Square Financial Services, Inc. Receives FDIC Approval to Offer Consumer Loan Product Cash App Borrow
DISTRIBUTED-WORK-MODEL/SAN FRANCISCO & SALT LAKE CITY, March 13, 2025--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.