Marqeta continues to build on its API strategy and recently announced significant expansions of its credit platform.

Marqeta is delivering excellent numbers across the board. The company is a picks-and-shovels play in fintech, with massive potential for long-term growth.

The total addressable global market for card payments is $45 trillion and is expected to grow to $80 trillion by 2030. Recently listed Marqeta is a leading card-issuing platform to these customers.

The IPO market performed well last year despite the coronavirus pandemic slowing financial markets worldwide. The momentum continued this year, with Q2 being the busiest quarter since 2000.

Marqeta’s expected valuation of $12 billion implies that the company’s total processing volume will be 114% of PayPal’s, a highly unlikely outcome..