Square Financial Services, Inc. Receives FDIC Approval to Offer Consumer Loan Product Cash App Borrow
Block, Inc. Class A, (XYZ)
Company Research
Source: Business Wire
Square Financial Services, Inc. approved to offer Cash App Borrow to customers nationwideSquare Financial Services, Inc. will continue to offer loans and banking options for businesses through Square Loans and Square Savings DISTRIBUTED-WORK-MODEL/SAN FRANCISCO & SALT LAKE CITY--(BUSINESS WIRE)--Today, Block, Inc. (NYSE: XYZ) announced its industrial bank, Square Financial Services, Inc. (SFS), has received approval from the Federal Deposit Insurance Corporation (FDIC) to begin offering the consumer loan product Cash App Borrow. SFS is an independently governed subsidiary of Block, Inc., headquartered in Salt Lake City, Utah.The expansion of Square Financial Services, Inc. to offer small, easy-to-repay consumer loans to Cash App customers will continue to drive economic empowerment to consumers. Cash App Borrow is designed to provide short-term cash flow in a simple and accessible way when alternatives are notoriously expensive and difficult for consumers to navigate. The average C
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- Block (NYSE:XYZ) had its "buy" rating reaffirmed by analysts at Needham & Company LLC. They now have a $80.00 price target on the stock.MarketBeat
- Block (NYSE:XYZ) had its price target raised by analysts at Morgan Stanley from $71.00 to $72.00. They now have an "equal weight" rating on the stock.MarketBeat
XYZ
Earnings
- 11/6/25 - Beat
XYZ
Sec Filings
- 10/17/25 - Form D
- 10/16/25 - Form C-TR
- XYZ's page on the SEC website