Key Words: Square CFO: ‘We think we can go to the biggest businesses in the world’ [MarketWatch]
Block, Inc. Class A, (SQ)
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Source: MarketWatch
Square CFO: ‘We think we can go to the biggest businesses in the world’ Square Inc., the company once known for its small payment dongles, revealed big objectives at Recode’s Code Commerce event in New York on Tuesday. “We think we can go to the biggest businesses in the world,” Chief Financial Officer Sarah Friar said at the event. She explained that the company “doesn’t see a cap anymore” when it comes to merchant size and that Square SQ, +0.71% is currently working with well-known merchants in various capacities. See: Square announces new tools for its move upmarket VF Corp.’s VFC, +1.52% North Face, for instance, has used Square’s payment-processing capabilities at pop-up shops at ski resorts, which Friar said is made possible by the fact that the payments company has opened up its platform. Other big companies are doing even more of their sales on Square’s platform, according to Friar. “We have merchants that do $100 million-plus on Square today,” she said. Read: Square
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