Alternative acquirers

Square's Jackie Reses, who led ILC bid and small-biz lending, steps down

10/05/20

Longtime finance entrepreneur Jackie Reses, who led Square Capital for the last five years, is leaving the company at the end of the month. Square has not yet named a successor.

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Square to invest $100 million in minority communities, entrepreneurs

09/24/20

Square is moving to help minority and underserved groups by investing $100 million in nonprofit financial institutions and Black-owned businesses.

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Square revenue rises even as coronavirus hurts seller volume

08/05/20

Square's gross payment volume tumbled by 15% year-over-year due to COVID-19’s impact, but revenue jumped as online selling rose, Cash App doubled in users and Square enabled almost $900 million in PPP loans.

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How Square turns unconventional credit data into loans for tiny businesses

11/22/19

The payments company has loaned $5.5 billion to 275,000 small businesses, thanks to a data-driven process free from human interaction.

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Kabbage gets into payments — and in Square and PayPal's face

10/24/19

The online platform lender Kabbage is making the move beyond just providing working capital loans to small businesses, putting it in direct competition with alternative acquirers and payment companies.

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Square's new debit card poses big threat to banks

01/17/19

Square's new card for business owners does something very bold with debit — and very troubling for banks.

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