Why Marqeta Stock Paid the Bills on Wednesday

Shares of Marqeta (NASDAQ: MQ) charged sharply higher Wednesday, jumping as much as 18.1%. As of 12:21 p.m. EDT, the stock was up 7%.

The modern card issuing specialist climbed as it announced a partnership with fintech company Bill.com (NYSE: BILL).

Marqeta revealed in a press release today that it will underpin "new innovative commercial card products for Bill.com's financial institution customers." Bill.com provides cloud-based software to help simplify and automate back-office financial processes for small- and medium-sized businesses, so this could represent a lucrative opportunity.

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Source Fool.com