What's Happening?
Block Inc., the parent company of Square, has been ranked ninth in FinTech Magazine's Top 100 FinTech Companies list. Founded by Jack Dorsey in 2009, Square has expanded its reach across commerce and cryptocurrency sectors, serving 4 million merchants
and 57 million users. The company processed $209.6 billion in payments as of 2023. Block Inc. rebranded from Square, Inc. to Block, Inc. in December 2021 and changed its ticker symbol from SQ to XYZ in January 2025. In July 2025, Block joined the S&P 500.
Why It's Important?
Square's recognition in the Top 100 FinTech Companies highlights its significant impact on the ecommerce and cryptocurrency sectors. The company's innovative approach to payments and its expansion into new markets have solidified its position as a leader in the fintech industry. The rebranding to Block Inc. and its inclusion in the S&P 500 reflect its strategic growth and adaptation to changing market dynamics. This recognition underscores Square's role in shaping the future of digital payments and its influence on global commerce.
