Square (Block, Inc.)

About

Block, Inc., formerly known as Square, is a leading fintech company founded in 2009 by Jack Dorsey and Jim McKelvey. It was established to provide cost-effective payment solutions for small businesses, allowing them to accept credit card payments through a mobile app and a small card-reading device. Over time, the company has expanded its services to include a wide range of financial products and tools for both businesses and individuals. Key offerings include Square, a comprehensive platform for merchants to manage sales, inventory, and staff, and Cash App, a peer-to-peer payment service that also supports investing in stocks and cryptocurrencies. Block, Inc. has made significant investments in Bitcoin and blockchain technology, positioning itself as a leader in cryptocurrency adoption. The company's portfolio also includes Tidal, a music streaming service, and Afterpay, a buy-now-pay-later platform. Through these acquisitions and developments, Block, Inc. aims to increase access to financial services and promote economic empowerment. Its name change from Square to Block in 2021 reflects its growth beyond its initial payment solutions, encompassing a broader ecosystem of financial services and technologies.