Digital payments pioneer Square became Block to reflect its growing product offering

• Block Inc., formerly Square, Inc.Dealroom has a profile for this one. Try Dealroom →, is a financial services and mobile payment company co-founded by Jack Dorsey and Jim McKelvey (ex-Twitter).
• Back in 2009, Square shook the digital payments industry when it introduced a square-shaped card reader which, when connected to a mobile device, could serve as point of payment for small businesses to accept debit and credit card payments.
• As the company grew, so did its product and services offering, triggering a name change in December 2021, as Block Inc.
• The change reflected the company's venturing in blockchain technologies, and a growing range of financial services and products beyond the original payment platform, such as music streaming via its acquisition of TidalDealroom has a profile for this one. Try Dealroom → (founded by Jay-Z), a hardware wallet for bitcoin , Spiral (ex- Square Crypto), and Cash AppDealroom has a profile for this one. Try Dealroom →.
• Square remains Block's most popular and widely used product: as of 2023, Square reported 4 million merchant clients and an annual payment value of US$210 billion.

Name change press release here.

M.M., LGT

Picture: Square Inc.