Square Launches Square Banking | Financial Buzz

Square Launches Square Banking

Square, Inc. (NYSE: SQ) launched Square Banking, financial products built to aid small business owners to manage their cash flow and get more bang for their buck.  Square Financial Services represents the company’s continued effort to expand access to financial tools for underbanked populations and marks the beginning of the company’s journey to provide more banking solutions to small businesses.  “Small businesses are the heartbeat of our communities and our economy. From our earliest days, Square has focused on building easy-to-use tools and services to empower entrepreneurs to succeed on their own terms,” said Christina Riechers, Square Banking’s Head of Product. “Historically, small businesses have had to contend with numerous hurdles while trying to access vital financial services that are often readily available to larger companies. With Square Banking, we’ve reimagined the financial system for small business owners with their cash flow needs at the center. We’re introducing fair, accessible financial services that connect directly with our sellers’ payments, helping them unlock instant access to their sales, automate their savings, and receive personalized financing offerings.”

“Cash flow is always top of mind as a small business owner, but one of the big learnings from the last year and a half is how important it is to think about my finances in the longer term, whether that’s a few weeks from now or a few months,” said Susan Kinser, owner of Troy, Ohio-based Wagmore Pet Salon. “Square Savings is great because in the background, it’s helping me prepare for the future while leaving me free to focus on the day-to-day needs of my business.”

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