Square Capital LLC processed more than $820 million in Small Business Administration (SBA) Paycheck Protection Program (PPP) forgivable loans in six weeks, the firm reported. The San Francisco-based division of Square Inc., the mobile payment company, said it provided a financial lifeline to more than 76,000 small...
Earnings season provides a wealth of data — of numbers and acronyms, a snapshot of balance sheet strengths or weaknesses. And often, drilling down into business segments and management commentary provides insight into just how we as a nation are faring, depending on where you...
Square Capital announced Monday (April 13) it’s the latest FinTech to participate in the federal Paycheck Protection Program (PPP). In a tweet, Square Capital Lead Jackie Reses announced the San Francisco-based company, which allows anyone to accept credit card payments using a smartphone or tablet, has...
Square has posted Q4 earnings results, showing continued evolution from the firm’s roots 11 years ago as a point-of-sale payments processor with on-site card readers toward — what management described as — an “ecosystem” tying sellers and consumers together across a digital platform that includes capital...
April 17, 2017
Big ideas often start by solving a seemingly small problem. In the case of Square — the payments innovator that launched hundreds of mPOS imitators — the small problem was $2,000 worth of handblown glass that artisan Jim McKelvey couldn’t close the deal and sell. Not because he didn’t have a buyer, but because his buyer didn’t […]
February 23, 2017
Square released its earnings yesterday, and it beat expectations on almost every metric, from revenues to gross transaction volumes to the bottom line itself. And among the standouts was Square...
November 02, 2016
It’s been nearly one year since Square IPO’d, and the market shrugged its collective shoulders. Yesterday’s earnings call showed a very different picture — one that had Square beating The...
August 04, 2016
With its stock value up 10 percent in after-hours trading – Square has managed to please investors with losses smaller than expected, growing payments volumes and continuing signs of strength emanating from its...
June 15, 2020
Square Capital LLC processed more than $820 million in Small Business Administration (SBA) Paycheck Protection Program (PPP) forgivable loans in six weeks, the firm reported. The San Francisco-based division of Square Inc., the mobile payment company, said it provided a financial lifeline to more than 76,000 small businesses. The average loan was less than $11,000, with 97 […]
April 13, 2020
Square Capital announced Monday (April 13) it’s the latest FinTech to participate in the federal Paycheck Protection Program (PPP). In a tweet, Square Capital Lead Jackie Reses announced the San Francisco-based...
April 21, 2019
Invoice2go and Square Capital announced late last week they inked a partnership in which Invoice2go customers can access funding from within the Invoice2go app. In a press release, the companies...
September 19, 2018
Square is in consideration of offering traditional banking services through its peer-to-peer (P2P) payment app. At Recode’s annual Code Commerce conference in New York on Tuesday (Sept. 18), Square Chief...
