Block (NYSE: XYZ) is a global financial technology company that offers an integrated suite of products and services designed to simplify commerce and financial transactions for businesses and individuals. Originally founded in 2009 as Square by Jack Dorsey and Jim McKelvey, the company rebranded to Block in December 2021 to reflect its evolution into a broader ecosystem spanning payments, point-of-sale hardware, peer-to-peer money transfers, and music streaming.
The company’s merchant services division provides small to medium-sized businesses with a range of hardware terminals, software solutions, and online payment processing tools. These offerings include the popular Square Reader, Square Terminal, and Square Register, each built to handle in-person card payments and integrate seamlessly with inventory management, invoicing, and customer relationship software. Block also services larger enterprises through its Seller ecosystem, enabling contactless and mobile payments across multiple channels.
In parallel, Block’s Cash App platform delivers peer-to-peer payments, direct deposit, and stock trading services to individual consumers. Cash App’s user-friendly interface allows customers to send and receive money instantly, invest in equities and Bitcoin, and access banking features such as debit cards and savings tools. This consumer-focused digital wallet has become a significant growth driver, particularly among younger demographics seeking alternative banking solutions.
Headquartered in San Francisco, California, Block operates in the United States, Canada, the United Kingdom, Australia, and Japan. Under the leadership of co-founder and CEO Jack Dorsey and supported by CFO Amrita Ahuja, the company continues to expand its ecosystem through strategic partnerships, acquisitions, and innovation in blockchain and cryptocurrency. Block’s commitment to financial inclusion and technological advancement positions it as a key player in the evolving landscape of fintech and digital commerce.