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Financial services and payment processing solutions
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Remote in USA
Block Inc. specializes in financial services, providing a range of products designed to support small businesses and individual users. Its main product, Square, offers point-of-sale systems and payment processing solutions that help businesses manage transactions efficiently. The Cash App allows users to send money to each other, invest in stocks and Bitcoin, and use a customizable debit card for purchases. Block is also venturing into the music streaming industry with TIDAL and is focused on enhancing Bitcoin's utility and security through projects like Spiral and a dedicated hardware wallet. What sets Block apart from its competitors is its diverse ecosystem that integrates various financial services, making it easier for users to manage their finances in one place. The company's goal is to create a seamless and comprehensive financial experience for both businesses and individuals.
Company Size
10,001+
Company Stage
IPO
Headquarters
Oakland, California
Founded
2009
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Remote Work Options
Health Insurance
Flexible Work Hours
Family Planning Benefits
Block said Thursday (March 13) that its industrial bank, Square Financial Services (SFS), received approval from the Federal Deposit Insurance Corp. (FDIC) to offer the company’s consumer loan product Cash App Borrow. SFS will begin servicing and originating Cash App Borrow loans nationwide in the coming weeks, replacing Block’s current external bank partner, Block said in a Thursday press release. Cash App Borrow provides small, short-term consumer loans — typically less than $100 and about one month in duration — to Cash App customers in a simple and accessible way that includes making payments within Cash App, according to the release
Another day, another push by cryptocurrency into mainstream financial services. BNY is reportedly handling additional services for the USDC stablecoin issuer Circle, while in Brazil, online-only bank Stark Bank is reportedly aiming to serve the country’s crypto startups. From Block and Strategy’s high-profile bitcoin holdings to small businesses testing stablecoin transactions, cryptocurrency is weaving its way into corporate finance, with digital assets now being integrated into corporate treasury strategies, cross-border transactions and payment processing
The stock is down significantly so far in 2025 as Block is facing a class-action lawsuit over allegations of compliance failures.
FinTechs — especially platforms — are capitalizing on the continued buildout of digital solutions and products, including cards, to give consumers an alternative to traditional banks. In doing so, and by offering a continuum of financial services, Block, Affirm, SoFi and PayPal, and are moving beyond the confines of commerce to become, in essence, banks themselves. The latest earnings reports from these firms underscore the increased use of cards, buy now, pay later (BNPL) and direct deposit activity tied to a single point of access (an app) that keeps customers transacting not only with merchants on the platforms, but off the platforms as well
Block is rolling out Afterpay on its Cash App card this week after a year of testing the buy now, pay later service.