PNC Financial Services Group Inc. Buys 22,680 Shares of Marqeta, Inc. (NASDAQ:MQ)

PNC Financial Services Group Inc. is a multinational financial services corporation headquartered in Pittsburgh, Pennsylvania, United States. The company operates in various segments, including commercial banking, corporate and institutional banking, asset management, and mortgage banking.

Marqeta, Inc. is a leading provider of modern payment processing solutions for businesses. The company's platform enables businesses to create, manage, and control their payment programs, including virtual cards, expense management, and bill payments. Marqeta's technology is designed to be flexible and scalable, allowing businesses to quickly and easily customize their payment programs to meet their unique needs.

In the third quarter of 2021, PNC Financial Services Group Inc. reported that it had purchased an additional 22,680 shares of Marqeta, Inc.'s stock, increasing its holdings by 910.5%. After this purchase, the company owned a total of 25,171 shares of Marqeta's stock.

The acquisition of these additional shares reflects PNC Financial Services Group Inc.'s continued confidence in the growth potential of Marqeta and its payment processing solutions. By increasing its stake in the company, PNC Financial Services Group Inc. is positioning itself to benefit from any future growth or success that Marqeta may achieve.

Overall, this acquisition highlights the ongoing partnership between PNC Financial Services Group Inc. and Marqeta, and underscores the importance of payment processing solutions in today's digital economy.