Block
Block66
About
What does Block do?
Block, Inc. is a financial services and digital payments company. It operates through several segments, including Square, Cash App, Bitcoin, and Tidal. Square provides a suite of business tools for sellers, while Cash App is a peer-to-peer payment service. Bitcoin allows customers to buy, sell, and hold Bitcoin, and Tidal is a music and entertainment streaming service. (formerly ["Square, Inc."].)
What is Block's revenue?
StartupHub estimates Block's annual revenue at $413K (range $217K to $1.1M, 66% confidence), based on comparable companies in the sector.
What is Block's valuation?
StartupHub estimates Block's effective valuation at $67.5M (range $67.5M to $330.7B, 57% confidence), based on comparable companies in the sector.
How much funding has Block raised?
Block has raised a total of $10M in funding. The most recent round on record is Seed.
Where is Block headquartered?
Block is headquartered in San Francisco, California, USA.
When was Block founded?
Block was founded in 2009.
What industry does Block operate in?
Block operates in Fintech, Payments, Financial Services, Digital Payments, Embedded Finance, Neobank.
How many employees does Block have?
Block has approximately 2 people on record.
PayPal and its subsidiary Venmo directly compete with Block's Cash App in peer-to-peer payments and digital wallet services.
Fiserv's Clover competes with Block's Square ecosystem by offering point-of-sale systems and business tools for merchants.
Affirm competes with Block's Afterpay in the buy now, pay later (BNPL) market, offering installment payment options to consumers.
Global Payments offers payment processing software and services that compete with Block's Square for merchant payment solutions.
Spotify competes with Block's Tidal in the music streaming service market, vying for subscribers and artist content.
Restaurants often require integrated point-of-sale systems, inventory management, and payment processing, which are core offerings of Block's Square platform.
Retail boutiques need efficient payment acceptance, e-commerce integration, and tools for managing sales and customer data, all provided by Block's Square.
Freelancers need simple ways to send invoices, accept payments, and manage their finances, which Cash App for Business or Square Invoices could facilitate.
New e-commerce businesses require scalable payment gateways, online store builders, and inventory management, which Block's Square Online and payment solutions offer.
Service providers need mobile payment solutions and appointment booking features, which Square's ecosystem can provide for on-the-go transactions.
Buyer fit inferred by StartupHub from what Block sells and public signals about each company. Only rows badged "already a customer" are confirmed relationships.
Apple could acquire Block to significantly expand its presence in financial services, particularly in peer-to-peer payments and merchant solutions, complementing Apple Pay and Apple Cash.
JPMorgan Chase could acquire Block to enhance its digital payment offerings and gain a stronger foothold in the small business and consumer fintech markets, leveraging Block's established user base and technology.
Precedent: Acquired WePay, 2017
Shopify could integrate Block's Square ecosystem to offer a more comprehensive suite of in-person and online payment processing and business management tools to its e-commerce merchants.
Intuit could acquire Block to broaden its financial management and payment processing solutions for small businesses, integrating Block's Square and Cash App into its QuickBooks ecosystem.
Precedent: Acquired Mailchimp, 2021
Strategic fit inferred by StartupHub from each buyer's own acquisition history. No deal, approach or discussion is implied.
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An entrant is a company tagged Payments whose domain was first registered in the window, counted from registry records in the StartupHub directory. 9 of them registered in the last 30 days. Registry detection runs two to three weeks behind registration, so recent weeks are a floor.
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