Marqeta names Stripe, JPMorgan alum as CFO

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AI Summary

Marqeta appoints a Stripe and JPMorgan alum as CFO; the move comes after a 27% increase in gross profit for their most recent quarter, focusing on profitability.

Texas Relevance

The article does not mention Texas or any Texas-specific entities and is focused on a company's financial strategy rather than compliance or regulatory matters affecting credit unions in Texas.

Original Content

The Stripe veteran is joining the card issuer as it continues to focus on profitability following a 27% jump in gross profit for its most recent quarter.