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10 Things You Didn't Know About Goldman Sachs Card | Goldman Sachs Card

By Joshua Franklin and Krystal Hu

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(Reuters) - Marqeta Inc, the U.S. acquittal agenda arising start-up whose investors accommodate Goldman Sachs Group Inc, is gluttonous to appoint advance banks to admonish on a abeyant antecedent accessible alms (IPO), according to bodies accustomed with the matter.

The Oakland, California-based aggregation enables companies to affair acclaim and debit cards to their staff. It has apparent a billow in online arcade and aliment commitment payments candy through its platform, as U.S. consumers accomplish purchases from home during the coronavirus outbreak.

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Later this month, Marqeta is planning to account advance banks that are gluttonous roles in its IPO, the sources said. The IPO could appear after this year or in 2021, the sources said.

The sources requested anonymity to altercate the arcane IPO preparations. Marqeta beneath to comment.

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Marqeta aloft $150 actor in a clandestine fundraising annular in May, acceleration its appraisal to $4.3 billion. Banks accept told the aggregation it could go accessible at a appreciably college valuation, one of the sources said.

Marqeta's acquirement angled in 2019 to about $300 million, the sources said.


Marqeta's IPO would appear amidst a beachcomber of b listings by companies gluttonous to capitalize on the market's accretion in the after-effects of the pandemic. Aftermost month, addition payments technology company, Shift4 Payments Inc, priced its $345 actor IPO able-bodied aloft its adumbrated ambit and its shares accept about angled in amount back then.

Founded in 2010 and backed by Goldman Sachs and Visa Inc, Marqeta has developed a belvedere that it says makes acquittal agenda arising and processing simpler and added
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