Latest news with #TransactPay
Yahoo
2 days ago
- Business
- Yahoo
Marqeta (MQ) Blasts to Record High on Expansion to Europe
We recently published . Marqeta, Inc. (NASDAQ:MQ) is one of the best-performing stocks on Thursday. Marqeta Inc. saw its share prices jump to a new all-time high on Thursday as investor sentiment was boosted by the completion of its acquisition of TransactPay and a higher revenue outlook for full-year 2025. In intra-day trading, the company jumped as high as 20.4 percent to $6.84 before ending the day up by 20.25 percent at $6.83 apiece. In a separate statement alongside its earnings performance, Marqeta, Inc. (NASDAQ:MQ) said it has completed the acquisition of TransactPay, paving the way for its expansion program in Europe, including the UK. 'With the combined capabilities of TransactPay and Marqeta, we're helping our customers address these fundamental payment needs,' said Marqeta, Inc. (NASDAQ:MQ) Europe and UK CEO Marcin Glogowski. 'Our business in Europe continues to grow, with total processing volume more than doubling year-over-year. This acquisition furthers this growth and demonstrates our commitment to the European and UK markets as part of our overall global strategy,' he added. In other news, Marqeta, Inc. (NASDAQ:MQ) swung to a net loss of $647,000 from a net income of $119 million in the same period last year. Revenues grew by 20 percent to $150 million from $125 million year-on-year. Copyright: sifotography / 123RF Stock Photo For full-year 2025, the company raised its revenue growth guidance to 17 to 18 percent from 13 to 15 percent previously. While we acknowledge the potential of MQ as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Finextra
3 days ago
- Business
- Finextra
Marqeta completes TransactPay acquisition
Marqeta, Inc. (NASDAQ: MQ), the global modern card issuing platform that enables embedded finance solutions for the world's innovators, today announced the successful completion of its acquisition of TransactPay, a BIN Sponsorship provider that is licensed as an E-Money Institution (EMI) to issue e-money and undertake payment services in the UK and European Economic Area. 0 As previously announced in February 2025, the acquisition of TransactPay will strengthen Marqeta's card program management capabilities in Europe, bolstering digital payments capabilities for customers in the UK and EU, and enabling existing customers to expand more easily into European markets. With the combined capabilities of Marqeta and TransactPay, customers will be able to take advantage of card program management features in the UK and EU, and avoid the added complexity associated with engaging multiple partners. Marqeta and TransactPay customers will continue to have dedicated customer and production support, as well as strategic bank, network, and regulatory relationships, supporting card program scale throughout the region. 'In today's evolving global landscape, from regulatory modifications to rapid economic policy changes, the ability to deliver innovative payments products and scale quickly while staying compliant with requirements across Europe is critical. With the combined capabilities of TransactPay and Marqeta, we're helping our customers address these fundamental payment needs,' said Marcin Glogowski, SVP Managing Director, Europe and UK CEO, Marqeta. 'Our business in Europe continues to grow, with total processing volume more than doubling year-over-year. This acquisition furthers this growth and demonstrates our commitment to the European and UK markets as part of our overall global strategy.' 'We are proud to continue as a trusted partner to Marqeta, combining our capabilities to help our customers accelerate growth and bring new digital payments offerings to market more efficiently,' said Aaron Carpenter, CEO of TransactPay. 'We look forward to continuing to grow and scale our technology with Marqeta across Europe, delivering the innovative solutions that our customers are seeking.'
