Marqeta ‘in distress’ with biggest customer Block, says The Bear Cave

Marqeta (MQ), which bills itself as “modernizing financial services by making the entire payment experience native and delightful,” could actually be in “distress” with its biggest customer, Block (SQ), and its biggest banking partner, Sutton Bank, The Bear Cave says in a new research note. In addition, The Bear Cave believes that Marqeta, through its partnership with Cash App, is facilitating criminal payments and becoming the preferred payment processor for child pornography.