‘With Square Banking, we’ve reimagined the financial system for small business owners’: Square launches Square Banking
- Square received an industrial bank charter.
- Now the financial technology firm has released a suite of saving, payments, money movement, and financing products.
On the heels of receiving an industrial banking charter in March, Square has released a suite of financial tools for small businesses. With Square Banking, SMBs can better manage their cash flow, getting savings, checking and financing in one integrated account.
Square Banking ties 3 products together
With its buyer ecosystem around the Cash App, Square provides access to financial tools for underbanked populations. Square Banking marks the beginnings of the company’s journey to provide more banking solutions to small businesses.
“With Square Banking, we’ve reimagined the financial system for small business owners with their cash flow needs at the center,” said Christina Riechers, Square Banking’s Head of Product. “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.”
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