Square reported earnings yesterday, reporting year over year gross payment volume of 25%, a figure they also delivered in the...
US fintech Square reported $16.4 billion in gross payment volume, a 32% gain from 2Q16, as the company attracted larger sellers and increased product usage through cross selling; revenue was $552 million, increasing 26% from 2Q16; earnings per share were $0.07, increasing from $0.02 in 2Q16; the firm's lending business, Square Capital, reported a 68% year over year increase in loan volume for the quarter. Source
Thousands of small businesses that are Square merchants are complaining that the company is holding back 20 to 30 percent...
When Square initially filed for an ILC charter there were many in fintech who though the payments firm was doomed...
Square’s stock is up over 200% in the past year; the run up occurred prior to news that the Square Cash app would allow users to buy and sell bitcoin; Square Cash had more than 7 million active users in December of last year; according to the Quartz article, the growth has also been fueled by recent bank partnerships; other successful lines of business include Square Capital which lent out $305 million to small businesses in the fourth quarter of 2017. Source
Global trading volume for stable coins jumped to $82bn in 2018, that is up from $12.5bn in 2017; in the...
StackSource has launched an online lending platform for commercial real estate; the company provides a marketplace for connecting owners and developers with banks and non-bank lenders for credit financing; the multi-lending platform connects borrowers with lenders through the StackSource proprietary lender database; StackSource was developed from the TechStar accelerator program and was founded by Tim Milazzo. Source
Writing in Forbes, Founder and CEO of the Financial Health Network, Jennifer Tescher discusses how stakeholder capitalism has helped to...
Standard Chartered has shared the brand name and identity along with the new website for Mox, their new digital bank;...
Starling Bank CEO Anne Boden was interviewed by AltFi to discuss the changes in financial services due to the current...