Marqeta (MQ) Shares Updates at Citi FinTech Conference

Marqeta, Inc. (NASDAQ:MQ) is one of the 15 Best Technology Penny Stocks to Buy. On November 18, Marqeta, Inc. (NASDAQ:MQ) presented at Citi’s 14th Annual FinTech Conference and shared updates about its strategic growth.

Mike Milotich, CEO of Marqeta, Inc. (NASDAQ:MQ), confirmed that the company is actively looking for a new Chief Financial Officer (CFO) to strengthen its leadership team. Marqeta, Inc. (NASDAQ:MQ) expects its Adjusted EBITDA to more than triple year-over-year and reach over $100 million this year. Last year, it was $29 million. Additionally, the company expects to achieve GAAP profitability by 2026.

Milotich pointed out that the company’s growth in Europe remains strong. Marqeta, Inc. (NASDAQ:MQ) has seen over 100% growth in Europe for many quarters. Milotich said that the company’s platform’s scale and flexibility are especially unique in Europe, more so than in the US, and that there is less competition in the European market.

The company’s acquisition of TransactPay has helped it offer program management in Europe using EMI (E-Money Institution) licenses. This is helping support operations in both the UK and the EU and facilitate smoother transitions for customers between the US and Europe.

Additionally, Milotich explained that many large European players want one company that can offer processing, program management, and EMI licensing all in one. Before acquiring TransactPay, Marqeta, Inc. (NASDAQ:MQ) could not serve this high-end market, which holds the most volume and the largest opportunities.

Marqeta, Inc. (NASDAQ:MQ) is a financial technology company that provides a modern open API platform that helps businesses customize cards, instantly issue cards, and use modern payment solutions.

While we acknowledge the potential of MQ as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 15 Best Performing AI Stocks Heading into 2026 and 15 Best Aggressive Growth Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.