Block Analysis: $717M Raised
What is Block?
Technology for economic empowerment and access
Employees
10001+
Founded
2009
Industry
Payments
HQ Full Address
Oakland, California, United States
Latest Funding Round Size
$716.75M
Website Url
Product Features & Capabilities
- Square payment processing platform for businesses
- Cash App for peer-to-peer money transfers
- Afterpay for buy now, pay later services
- TIDAL for music streaming and artist support
- Bitkey for secure digital identity management.
How much Block raised
Funding Round - $716.75M
RecentCompetitors
Block's main competitors in the fintech space include:
- Stripe
- PayPal
- Adyen
- Braintree
- Global Payments
- Shift4 Payments
- Evertec
- SumUp
- River Financial
- Paysafe
Recent News
Recently, Block, Inc. has made headlines with two significant announcements:
1. Block has become the first company in North America to deploy the latest NVIDIA DGX SuperPOD with DGX GB200 systems, enhancing its capabilities in AI and machine learning.
2. Square Financial Services, Inc., a subsidiary of Block, received approval from the Federal Deposit Insurance Corporation (FDIC) to offer a new consumer loan product called Cash App Borrow, expanding its financial services.
1. Block has become the first company in North America to deploy the latest NVIDIA DGX SuperPOD with DGX GB200 systems, enhancing its capabilities in AI and machine learning.
2. Square Financial Services, Inc., a subsidiary of Block, received approval from the Federal Deposit Insurance Corporation (FDIC) to offer a new consumer loan product called Cash App Borrow, expanding its financial services.
