Marqeta, Inc. (NasdaqGS:MQ) announces an Equity Buyback for $200 million worth of its shares.
May 08, 2024 at 01:38 am IST
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Marqeta, Inc. (NasdaqGS:MQ) announces a share repurchase program. Under the program, the company will repurchase up to $200 million worth of its Class A common stock. The execution of the repurchase program will be consistent with the company?s capital allocation strategy.
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. 
