Search Results for "Block Inc."
2 results for "Block Inc."
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Square Beta Tests Credit Card Product for Sellers via Block
Square, a subsidiary of Block Inc., began testing a credit card product aimed at its merchant sellers, expanding its embedded finance offering beyond payments into lending. The product is developed in partnership with American Express. This represents Square's deepening push into embedded financial services for SMEs.
Block Closes $29B Afterpay Acquisition, Rolls Out BNPL to Square Sellers
Block Inc. (Square's parent company) completed its $29 billion acquisition of Afterpay on January 31, 2022, and began rolling out BNPL integration to Square Online sellers in the U.S. and Australia on February 1. The deal embeds buy now, pay later functionality directly into Square's merchant ecosystem and Cash App. This positions Block as a major player in embedded consumer finance at the point of sale.