Block, Inc. (formerly Square, Inc.) is a U.S. public company founded by Jack Dorsey and Jim McKelvey in 2009. It is a financial technology conglomerate, serving 56 million users and 4 million businesses, with an annual payment processing volume of US$228 billion as of 2023. The company provides payment processing, point-of-sale solutions, and a range of financial services for small and medium-sized businesses, as well as consumer-focused services such as peer-to-peer transactions, direct deposits, investing in stocks and Bitcoin, and a buy now, pay later service.

Block

Block, Inc., together with its subsidiaries, creates tools that enables sellers to accept card payments and provides reporting and analytics, and next-day settlement. It provides hardware products, including Magstripe reader, which enables swiped transactions of magnetic stripe cards; Contactless and chip reader that accepts Europay, MasterCard, and Visa (EMV) chip cards and Near Field Communication payments; Square Stand, which enables an iPad to be used as a payment terminal or full point of sale solution; Square Register that combines its hardware, point-of-sale software, and payments technology; Square Terminal, a payments device and receipt printer to replace traditional keypad terminals, which accepts tap, dip, and swipe payments. The company also offers various software products, including Square Point of Sale; Square Appointments; Square for Retail; Square for Restaurants; Square Online and Square Online Checkout; Square Invoices; Square Virtual Terminal; Square Team Management; Square Contracts; Square Loyalty, Marketing, and Gift Cards; and Square Dashboard. In addition, it offers a developer platform, which includes application programming interfaces and software development kits. Further, the company provides Cash App, which enables to send, spend, and store money; and Weebly that offers customers website hosting and domain name registration solutions. It serves in the United States, Canada, Japan, Australia, Ireland, France, Spain, and the United Kingdom. The company was formerly known as Square, Inc. and changed its name to Block, Inc. in December 2021. Block, Inc. was incorporated in 2009 and is based in San Francisco, California.

Block, Inc.

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Block is one company built from many blocks, all united by the same purpose of economic empowerment. The blocks that form our foundational teams — People, Finance, Counsel, Hardware, Information Security, Platform Infrastructure Engineering, and more — provide support and guidance at the corporate level. They work across business groups and around the globe, spanning time zones and disciplines to develop inclusive People policies, forecast finances, give legal counsel, safeguard systems, nurture new initiatives, and more. Every challenge creates possibilities, and we need different perspectives to see them all. Bring yours to Block. 

Cota Capital

This week, we announced the Sustainable Banking Initiative, a $25 million investment to help decarbonize the economy and promote sustainability through community lending. We also published our first Commerce and Climate Survey, which includes responses from business owners and consumers. Read more by visiting Inside Block below.

Nicole Felix-Borders is the cofounder (along with her husband) of Pound Bizness LLC, a Bay Area–based small business that sells pound cakes. Nicole started her business by selling a handful of cakes at a church fundraiser, and now Pound Bizness is a vendor in Uptown Market on the ground floor of our Oakland office.

Below, Nicole discusses her first job, financial advice she’d give her younger self, how Pound Bizness got started, and the spirit of collaboration at Uptown Market.

It's awards season and Block was just recognized as the Atlanta Black Chambers (ABC) 2024 Corporate Partner of the Year! This partnership with ABC and the fantastic Melvin M. Coleman, MBA (ABC President & CEO) has been years in the making, built on the foundation of our shared purpose of economic empowerment. 

Huge thanks to Block's Head of Inclusion & Diversity Shawntee Reed for accepting this award on behalf of our company, everyone at Block and ABC that has supported this partnership over the years, and to our leaders in attendance: Anna Mitchell, Kayla Taylor, Shar Caesar Douglas, Shannon Rice, Sade Ayodele - Quinitchett, Latae Day, DeAndra R. White, and Aysia Sanders.

Here's to continuing the work of supporting entrepreneurs in Atlanta and across the globe in 2024. 🥂 

Partner Profiles, our new interview series, spotlights Block’s community partners and the work they do to increase access to the economy. In the first installment of the series, Carolyn “CJ” Johnson, the CEO of Black Cultural Zone, discusses her career, her organization’s collaboration with Block on Uptown Market in Oakland, and much more.

XYZ:BLOCK

Block, Inc.

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