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Marqeta and Spendesk Financial Services Join Forces to Offer Modern and Efficient Expense Management for Over 4,000 SMBs Across Europe

1. Marqeta becomes issuer processor for Spendesk Financial Services in Europe. 2. This partnership enhances Spendesk's budget monitoring for medium-sized businesses.

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FAQ

Why Bullish?

The partnership with Spendesk signifies increased demand for Marqeta's services, similar to past collaborations that boosted stock value.

How important is it?

This partnership could drive revenue growth, aligning with Marqeta's strategic goals and enhancing investor confidence.

Why Short Term?

The immediate effects of partnerships typically reflect in the stock price soon after the announcements, as evidenced in previous deals.

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SQPYPLFIS
LONDON--(BUSINESS WIRE)--Marqeta (NASDAQ: MQ), the global modern card issuing platform that enables embedded finance solutions for the world's innovators, today announced that it has become the issuer processor for Spendesk Financial Services (SFS) in Europe, the payment institution powering and fully owned by Spendesk. Spendesk, Europe's leading spend management and procurement solution, leverages this combined technology to enable its medium-sized business customers to monitor budgets, custom.

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