Assertion Contradicted AI assessment confidence: 85% certainty 4/5 debate potential 1/5

McLaughlin: Marqeta is growing at hundreds of percent annually

Steve McLaughlin · 671: Predicting The Future of FInTech with Steve McLaughlin, CEO at FT Partners · May 26, 2017 · at 3:36

FT Partners CEO Steve McLaughlin highlights high-growth companies across the fintech sector.

0:00 / 0:03exact quote · 4.0s

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“In the payment space like Marketa is growing at hundreds of percent a year.”

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The claim, plainly

Marqeta is growing at hundreds of percent a year.

a quote alone can be ambiguous, so this restates it with the references and context of the conversation around it resolved. AI-written; the tape below the player is the source.

Assessment

On May 26, 2017, Steve McLaughlin asserted that Marqeta was 'growing at hundreds of percent a year,' which quantitatively implies an annual growth rate of at least 200%. However, independent reporting and contemporaneous transaction releases from McLaughlin's own firm, FT Partners, consistently indicate that Marqeta was doubling revenue annually (~100% year-over-year growth) from 2016 through 2018. A March 2019 Forbes profile confirmed revenue had 'doubled every year since 2016,' and FT Partners' May 2019 Series E release noted Marqeta had 'doubled its revenue for three straight years.' Marqeta's subsequent SEC Form S-1 filed in May 2021 similarly showed 2019–2020 annual revenue growth of 103% and Total Processing Volume (TPV) growth of 177%. While Marqeta experienced strong hypergrowth (doubling revenue), 100% annual growth is materially below 'hundreds of percent,' rendering the claim false.

Forbes reported on March 26, 2019, that Marqeta's revenue had 'doubled every year since 2016, reaching close to $150 million in 2018' (~100% YoY growth).
FT Partners' Series E announcement on May 21, 2019, stated Marqeta 'has doubled its revenue for three straight years'.
Marqeta's Form S-1 filed with the SEC on May 14, 2021, reported net revenue growth of 103% from 2019 ($143.3M) to 2020 ($290.3M) and platform TPV growth of 177% ($21.7B to $60.1B).

Checked against

[1] sec.gov [2] crowdfundinsider.com [3] marqeta.com [4] marqeta.com [5] sec.gov [6] forbes.com [7] ftpartners.com [8] sec.gov

"Marqeta" "2017" "2016" "revenue" "million" "Marqeta" "processed" "2016" "2017" "billion" OR "million" Marqeta S-1 filing revenue 2016 2017 2018 2019 "Marqeta" "2016" "2017" "revenue" OR "volume" OR "growth" OR "processing" "Marqeta" "2018" "2017" "revenue" "million" OR "billion" Marqeta processing volume 2016 2017 2018 site:sec.gov/Archives/edgar/data/1522540 "Selected Consolidated Financial Data" OR "Consolidated Statements of Operations" Marqeta revenue 2016 2017 2018

assessed as of 2026-09-02

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Mentioned

Marqeta

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McLaughlin: Marqeta is growing at hundreds of percent annually

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