Digital Transactions Authoritative, insightful and timely information for payments professionals
- Marqeta Inc., a 10-year-old provider of a digital card-issuing platform, is looking to hire investment banks for a possible initial public offering later this year or in 2021, according to Reuters. The company, valued at $4.3 billion after its latest funding, is backed by Goldman Sachs and Visa Inc. and counts Square Inc., Uber Technologies Inc., and Instacart among its clients.
- MoneyGram International Inc. reported 106% year-over-year digital transaction growth in June, though it didn’t disclose actual volumes. The company also announced the expansion of its consumer-direct channel and online service to Iceland.
- The WikiLeaks Shop is accepting Bitcoin on the Lightning network, a new technology aimed at speeding up Bitcoin transactions, according to Coindesk. The shop sells T-shirts and other items to help support Wikileaks, known for its disclosures of government secrets.
- Marketing services provider Cardlytics Inc. hired Peter Davies as head of sales strategy and operations; Davies most recently was chief revenue officer for Darkstore, a technology company focused on same-day fulfillment and delivery for brands, including Nike.
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