Yahoo
4 days ago
- Business
- Yahoo
Marqeta Announces Completion of TransactPay Acquisition
OAKLAND, Calif., August 06, 2025--(BUSINESS WIRE)--Marqeta, Inc. (NASDAQ: MQ), the global modern card issuing platform that enables embedded finance solutions for the world's innovators, today announced the successful completion of its acquisition of TransactPay, a BIN Sponsorship provider that is licensed as an E-Money Institution (EMI) to issue e-money and undertake payment services in the UK and European Economic Area. As previously announced in February 2025, the acquisition of TransactPay will strengthen Marqeta's card program management capabilities in Europe, bolstering digital payments capabilities for customers in the UK and EU, and enabling existing customers to expand more easily into European markets. With the combined capabilities of Marqeta and TransactPay, customers will be able to take advantage of card program management features in the UK and EU, and avoid the added complexity associated with engaging multiple partners. Marqeta and TransactPay customers will continue to have dedicated customer and production support, as well as strategic bank, network, and regulatory relationships, supporting card program scale throughout the region. "In today's evolving global landscape, from regulatory modifications to rapid economic policy changes, the ability to deliver innovative payments products and scale quickly while staying compliant with requirements across Europe is critical. With the combined capabilities of TransactPay and Marqeta, we're helping our customers address these fundamental payment needs," said Marcin Glogowski, SVP Managing Director, Europe and UK CEO, Marqeta. "Our business in Europe continues to grow, with total processing volume more than doubling year-over-year. This acquisition furthers this growth and demonstrates our commitment to the European and UK markets as part of our overall global strategy." "We are proud to continue as a trusted partner to Marqeta, combining our capabilities to help our customers accelerate growth and bring new digital payments offerings to market more efficiently," said Aaron Carpenter, CEO of TransactPay. "We look forward to continuing to grow and scale our technology with Marqeta across Europe, delivering the innovative solutions that our customers are seeking." About Marqeta Marqeta makes it possible for companies to build and embed financial services into their branded experience—and unlock new ways to grow their business and delight users. The Marqeta platform puts businesses in control of building financial solutions, enabling them to turn real-time data into personalized, optimized solutions for everything from consumer loyalty to capital efficiency. With compliance and security built-in, Marqeta's platform has been proven at scale, processing nearly $300 billion in annual payments volume in 2024. Marqeta is certified to operate in more than 40 countries worldwide. Visit to learn more. Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements expressed or implied in this press release include, but are not limited to, quotations and statements relating to technological and market trends; Marqeta's growth strategy and business as well as the growth of our current and prospective customers; Marqeta's products and services and TransactPay's products and services; and statements made by Marqeta's senior leadership. In some cases, these forward-looking statements can be identified by the use of words such as "outlook," "believes," "expects," "potential," "continues," "may," "will," "should," "could," "seeks," "projects," "predicts," "intends," "plans," "estimates," "anticipates" or the negative version of these words or other comparable words. Actual results may differ materially from the expectations contained in these statements due to risks and uncertainties, including, but not limited to, the following: any factors creating issues with changes in domestic and international business, market, financial, political and legal conditions; and those risks and uncertainties included in the "Risk Factors" disclosed in Marqeta's Annual Report on Form 10-K, as may be updated from time to time in Marqeta's periodic filings with the SEC, available at and Marqeta's website at The forward-looking statements in this press release are based on information available to Marqeta as of the date hereof. Marqeta disclaims any obligation to update any forward-looking statements, except as required by law. View source version on Contacts Jordan Fellowsjfellows@ Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
11-06-2025
- Business
- Yahoo
MQ Q1 Earnings Call: Product Migrations and Platform Expansion Offset Guidance Shortfall
Leading edge card issuer Marqeta (NASDAQ: MQ) reported Q1 CY2025 results beating Wall Street's revenue expectations , with sales up 17.9% year on year to $139.1 million. On the other hand, next quarter's revenue guidance of $140.3 million was less impressive, coming in 3.8% below analysts' estimates. Its non-GAAP loss of $0 per share was 93.1% above analysts' consensus estimates. Is now the time to buy MQ? Find out in our full research report (it's free). Revenue: $139.1 million vs analyst estimates of $135.8 million (17.9% year-on-year growth, 2.4% beat) Adjusted Operating Income: $14.75 million vs analyst estimates of -$29.34 million (10.6% margin, significant beat) Revenue Guidance for Q2 CY2025 is $140.3 million at the midpoint, below analyst estimates of $145.8 million Operating Margin: -13.3%, up from -42.3% in the same quarter last year Market Capitalization: $2.57 billion Marqeta's first quarter performance was shaped by ongoing momentum in customer migrations and platform breadth, as management highlighted. Interim CEO and CFO Mike Milotich pointed to accelerated migrations, including Klarna and Perpay, as evidence of the company's ability to win established programs seeking modern processing capabilities. The quarter also reflected progress in expanding non-block (non-Square/Block) customer volumes, with TPV (Total Processing Volume) for non-block clients growing at more than twice the company average. Milotich credited successful launches in Europe, such as with Bitpanda, and the deepening of capabilities—like the UX Toolkit—for supporting this growth. He noted, 'Perpay had already found product market fit and a significant client base. However, they were looking to switch from their processing provider to one that had more sophisticated, scalable, and responsive capabilities.' Looking ahead, Marqeta's guidance incorporates both the impact