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Why Payments Company Square Owns Food Deliverer Caviar
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Why Payments Company Square Owns Food Deliverer Caviar

Why Payments Company Square Owns Food Deliverer Caviar

Fintech Nexus Staff·
FintechNews RoundupUSA
·Nov. 3, 2016·1 min read

Square’s CEO, Jack Dorsey, explained on this week’s earnings call why he puts its subsidiary, Caviar, on a silver platter; Square’s payment-handling service is used by many restaurants, while Caviar’s food delivery-enabling platform allows those restaurants to reach a customer base eating at home; the key for Dorsey is cross-selling services that grow their customers’ businesses, even if the synergies aren’t apparent at first bite; on CNBC’s Squawk Box the day after the earnings call, CTO Sarah Friar said that Square has been “executing on all cylinders.”  Source

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