Oakland, California and is enabled in 36 countries globally. For more information, visit www.marqeta.com, and .
Trading Spotlight
WOW! Krasse News, das ist ein Game Changer. Hab mir gestern meine 1. Position geholt und nicht damit gerechnet, dass so schnell die 2. Position in mein Depot wandert. Bin jetzt mit 500 Anteilen dabei.
On stage at Money 20/20, Marqeta (NASDAQ: MQ), the global modern card issuing platform, today announced it is partnering with Branch, a leading workforce payments platform, and Uber Freight to bring fast, reliable payments and carrier-first financial services to the logistics and transportation industries.
Komen noch einige Gamechanger
Uber Freight’s driver-first carrier tools empower trucking companies and their drivers to book loads and manage their businesses seamlessly. To expand their offerings and extend that speed, control, and transparency to the carrier payment experience, Uber Freight has partnered with Marqeta and Branch. Through Marqeta’s modern card issuing platform and Branch’s digital wallet, Uber Freight can pay carriers significantly faster than the industry standard, at no additional cost. Rather than waiting 30 days or longer for the traditional accounts payable process, carriers on Uber Freight can get paid two hours after approved proof of delivery, a 99.7% reduction in wait time.
Komen noch einige Gamechanger
Uber Freight’s driver-first carrier tools empower trucking companies and their drivers to book loads and manage their businesses seamlessly. To expand their offerings and extend that speed, control, and transparency to the carrier payment experience, Uber Freight has partnered with Marqeta and Branch. Through Marqeta’s modern card issuing platform and Branch’s digital wallet, Uber Freight can pay carriers significantly faster than the industry standard, at no additional cost. Rather than waiting 30 days or longer for the traditional accounts payable process, carriers on Uber Freight can get paid two hours after approved proof of delivery, a 99.7% reduction in wait time.
Immer weitere Partnerschaften
Amount, ein führender Technologieanbieter für Finanzinstitute, und die globale Plattform für die Ausgabe moderner Karten, Marqeta (NASDAQ: MQ), gaben heute die erste Partnerschaft für virtuelle Karten und Kreditvergabe bekannt, die Banken dabei helfen soll, schnell in den Bereich "Buy Now, Pay Later" (BNPL) einzusteigen.
https://www.prnewswire.com/news-releases/amount-and-marqeta-…
Marqeta (NASDAQ: MQ) gab letzte Woche einige interessante Neuigkeiten bekannt: Es sagte, dass es mit mehreren Kryptowährungsunternehmen, einschließlich Shakepay, Fold und Coinbase, zusammenarbeiten wird, um Visa-Karten zu erstellen, mit denen Benutzer ihre Kryptowährung überall dort ausgeben können, wo Visa akzeptiert wird.
Dieser Schritt ist enorm und stärkt die Plattform von Marqeta, die bereits Partnerschaften mit Affirm, DoorDash, Instacart und Square eingegangen ist. Dies ist auch eine große Neuigkeit für Kryptowährungsbesitzer, da eine weitere Möglichkeit für sie geschaffen wird, ihre Kryptowährung auf die gleiche Weise auszugeben, wie sie traditionelles Geld ausgeben.
https://www.nasdaq.com/articles/will-crypto-be-a-game-change…
Amount, ein führender Technologieanbieter für Finanzinstitute, und die globale Plattform für die Ausgabe moderner Karten, Marqeta (NASDAQ: MQ), gaben heute die erste Partnerschaft für virtuelle Karten und Kreditvergabe bekannt, die Banken dabei helfen soll, schnell in den Bereich "Buy Now, Pay Later" (BNPL) einzusteigen.
https://www.prnewswire.com/news-releases/amount-and-marqeta-…
Marqeta (NASDAQ: MQ) gab letzte Woche einige interessante Neuigkeiten bekannt: Es sagte, dass es mit mehreren Kryptowährungsunternehmen, einschließlich Shakepay, Fold und Coinbase, zusammenarbeiten wird, um Visa-Karten zu erstellen, mit denen Benutzer ihre Kryptowährung überall dort ausgeben können, wo Visa akzeptiert wird.
Dieser Schritt ist enorm und stärkt die Plattform von Marqeta, die bereits Partnerschaften mit Affirm, DoorDash, Instacart und Square eingegangen ist. Dies ist auch eine große Neuigkeit für Kryptowährungsbesitzer, da eine weitere Möglichkeit für sie geschaffen wird, ihre Kryptowährung auf die gleiche Weise auszugeben, wie sie traditionelles Geld ausgeben.
https://www.nasdaq.com/articles/will-crypto-be-a-game-change…
Kein einziges Stück hergeben. Ich gehe fest von 3digits innerhalb 5 Jahre aus.
