Marqeta Inc vs Remitly Global Inc — how do they compare? Marqeta Inc trades at $17.22 (market cap $1.85B), while Remitly Global Inc trades at $23.93 (market cap $5.02B). The key difference: Remitly Global Inc is far larger — about 2.7× Marqeta Inc's market cap, and Remitly Global Inc is trading nearer its 52-week high, Marqeta Inc nearer its low. Which is the better fit depends on your goals.
| MQ | RELY | |
|---|---|---|
Market Cap | $1.85B | $5.02B |
Sector | Technology | Technology |
52-Week High | $27.32 | $25.23 |
52-Week Low | $15.04 | $12.20 |
Enterprise Value | $1.15B | $4.41B |
Trailing returns across standard periods
Headquartered in Oakland, California, and founded in 2010, Marqeta provides its clients with a card-issuing platform that offers the infrastructure and tools necessary to offer digital, physical, and tokenized payment options without the need for a traditional bank. The company's open APIs are designed to allow third parties like DoorDash, Klarna, and Block to rapidly develop and deploy innovative card-based products and payment services without the need to develop the underlying technology. The company generates revenue primarily through processing and ATM fees for cards issued on its platform.
Read more on MQ →Remitly Global Inc provides integrated financial services to immigrants, including helping customers send money internationally in a quick, reliable, and more cost-effective manner by leveraging digital channels. It supports cross-border transmissions across the globe. Its revenue is generated on transaction fees charged to customers and foreign exchange spreads between the foreign exchange rate offered to customers and the foreign exchange rate on the company's currency purchases.
Read more on RELY →