Every benefit we offer is designed with one goal: empowering you to do the best work of your career while building the life you want. Remote work, medical insurance, flexible time off, retirement savings plans, and modern family planning are just some of our offering. Check out our other benefits at Block.
\nBlock, Inc. (NYSE: XYZ) builds technology to increase access to the global economy. Each of our brands unlocks different aspects of the economy for more people. Square makes commerce and financial services accessible to sellers. Cash App is the easy way to spend, send, and store money. Afterpay is transforming the way customers manage their spending over time. TIDAL is a music platform that empowers artists to thrive as entrepreneurs. Bitkey is a simple self-custody wallet built for bitcoin. Proto is a suite of bitcoin mining products and services. Together, we’re helping build a financial system that is open to everyone.
\nFull-Time
Confirmed live in the last 24 hours
Financial services and payment processing solutions
No salary listed
Senior
Melbourne VIC, Australia
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Block Inc. focuses on providing financial services through a variety of products designed for both small businesses and individual users. Its main product, Square, offers tools for point-of-sale systems and payment processing, making it easier for small businesses to manage transactions. The Cash App allows users to send money to each other, invest in stocks, and buy Bitcoin, all while providing a customizable debit card for spending. Block is also entering the music streaming industry with TIDAL and is working 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 wide range of integrated services that cater to both businesses and consumers, creating a comprehensive financial ecosystem. The company's goal is to simplify financial transactions and expand access to financial services for everyone.
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
Fintech company Block has announced its plans to provide its Cash App solution as a banking option for US consumers. Through this move, Block aims to place Cash App, which, according to the company, has 57 million active users, as a banking option for households across the US. The app provides high-yield savings accounts, debit cards, short-term lending, and BNPL options through Afterpay. Additionally, 2.5 million users deposit their paychecks directly into Cash App, with Block mentioning a 25% year-over-year expansion.However, converting Cash App’s active users into banking customers could pose difficulties for Block, as, despite expansion in services, the company’s stock is witnessing a 32% year-to-date drop. Commenting on the news, representatives from Block mentioned that their company’s objective is to evolve from a peer-to-peer payment app to a full-service banking platform that could serve the needs, demands, and preferences of users. Furthermore, through Cash App, Block intends to provide services to a wider range of individuals, including those who typically do not have access to the financial system. With the mobile platform, the company seeks to facilitate access to core money management tools and allow optimal spending, savings, borrowing, and investing
Block’s Cash App is reportedly making progress in its efforts to offer banking services to customers who mostly use the app to make payments. The number of the app’s users who have their paychecks directly deposited into their Cash App account rose by 25% year over year to reach 2.5 million in December, Bloomberg reported Thursday (April 3). This is a key metric because those who have set up direct deposit are most likely to use the company’s other banking services, according to the report
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