Square Archives - CFO

Square to Buy Installment Lender Afterpay for $29B

Square to Buy Installment Lender Afterpay for $29B

The deal will create “a transactions giant that will battle banks and tech firms" in the fast-growing "buy now, pay later" market.

By Matthew Heller | August 2, 2021

Square Debuts Small Business Banking Platform

Credit & Capital

Square Debuts Small Business Banking Platform

The suite of financial products are designed to help small business owners manage their cash flow.

By Lauren Muskett | July 20, 2021

Square Building Fintech Company With ‘Primary Focus on Bitcoin’

Square Building Fintech Company With ‘Primary Focus on Bitcoin’

CEO Jack Dorsey said the business will be dedicated to “decentralized financial services” using bitcoin.

By Lauren Muskett | July 16, 2021

Square Commences Operations as an Industrial Bank

Credit & Capital

Square Commences Operations as an Industrial Bank

The fintech company's CFO Amrita Ahuja said bringing banking capability in-house will enable the company to “operate more nimbly.”

By Lauren Muskett | March 2, 2021

Square Analysts React to FDIC’s Conditional Banking License Approval

Credit & Capital

Square Analysts React to FDIC’s Conditional Banking License Approval

The fintech company began its bid for a banking charter over two years ago.

By Lauren Muskett | March 20, 2020

Activist Pushes for Removal of Twitter CEO

Activist Pushes for Removal of Twitter CEO

Twitter shares jumped on reports that Elliott Management is seeking to replace Jack Dorsey because he also runs Square.

By Matthew Heller | March 3, 2020

Square Shares Dip 6% on Weak Q1 Guidance

Financial Performance

Square Shares Dip 6% on Weak Q1 Guidance

Slower sales growth also weighed on the stock but "new products and services can provide a second wind to growth as the year progresses."

By Matthew Heller | February 28, 2019

Square Hires Blizzard’s Amrita Ahuja as CFO

Square Hires Blizzard’s Amrita Ahuja as CFO

“I believe Square is building the most innovative commerce ecosystem for sellers and consumers," Ahuja says.

By Matthew Heller | January 4, 2019

Square Refiles Application for Bank Charter

Risk & Compliance

Square Refiles Application for Bank Charter

An industrial loan charter would enable Square to provide loans and other financial services directly to merchants.

By Matthew Heller | December 20, 2018

Square CFO Friar Moves to Nextdoor’s Top Job

Square CFO Friar Moves to Nextdoor’s Top Job

Sarah Friar's six years at Square included an IPO — an experience she may repeat as CEO of social network Nextdoor.

By Matthew Heller | October 11, 2018

New York Grants BitLicense to Square

Risk & Compliance

New York Grants BitLicense to Square

Twitter CEO Jack Dorsey, who founded the company, said he was a "huge fan" of bitcoin but the move was contentious internally.

By William Sprouse | June 18, 2018

Square Revenue Jumps 33% to $585 Million

Financial Performance

Square Revenue Jumps 33% to $585 Million

The payments company's top-line growth was driven by a 31% increase in gross payment volume to $17.4 billion.

By Matthew Heller | November 9, 2017

Square Applies for Charter to Form Bank

Square Applies for Charter to Form Bank

The payments firm wants to offer a one-stop shop for financial needs by operating Square Financial Services under an industrial loan company charter.

By Matthew Heller | September 13, 2017

Square Stock up 8% on News of Visa’s Stake

Square Stock up 8% on News of Visa’s Stake

The disclosure of the size of Visa's 2011 investment fuels speculation about its plans with the mobile payments startup.

By Matthew Heller | February 16, 2016

Square Posts Largest Quarterly Loss Since 2014

Square Posts Largest Quarterly Loss Since 2014

The payments startup, about to go on its IPO roadshow, says it lost $59.3 million in the third quarter.

By Katie Kuehner-Hebert | October 27, 2015