Block, Inc. Surpasses $200 Billion in Credit Provided to Customers, Continuing to Address Global Lending Gaps
Block, Inc. Class A, (XYZ)
Company Research
Source: Business Wire
Milestone across Cash App Borrow, Afterpay, and Square Loans demonstrates that building products that serve the financial majority can create sustainable, profitable lending DISTRIBUTED-WORK-MODEL/OAKLAND, Calif.--(BUSINESS WIRE)--Block, Inc. (NYSE: XYZ) today announced it has provided access to more than $200 billion to customers in global lending across its portfolio of credit products, including Cash App Borrow, Afterpay, and Square Loans.1 Through this work, Block is proving that with the right technology, inclusive lending and responsible risk management aren't opposing forces; rather, they're the foundation of sustainable credit for the next generation. This work across Block’s ecosystem is only possible due to the strength of the company’s novel underwriting technology and customer-first product designs. In fact, since 2013 the company has maintained stable loss rates across all lending products despite exponential growth and changing macroenvironments.The milestone comes as
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