What Marqeta's First-Ever Acquisition Means for Investors
Payments platform company Marqeta (NASDAQ: MQ) is opening its pocketbook, dropping $223 million in cash to acquire a fintech start-up called Power Finance. It's the company's first-ever acquisition and comes at a pivotal point for Marqeta, which only recently identified its new CEO to replace Jason Gardner, who is stepping down. How will Power Finance help Marqeta grow?