Block Inc. Company Analysis: Leading Innovation in Fintech
1. What is Block Inc.? Block Inc. (formerly Square) was founded in 2009 by Jack Dorsey and Jim McKelvey as a fintech company focused on payment processing, financial services, cryptocurrency, and small business support . In 2021, the company rebranded from Square to Block , reflecting its expansion beyond digital payments into blockchain, cryptocurrency, and broader financial services. It now operates actively in multiple countries, providing innovative fintech solutions. 2. Core Business & Technology of Block 1) Square: Payment Solutions for Small Businesses Point of Sale (POS) system supports credit card and mobile payments Provides business loans and financial management tools for small businesses A key payment partner for small and medium enterprises (SMEs) in the U.S. 2) Cash App: Personal Finance & Cryptocurrency Services Originally a peer-to-peer (P2P) money transfer app , now expanded to stock and Bitcoin trading, debit card issuance, and microloans Popular a...