Marqeta Reports Q4 Growth and Expansion in Payments Infrastructure at Citi FinTech Conference

Marqeta (MQ) delivered a comprehensive update on its financial and operational progress during its appearance at the Citi FinTech Conference, marking a pivotal moment in its ongoing expansion of payment infrastructure. The company reported a 31% year-over-year increase in total transaction volume during Q4 2024, reaching $26.4 billion, driven by sustained demand in embedded finance and digital commerce solutions. The presentation underscored Marqeta’s growing role as a foundational platform for fintech innovators. The company announced the onboarding of 23 new partners in Q4, including a major neobank and a global travel app, expanding its network to over 1,200 active clients. These integrations contributed to a 17% rise in platform-based revenue, which reached $128 million for the quarter, reflecting strong adoption of its programmable card and API-first architecture. Marqeta also unveiled enhancements to its risk management and compliance systems, enabling faster onboarding and reduced fraud rates by 12% compared to the prior year. The company cited improved data analytics and AI-driven underwriting as key enablers of this progress. Additionally, Marqeta confirmed plans to expand its U.S. and European data centers by Q2 2025, supporting regulatory compliance and low-latency transaction processing. Market participants reacted positively to the update, with MQ shares rising 4.7% in after-hours trading. Investors appear encouraged by Marqeta’s trajectory toward profitability, as the company reported a narrowing loss from operations to $19.3 million in Q4, down from $25.8 million in the same period last year.