Marqeta CEO Jason Gardner at the company's Oakland headquarters. Timothy Archibald/The Forbes CollectionPayments startup Marqeta is planning to go public at a valuation that could reach $8 billion, say two people familiar with the situation. The Oakland company was last valued at $4.3 billion two months ago. Instacart uses Marqeta to help prevent its grocery deliverers from adding their own personal items to a customer’s order. Earlier this year, CEO Jason Gardner didn’t expect revenue to double again, but the pandemic could propel the company to hit that milestone once more, says a person familiar with the company’s finances.

Source: Forbes July 17, 2020 10:30 UTC