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Industries
Fintech
Financial Services
Company Size
5,001-10,000
Company Stage
IPO
Total Funding
$601.2M
Headquarters
San Francisco, California
Founded
2009
Square provides payment and point-of-sale (POS) solutions designed for businesses of all sizes, particularly small to medium-sized enterprises (SMEs) like retail stores, restaurants, and online merchants. Its main product is a POS system that includes hardware such as card readers and terminals, along with software that enables businesses to accept various payment methods, including credit cards, debit cards, and mobile payments. Square also offers additional services like invoicing, payroll management, and business analytics, allowing businesses to manage their operations more effectively. What sets Square apart from its competitors is its user-friendly interface and transparent fee structure, which charges a small fee for each transaction processed. This simplicity appeals to small business owners who value predictable costs. The goal of Square is to empower SMEs by providing them with the tools they need to streamline their sales and business management processes.
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Total Funding
$601.2M
Above
Industry Average
Funded Over
0 Rounds
Jack Dorsey creator, co-founder, and Chairman of Twitter and co-founder CEO of Square speaks on stage at the Bitcoin 2021 Convention, a crypto-currency conference held at the Mana Convention Center in Wynwood on June 04, 2021 in Miami, Florida.Joe Raedle | Getty ImagesBlock reported fourth-quarter results on Thursday that fell short of Wall Street expectations. The stock dropped more than 7% in extended trading.Here is how the company did, compared to analysts' consensus estimates from LSEG.Earnings per share: 71 cents, adjusted vs. 87 cents expectedRevenue: $6.03 billion vs. $6.29 billion expectedRevenue increased about 4.5% from $5.77 billion a year earlier.Block, formerly known as Square, posted $2.31 billion in gross profit, a 14% increase from $2.03 billion a year ago. The company, which was an early leader in providing point-of-sale systems for smaller businesses, faces increased competition from the likes of Toast and Fiserv's Clover unit. Gross payment volume came in at $61.95 billion, beating analysts' estimates of $61.3 billion, according to StreetAccount
For decades, payments infrastructure was largely controlled by major financial institutions and legacy processors, with limited flexibility for customization. However, the rise of open banking, cloud computing and API-first development has changed the equation. Payment platforms are now embracing API-first products and developer-friendly architectures, enabling independent software vendors (ISVs) to build on top of their infrastructure to create bespoke payment experiences. “Payments have eaten software,” Bryan Long, director of product management at North, told PYMNTS in an interview. “Anything you can think of, there is an app for it, and there are payments embedded within that app… In the past 15 years, ISVs have been experiencing an increasingly significant, new revenue stream thanks to embedded payments.”
By now, the story of the birth of the credit card has taken on the stuff of legend. The current state of that legend dates the key event to Feb. 8, 1950. That’s 75 years ago today. And here we are. Let’s first recount the legend
Square, Cash App and Visa partnered with New Orleans nonprofit organization Propeller to provide local food and beverage businesses with technology and support to help them succeed. The organizations teamed up to offer a first-of-its-kind event called “Feeding NOLA’s Future” and will continue with an initiative of the same name to support small businesses and expand access to technology, they said in a Tuesday (Feb. 4) press release. The event held Tuesday brought together 125 local food and beverage businesses, according to the release
Today, Square has announced the launch of its ‘Big In Restaurants’ campaign, demonstrating the company’s continued focus on the UK’s food and drink industry, for the year ahead. Square’s strategy centers on real life storytelling, putting the success of the businesses that use Square at the heart of the campaign and further reflecting Square’s purpose of economic empowerment for businesses of all types and sizes.The launch of the campaign features an array of businesses that use Square across the UK as well as a fresh slate of scripts, social assets, out-of-home placements and TV and radio advertisements that demonstrate how Square is partnering with businesses to solve industry challenges.Square’s ‘Big In Restaurants’ new script tells inspiring stories of UK restaurants while also demonstrating how Square helps them to succeed. One seller featured, Eko – a Nigerian Street Food Restaurant in Birmingham, said: “We opened three restaurants in a year thanks to Square.” Ezra and Gil, a multi-location coffee and food seller in Manchester, said: “With Square, we cut our queue times in half,” demonstrating the productivity potential through automation.The campaign messaging and thinking behind the name ‘Big In Restaurants’ demonstrates Square’s ‘big-time’ tools that seamlessly work together to solve ‘big-time’ restaurant challenges. For restaurant owners, this can be using online booking management systems to manage bookings more efficiently, incorporating tools to provide real-time order displays for kitchen staff, implementing order status availability for front-of-house staff to maximise customer efficiency, stock control systems, smart menus and the list goes on.Research into Square’s portfolio of sellers revealed that one of the biggest barriers to growing business and revenue is time, particularly in the hospitality industry. Most F&B businesses said that admin takes away the time they could be spending on improving their business. Big In Restaurants highlights how businesses can solve these challenges through technology, including insight-driven decision making with reporting tools, freeing up time and minimising mistakes with self-service products like Square Kiosk or seamlessly retaining and attracting new customers through loyalty and reward programs.“We are continuing to build on what’s been a strong performing campaign across all channels with the launch of our latest Big In Restaurants campaign,” said Visha Kudhail, Marketing Director at Square UK
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Industries
Fintech
Financial Services
Company Size
5,001-10,000
Company Stage
IPO
Total Funding
$601.2M
Headquarters
San Francisco, California
Founded
2009
Find jobs on Simplify and start your career today