Antwort auf Beitrag Nr.: 69.712.168 von Fluglotse am 27.10.21 06:40:55Next Partner announcement
Bill.com 🙏🙋🏻♂️👊
Bill.com 🙏🙋🏻♂️👊
Antwort auf Beitrag Nr.: 69.720.937 von Fluglotse am 27.10.21 18:05:54Bin gerade auf diesen Wert gekommen, als ich in der aktuellen WirtschaftsWoche Ausgabe 45 über Aktien von Baki Irmak Gelsen habe. Dieser schreibt unter „Meine Favoriten“: „Junge digitale Fintechplattformen - um digitale Zahlungen abzuwickeln, lagern Banken Geschäft aus an Plattformen wie die kanadische Marqeta.“
Habe noch nie zuvor von diesem Unternehmen gehört. Liegt die Bewertung wirklich bei 225 Mrd oder ist es hier bei WO ein Fehler? Werde mich mal in das Unternehmen einlesen, die Partnerschaften mit Square und Coinbase sind sehr spannend.
Habe noch nie zuvor von diesem Unternehmen gehört. Liegt die Bewertung wirklich bei 225 Mrd oder ist es hier bei WO ein Fehler? Werde mich mal in das Unternehmen einlesen, die Partnerschaften mit Square und Coinbase sind sehr spannend.
Antwort auf Beitrag Nr.: 69.832.008 von Mammut22 am 06.11.21 16:32:1014 Mrd MarketCap, so ein Müll hier diese Anzeigen
Teilnahme an einer Investorenkonferenz.
https://investors.marqeta.com/news-releases/news-release-det…
https://investors.marqeta.com/news-releases/news-release-det…
Was für Zahlen diese Nacht 🥰
Shares of Marqeta Inc. rose more than 14% in after-hours trading Wednesday after the company, which enables companies to issue debit and credit cards, topped expectations with its latest results while also delivering an upbeat forecast.
The company recorded a third-quarter net loss of $45.7 million, or 8 cents a share, compared with a loss of $12.3 million, or 10 cents a share, in the year-earlier quarter.
Marqeta MQ reported a $4.9 million loss on the basis of adjusted earnings before interest, taxes, depreciation and amortization, which is a non-GAAP metric. The company generated $686,000 in adjusted Ebitda a year earlier.
Revenue rose to $131.5 million from $84.3 million a year earlier. Analysts tracked by FactSet were modeling $119.2 million in revenue. Marqeta also saw total processing volume increase to $27.6 billion from $17.2 billion a year prior.
Growth “was driven by outperformance from both our digital banking and BNPL [buy-now pay-later] customers,” Chief Financial Officer Philip Faix said on the earnings call, though it was partially outweighed by some pullbacks in on-demand delivery volume relative to earlier in the pandemic.
“We see our third-quarter results as yet another proof point of the tremendous progress and the impact we are already having in global money movement, and we are only scratching the surface when it comes to the many ways Marqeta enables modern card issuing,” Chief Executive Jason Gardner said on the call.
The company highlighted a series of recent customer wins, including Bill.com Holdings Inc.
which will use Marqeta technology to help small- and medium-sized businesses make their payment processes more efficient. The company will also work with Figure on its digital account that offers buy-now pay-later functions.
“A clean beat + impressive recent deal wins should be enough to drive solid share outperformance in tomorrow’s tape,” Barclays analyst Ramsey El-Assal wrote.
Buy-now pay-later remains a hot area for Marqeta, as does helping cryptocurrency-focused companies offer customers the ability to spend their crypto assets through cards.
When consumers pay with a buy-now pay-later service like Affirm Holdings Inc. AFRM , there is a Marqeta-powered card inserted into the payment flow. Crypto wallets like that from Coinbase Global Inc. COIN allow customers to swipe Marqeta-powered cards to make payments in the real world, and then Coinbase will check the user’s crypto balance, sell crypto for fiat, and fund the transaction.
The company is “focused on those demand trends” where it can help companies in key verticals build connections to point-of-sale systems, Gardner told MarketWatch. “We have the prescience to see what we believe our platform, or modern card issuing, will be able to help.”
Marqeta has largely focused on virtual cards and debit cards, but the company is planning to get more involved in the processing of building credit cards. It helped bring to life a recent offering from M1 that lets people earn up to 10% in cash-back rewards when they spend at companies they have also invested in through the platform.
“With 52% of card spend happening on credit in the U.S., this is a massive market opportunity that is underserved by current technology, which has done little to modernize the credit card experience,” Gardner said on the earnings call. “Therefore, our credit-card issuing platform is a critical strategic priority for Marqeta.”
