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.
