Marqeta has teamed up with Coinbase to bring stablecoin-backed cards to crypto-native and non-crypto businesses, the card issuing platform announced on October 16, 2026. Coinbase will hold stablecoin balances and convert between digital assets and fiat. Its Base blockchain will handle settlement. Marqeta will provide card issuance and payment processing, and manage bank and network relationships. Businesses will be able to issue the cards and fund programmes 24/7. Cardholders can spend stablecoin balances at millions of merchants worldwide that accept cards. Marqeta already issues crypto-backed cards for Coinbase. "Expanding our relationship with Coinbase was a natural next step," said Anthony Peculic, chief strategy officer at Marqeta.

Marqeta (NASDAQ:MQ) downgraded by Zacks Research to Hold. October 15, 2026 Key points. * Zacks Research downgraded Marqeta from "strong buy" to "hold." The broader analyst consensus is also "hold," with one Buy, eight Hold, and one Sell rating and an average price target of $19.71. * Marqeta shares opened at $18.18 and were down 2.0%, with a market capitalization of approximately $1.89 billion. The stock has traded between $14.80 and $22.28 over the past year. * The company exceeded quarterly expectations, reporting $0.07 in EPS versus a $0.01 estimate and $176 million in revenue versus $172.96 million expected; revenue increased 17% year over year. Institutional investors own 78.64% of the stock. * Five stocks we like better than Marqeta. Marqeta (NASDAQ:MQ - Get Free Report) was downgraded by Zacks Research from a "strong-buy" rating to a "hold" rating in a report released on Tuesday, Zacks reports. MQ has been the topic of several other research reports. Keefe, Bruyette & Woods raised their price objective on shares of Marqeta from $18.00 to $19.00 and gave the company a "market perform" rating in a research report on Wednesday, August 5th. Weiss Ratings upgraded shares of Marqeta from a "sell (d)" rating to a "sell (d+)" rating in a research note on Thursday, August 6th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Marqeta from $4.50 to $18.00 and gave the company a "hold" rating in a report on Thursday, July 2nd. One investment analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $19.71. Marqeta trading down 2.0%. NASDAQ MQ opened at $18.18 on Tuesday. Marqeta has a 1-year low of $14.80 and a 1-year high of $22.28. The firm's fifty day simple moving average is $16.47 and its 200-day simple moving average is $16.44. The company has a market capitalization of $1.89 billion, a PE ratio of 165.27 and a beta of 1.21. Marqeta (NASDAQ:MQ - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.01 by $0.06. Marqeta had a return on equity of 1.36% and a net margin of 1.53%. The firm had revenue of $176.00 million during the quarter, compared to analysts' expectations of $172.96 million. The business's revenue was up 17.0% on a year-over-year basis. As a group, analysts predict that Marqeta will post 0.28 EPS for the current year. Hedge Funds weigh in on Marqeta. A number of institutional investors have recently modified their holdings of the company. California State Teachers Retirement System raised its position in shares of Marqeta by 32.4% during the first quarter. California State Teachers Retirement System now owns 469,391 shares of the company's stock valued at $1,915,000 after buying an additional 114,943 shares during the last quarter. Empowered Funds LLC grew its position in Marqeta by 59.0% during the first quarter. Empowered Funds LLC now owns 93,586 shares of the company's stock worth $382,000 after buying an additional 34,731 shares in the last quarter. First Trust Advisors LP increased its stake in Marqeta by 33.8% during the first quarter. First Trust Advisors LP now owns 1,034,889 shares of the company's stock valued at $4,222,000 after acquiring an additional 261,208 shares during the period. Dimensional Fund Advisors LP increased its stake in Marqeta by 6.9% during the first quarter. Dimensional Fund Advisors LP now owns 8,779,290 shares of the company's stock valued at $35,818,000 after acquiring an additional 567,673 shares during the period. Finally, Parallel Advisors LLC increased its stake in Marqeta by 187.2% during the first quarter. Parallel Advisors LLC now owns 19,515 shares of the company's stock valued at $80,000 after acquiring an additional 12,721 shares during the period. Institutional investors own 78.64% of the company's stock. Marqeta company profile. Marqeta, Inc is a financial technology company that provides a modern card-issuing and payment-processing platform. Its cloud-based infrastructure enables businesses to create, launch and manage physical, virtual and tokenized payment cards through application programming interfaces (APIs), without building a card program and processing network entirely in-house. The Marqeta platform supports transaction processing, authorization, funding, digital wallet integration, card controls and fraud prevention. Further reading. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Before you consider Marqeta, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Marqeta wasn't on the list. While Marqeta currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. 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Open banking fintech Trustly cuts 200 jobs globally. The company is cutting around a quarter of its global workforce after a 16.8% revenue drop widened net losses in 2025, even as it eyes further US expansion with a new CTO. Tyler Pathe, Senior Reporter, FinTech Futures September 29, 2026 Trustly, the Stockholm-headquartered Pay by Bank technology provider, is downsizing its workforce with plans to cut around 200 roles from the organisation globally amid continued bottom line losses. A company spokesperson confirmed the move to FinTech Futures: "These changes are about sharpening our focus and concentrating investment behind the priorities that will help us lead the rapidly growing open banking market." Founded in 2008, Trustly currently uses open banking to allow customers to authorise payments to online merchants directly from their bank account. Clients include BNY Mellon, Alibaba, PayPal, and Wise. According to LinkedIn, the company has a workforce of 865 people, meaning that this latest wave of job cuts will affect around a quarter of the business. Local media outlet BreakIt reports 205 jobs lost, citing internal communications from CEO Johan Tjärnberg. "We understand the impact this will have on those whose roles are affected, and we're supporting every employee throughout the process," the company statement to FinTech Futures continued. According to the group's annual report for the financial year ending 31 December 2025, Trustly's consolidated net loss widened by 33.2% to SEK 534.3 million ($54.4 million), up from a loss of SEK 401 million ($37.9 million) in 2024. Operating profit (EBIT) also swung into the red, posting a loss of SEK 102 million ($10.4 million) compared to a profit of SEK 195.6 million ($18.5 million) the previous year. The group attributed the deeper deficit to a 16.8% drop in annual revenue to SEK 2,427.7 million ($247 million). The report states that this was driven by "protracted negotiations with two large merchants at the end of 2024", though both contracts have since been recovered. In April this year, Trustly appointed group chief technology officer Randy Kern, formerly of card issuing platform Marqeta, who is now leveraging his career experience in the US to expand the company into new markets. Current Trustly backers supporting this expansion include majority shareholder Nordic Capital, alongside BlackRock and Neuberger Berman, among others. Senior Reporter, FinTech Futures Tyler Pathe is a financial reporter, moderator and investigator with a specific interest in financial technology, banking and the financial industry's latest innovations.