OAKLAND—Marqeta is expanding into the consumer credit card space to help other brands launch credit card programs.
The move comes just days after the payment card issuing company reportedly filed confidentially for an initial public offering, making it the latest fintech to make a move to the public markets, Tech Crunch said.
The company—which provides the tools for financial services platforms of all types to provide cards, wallets, and other payment mechanisms—counts Cash App, Affirm, DoorDash, and Instacart among its customers.
The value of the IPO is expected to be around $10 billion.