Square Capital may soon be available to non-Square merchants. The payments firm with the famous dongle just reported on a strong quarter and its lending product, Square Capital, played an important role in it. Square put out $189 million in capital on the quarter, an increase of 123% on the year,Read More
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An efficient and unique product distribution model is critical if you want to scale your business. This is evident in the small business online lending space. Why? Well, as competition increases in the sector within well-trodden distribution channels, two things happen: Customer Acquisition Costs (CAC) in popular channels will increaseRead More
Is it best to dip a toe in the water, or jump in for a cannonball? According to Square, a slow and constant march into the wading party beats both. The payments company announced today it would move beyond cash advances into a more general loan product. This may meanRead More
Mobile merchant Square has more than 2 million active sellers and is adding about 100,000 per quarter, according to CFO Sarah Friar. Square had a solid quarter and should break even by mid-2016, investors heard yesterday on the company’s earnings call. The company processed transactions worth $10.2 billion in 4Q, upRead More
With a number of other products and services geared towards helping small businesses, Square is developing many sources of potential revenue outside of payments.