About the Company

Block, Inc. (formerly Square, Inc.) is an American technology company offering financial services to consumers and businesses. Founded in 2009 by Jack Dorsey, it leads the U.S. point-of-sale systems market. As of 2023, Block serves 56 million users and 4 million businesses, processing $228 billion in payments annually. Block's inaugural product Square, launched in 2009, is a point-of-sale system. It allows businesses to accept card payments and manage various operations, including bookings, e-Commerce, inventory, payroll, shift scheduling, banking, and obtaining business loans. Additionally, Block's portfolio includes Cash App, a consumer-focused digital wallet service introduced in 2013. This service allows users to send, receive or save money, access a debit card, invest in stocks and bitcoin, apply for personal loans, and file taxes. Block also owns Afterpay, a buy now, pay later service; TBD, a decentralized platform targeting bitcoin and decentralized finance; Bitkey, a self-custody bitcoin wallet service; and Tidal, a music streaming service.

Sector

Technology

Industry

Services-Prepackaged Software

Employees

5583

Exchange

NYSE