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Fintech Marqeta is hiring software engineers, considering acquisitions - Business Insider

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$1.9 billion fintech Marqeta is hiring more and eyeing M&A as its partners like Square, DoorDash, and Instacart race to issue virtual credit cards

While many startups are laying off employees to save cash, fintech Marqeta has hired 50 people in the last two months and is looking to hire more.

Through its open-API card issuing platform, Marqeta powers on-demand delivery startups like DoorDash, Instacart, and Uber Eats. And Marqeta has hired 50 people entirely remotely since the coronavirus lockdown began in March. Currently, with about 420 employees, the fintech plans to grow to 500 people by the end of this year.And while Marqeta is keeping its eye out for possible acquisitions, Gardner says they're not looking to raise cash anytime soon.

"We made sure all the way down to our plastics vendors that they had enough raw material on hand," said Gardner. In the last two months, Marqeta has hired 50 people entirely remotely, and in April it saw 43% more job applications than in February.

 

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