Marqeta: Reports $53 million Q3 net loss
- Marqeta brings speed and efficiency to card issuing and payment processing with the world’s first open API platform
- Reported financial results for the third quarter ended September 30, 2022
- Gross profit was $80 million, an increase of 36% year over year, resulting in a gross margin of 42%
- Highlighted several recent business updates that demonstrate its current business momentum
- Announced a new partnership with Raiffeisen Centrobank, to power its Raiffeisen Digital Bank
- Including the new Blockchain.com Visa card where the user utilizes the available cryptocurrency balance