For the fourth quarter, Marqeta projects $134 million to $139 million in net revenue and an Ebitda loss of $7 million to $10 million. Analysts tracked by FactSet were modeling $125.8 million in revenue and a $24.8 million Ebitda loss.
Shares of Marqeta Inc. rose more than 14% in after-hours trading Wednesday after the company, which enables companies to issue debit and credit cards, topped expectations with its latest results while also delivering an upbeat forecast.
The company recorded a third-quarter net loss of $45.7 million, or 8 cents a share, compared with a loss of $12.3 million, or 10 cents a share, in the year-earlier quarter.
Marqeta MQ reported a $4.9 million loss on the basis of adjusted earnings before interest, taxes, depreciation and amortization, which is a non-GAAP metric. The company generated $686,000 in adjusted Ebitda a year earlier.
Revenue rose to $131.5 million from $84.3 million a year earlier. Analysts tracked by FactSet were modeling $119.2 million in revenue. Marqeta also saw total processing volume increase to $27.6 billion from $17.2 billion a year prior.
Growth “was driven by outperformance from both our digital banking and BNPL [buy-now pay-later] customers,” Chief Financial Officer Philip Faix said on the earnings call, though it was partially outweighed by some pullbacks in on-demand delivery volume relative to earlier in the pandemic.
“We see our third-quarter results as yet another proof point of the tremendous progress and the impact we are already having in global money movement, and we are only scratching the surface when it comes to the many ways Marqeta enables modern card issuing,” Chief Executive Jason Gardner said on the call.
The company highlighted a series of recent customer wins, including Bill.com Holdings Inc.
which will use Marqeta technology to help small- and medium-sized businesses make their payment processes more efficient. The company will also work with Figure on its digital account that offers buy-now pay-later functions.
“A clean beat + impressive recent deal wins should be enough to drive solid share outperformance in tomorrow’s tape,” Barclays analyst Ramsey El-Assal wrote.
Buy-now pay-later remains a hot area for Marqeta, as does helping cryptocurrency-focused companies offer customers the ability to spend their crypto assets through cards.
When consumers pay with a buy-now pay-later service like Affirm Holdings Inc. AFRM , there is a Marqeta-powered card inserted into the payment flow. Crypto wallets like that from Coinbase Global Inc. COIN allow customers to swipe Marqeta-powered cards to make payments in the real world, and then Coinbase will check the user’s crypto balance, sell crypto for fiat, and fund the transaction.
The company is “focused on those demand trends” where it can help companies in key verticals build connections to point-of-sale systems, Gardner told MarketWatch. “We have the prescience to see what we believe our platform, or modern card issuing, will be able to help.”
Marqeta has largely focused on virtual cards and debit cards, but the company is planning to get more involved in the processing of building credit cards. It helped bring to life a recent offering from M1 that lets people earn up to 10% in cash-back rewards when they spend at companies they have also invested in through the platform.
“With 52% of card spend happening on credit in the U.S., this is a massive market opportunity that is underserved by current technology, which has done little to modernize the credit card experience,” Gardner said on the earnings call. “Therefore, our credit-card issuing platform is a critical strategic priority for Marqeta.”
For the fourth quarter, Marqeta projects $134 million to $139 million in net revenue and an Ebitda loss of $7 million to $10 million. Analysts tracked by FactSet were modeling $125.8 million in revenue and a $24.8 million Ebitda loss.
Und was ein Abverkauf.
Was ne Manipulation 👊🤮
Was ne Manipulation 👊🤮
Antwort auf Beitrag Nr.: 69.893.141 von Fluglotse am 11.11.21 20:07:25Muss ich das verstehen. Top Zahlen, super Ausblick und dann so ein Abverkauf?
Ich kann nicht sagen warum es diese rollercoaster hier gibt.
Gestern fast 25 % vom Tageshoch ...heute 10 wieder im Plus.
Das ist ein longtermhold, anyway
Gestern fast 25 % vom Tageshoch ...heute 10 wieder im Plus.
Das ist ein longtermhold, anyway
Gute Analyse
https://mtcapital.substack.com/p/marqeta-inc-mq
https://mtcapital.substack.com/p/marqeta-inc-mq
Antwort auf Beitrag Nr.: 69.981.071 von tiez am 20.11.21 22:55:08Allgemein tolle Analysen auf der Seite, vielen Dank dafür 🎖👍
Ich habe gestern, nach diesen klasse Zshlen zu 7 gekauft😊
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| +0,58 | |
| +0,02 | |
| +8,44 | |
| -0,62 | |
| -0,56 | |
| -0,19 | |
| -1,99 | |
| +0,48 | |
| +0,05 | |
| +0,17 |
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