of a renegotiated platform partner agreement and continued investment in innovation and product launches. Milotich stated that while the revised agreement lowers reported revenue, it does not impact gross profit, keeping the company's underlying business trajectory intact. He emphasized ongoing expansion in Europe, the planned integration of TransactPay, and the ramp of new credit and debit programs as key growth drivers for the year. Addressing potential macroeconomic risks, Milotich cautioned, 'We are assuming consistent macroeconomic conditions for the remainder of the year, but noting the risk.' Management reiterated that gross profit projections remain steady despite uncertainties and that adjusted EBITDA margin guidance has been raised due to ongoing expense discipline and operational efficiencies. Management linked the quarter's revenue growth and margin improvements to new program wins and the company's ability to execute complex card migration projects. The renegotiation of a platform partner agreement also affected reported revenue but improved profitability. Customer migration capability: Marqeta completed notable migrations, including Klarna and Perpay, demonstrating the platform's ability to onboard existing credit and debit programs from other providers. These projects were highlighted as critical to attracting more established brands seeking advanced issuer processing. European expansion and acquisitions: The company continued to see strong TPV growth in Europe, with the Bitpanda program launching across 26 countries in 10 currencies. Management expects the pending acquisition of TransactPay to enhance its European program management offerings, facilitating seamless cross-border solutions for clients. Product innovation focus: Marqeta introduced its UX Toolkit, a set of pre-built user interface components optimized for regulatory compliance, to accelerate customer onboarding and product launches. The company also announced plans for a white-label app to further reduce time-to-market for new card programs. Diversification away from block: Non-block customer volumes and gross profit grew much faster than block-related business, driven by neobanking, lending, and expense management use cases. Management noted that TPV growth among customers outside the top five outpaced the company average, indicating broader adoption. Expense discipline and operational scale: Adjusted operating expenses grew only modestly, reflecting continued hiring discipline and geographic talent sourcing. Margin expansion was attributed to operating leverage and a favorable mix shift toward higher-margin products and customers. Marqeta expects growth to be driven by expanded platform capabilities, new customer migrations, and continued European momentum, while monitoring macroeconomic risks and customer spending trends. Platform expansion and migrations: Management believes that expertise in migrating established card programs will position the company to capture more business from traditional issuers and large brands. The planned launch of additional credit and commercial programs is expected to support volume growth in late 2025 and beyond. European market and acquisitions: The anticipated close of the TransactPay acquisition is seen as a catalyst for further European growth. Management expects that program management capabilities, now in demand from multinational clients, will increase cross-border adoption and drive new business. Macroeconomic and regulatory factors: While guidance assumes stable economic conditions, management acknowledged the risk of deterioration in customer spending or delays in program launches. Potential shifts in financial regulation or consumer behavior could impact the pace of growth, but Marqeta's exposure to less discretionary spending categories may help mitigate downside risk. Over the next few quarters, the StockStory team will be monitoring (1) the pace and success of additional program migrations, especially in credit and commercial segments, (2) progress on closing the TransactPay acquisition and scaling European program management, and (3) the rollout and adoption of new product offerings such as the white-label app and expanded risk and rewards features. The ability to sustain non-block growth and navigate macroeconomic uncertainty will also be closely watched. Marqeta currently trades at a forward price-to-sales ratio of 4.5×. At this valuation, is it a buy or sell post earnings? See for yourself in our full research report (it's free). The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Tecnoglass (+1,754% five-year return). Find your next big winner with StockStory today.
Finextra
02-06-2025
- Business
- Finextra
TransactPay signs with Griffin
TransactPay, a leading provider of UK & European BIN sponsorship and modular payment, debit, credit and prepaid services, has partnered with Griffin, the UK's leading bank for fintechs and platforms. 7 This partnership strengthens TransactPay's banking infrastructure and enhances its product offering for card programs in the UK. Building on successful collaborations co-servicing multiple businesses including Yonder and one of the world's biggest global consumer technology brands (to be announced later this year), this formal partnership allows TransactPay to leverage Griffin's infrastructure for safeguarding, operational accounts, payments and savings. TransactPay can now streamline its operations with dedicated safeguarding accounts for e-money programs, operational accounts for working capital and card scheme obligations, and easy access savings accounts to offer alongside its card products. Griffin's infrastructure will also support faster payments and book transfers with FSCS protection on customer accounts of up to £85,000 per eligible depositor. Speaking on the partnership, Aaron Carpenter, CEO at TransactPay said, 'All of our touchpoints with Griffin over the last couple of years have been great - pragmatic, flexible, and focused on getting the best outcome for the customer. We're delighted to be making our relationship official and look forward to working with them on some exciting new projects.' David Jarvis, CEO and co-founder at Griffin added: "We've worked with TransactPay on multiple projects that have allowed both teams to see the power of combining their card issuing expertise with our banking infrastructure. We're excited to now formalise this partnership and provide the banking support that will enable TransactPay to compete more effectively and deliver even more value to their card program partners in the UK and beyond."
