12 Best American Penny Stocks to Buy Right Now

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7. Marqeta, Inc. (NASDAQ:MQ)

Share Price: $4.88

Number of Hedge Fund Holders: 31

Marqeta, Inc. (NASDAQ:MQ) is one of the best American penny stocks to buy right now. On November 3, Marqeta, Inc. (NASDAQ: MQ) shared that it is working with Klarna to expand Klarna Card into 15 new European markets.

Klarna is a global digital bank and flexible payments provider. This new expansion builds upon Marqeta, Inc. (NASDAQ:MQ) and Klarna’s partnership. This announcement comes after the successful launch of the Klarna Card in the US in June 2025.

Marqeta, Inc. (NASDAQ:MQ) became the first issuer processor certified for Visa Flexible Credential in the US in July 2024. The new expansion will leverage Visa’s Flexible Credential technology, allowing customers to choose whether they want to pay now or later, all with just one debit card.

By integrating with Marqeta, Inc.’s (NASDAQ:MQ) platform, Klarna will be able to launch its card quickly and grow efficiently across multiple markets.

Marqeta, Inc. (NASDAQ:MQ) is a financial technology company that provides a modern open API platform that helps businesses customize cards, instantly issue cards, and use modern payment solutions.

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