Payment card services company Marqeta files for IPO at a $16B to $17B valuation, reports Q1 revenue of $108M with a net loss of $12.8M, down from $14.5M YoY (Ari Levy/CNBC)

Ari Levy / CNBC:
Payment card services company Marqeta files for IPO at a $16B to $17B valuation, reports Q1 revenue of $108M with a net loss of $12.8M, down from $14.5M YoY  —  - Marqeta reported revenue growth in the first quarter of 123% to $108 million, while its net loss narrowed to $12.8 million from $14.5 million a year earlier.