Formerly | Square, Inc. (2009–2021) |
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Company type | Public |
| |
Industry | |
Founded | February 14, 2009St. Louis, Missouri, U.S. | in
Founder |
|
Headquarters | No headquarters[2]: 16 |
Area served | 95 countries, including United States, Canada, Australia, Japan, United Kingdom, Ireland, France, Spain |
Key people | |
Products | Square (POS terminal and auxiliary equipment), Cash App (peer to peer money transfer app), Bitkey (self-custody Bitcoin hardware wallet) |
Services | |
Revenue | US$21.92 billion (2023) |
−US$279 million (2023) | |
−US$9.8 million (2023) | |
Total assets | US$34.07 billion (2023) |
Total equity | US$18.69 billion (2023) |
Owner | Jack Dorsey (10%) |
Number of employees | 12,985 (2023) |
Subsidiaries | |
Website | block |
Footnotes / references [3][2][4][5][6][7][8] |
Block, Inc. (formerly Square, Inc.[9]) is a U.S. listed company founded by Jack Dorsey and Jim McKelvey in 2009. It is a financial technology conglomerate. The company reportedly serves 56 million users and 4 million businesses, and processes payments worth US$228 billion annually as of 2023.[10][11][3]
Block's inaugural product Square, launched in 2009, is a financial services platform for small and medium-sized businesses. Square enables the use of smartphones or tablets as point-of-sale registers for processing credit card payments.[12] It also facilitates operations such as customer appointments,[13] e-Commerce,[14] inventory,[15] payroll, shift schedules,[16] banking, and borrowing business loans.[17] Additionally, Block's portfolio includes Cash App, a consumer-focused service introduced in 2013. This app offers peer-to-peer transactions, direct deposits,[18][19] a savings account, a debit card, investing in stocks and Bitcoin,[20][21] a tax filing service,[22] and personal loans.[23] Block also owns Afterpay, a buy now, pay later service;[24] TBD, a decentralized platform targeting Bitcoin and decentralized finance;[25][26] Bitkey, a self-custody Bitcoin wallet service;[27][28] and Tidal, a subscription-based music streaming service.[29]
Dorsey owns about 10% of Block, formerly known as Square, according to a February 2022 regulatory filing.
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