About Block (Square)
Block Inc., formerly Square, is a global technology company focused on financial services and digital payments. Founded in 2009 by Jack Dorsey and Jim McKelvey, Block has built a comprehensive ecosystem of financial tools for businesses and consumers.
Square Ecosystem
Square provides payment processing hardware and software for businesses of all sizes, including Square Reader, Square Terminal, Square Stand, and Square Register. Square POS and Square Online enable omnichannel commerce. Square Banking offers business checking, savings, and lending services.
Cash App
Cash App is a peer-to-peer payment platform with over 50 million monthly active users. Features include direct deposit, Bitcoin and stock investing, Cash App Borrow, and Cash App Card. Cash App has become one of the most popular financial apps in the US.
Other Businesses
Block owns Tidal (music streaming service), Afterpay (buy now pay later), and TBD (decentralized finance platform). The company is also developing Spiral (Bitcoin-focused initiatives) and has invested significantly in cryptocurrency and blockchain technology.
Financial Performance
Block reported $24.3 billion in revenue for 2024, driven by strong growth in Cash App and Square ecosystem. The company processes over $200 billion in annual payment volume.
Leadership
Jack Dorsey, co-founder and CEO, also co-founded Twitter (now X). He has led Block's vision of economic empowerment and financial inclusion since its founding in 2009.