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← Embedded Finance Index 2026/Vendor

Square

Provider
PSP

Embedded-finance provider tracked in the Embedded Finance Index — disclosed by 34 companies across 1 category.

square.com ↗Also analysed as a company — its own stack →Open Banking Tracker profile ↗
CategoriesPSP
Rank#14 of 528 in PSP
Buyers34 companies
HeadquartersSan Francisco, California, USA
Founded2009
FoundersJack Dorsey, Jim McKelvey
RaisedPost-IPO (NYSE: SQ, now Block Inc.)
OwnerBlock
RegulatoryApplication filed · National trust bank

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Founders & story · from Square’s own dossier

Square launched in 2009 as a card-reader hardware company democratizing payment acceptance for micro and small businesses. Over a decade it evolved into a full financial operating system for SMBs — layering in payroll, banking (checking, savings), lending, and corporate card products, culminating in the 2021 launch of its own FDIC-insured bank, Square Financial Services, Inc. The 2021 rename to Block Inc. at the parent level separated the Square SMB brand from Cash App (consumer) and other ventures. The embedded finance strategy is now deeply vertical: Square underwrites loans using its own transaction data, issues checking accounts through its own bank charter, and embeds payroll/retirement/tax services directly into the seller dashboard.

Latest round: Post-IPO Debt
Recent developments
  • 2026-03Square announced expansion of its Square Loans program with ML-powered underwriting, citing $32B+ originated since 2014. source ↗
  • 2026-04Square updated Payment Terms for UK (Squareup Europe Limited), effective April/June 2026. source ↗
Acquisitions
Afterpay2022
Completed its ~$29B all-stock acquisition of the Australian BNPL lender, integrating installment lending into Square and Cash App.
TIDAL2021
Acquired a majority stake in the artist-owned music streaming service for ~$297M — its first move beyond payments.
Verse2020
Acquired the Spanish P2P mobile payments app to bolster Cash App's money-transfer capabilities in Europe.
Credit Karma Tax2020
Cash App acquired the free tax-filing service for $50M, relaunched as Cash App Taxes.
Stitch Labs2020
Acquired the commerce-operations/inventory platform to strengthen Seller tools for growing merchants.
Dessa2020
Acquired the Toronto deep-learning/AI company to build ML capabilities across Cash App and its products.
Eloquent Labs2019
Acquired the AI startup focused on automating customer-service interactions.
Weebly2018
Acquired the website-building and e-commerce platform for ~$365M to give sellers online-store tools.
Full dossier: Square’s own stack, layer by layer →
Ownership
Part of Block.
Charter application · Application filed
Builders Bank & Trust, N.A. · National trust bank · OCC · Sioux Falls, SD · filed 2026-09-04.
Application filed · filed 2026-09-04
Uninsured, non-depository trust bank for bitcoin and digital-asset custody, riskless-principal execution and stablecoin settlement — a second charter alongside Square Financial Services (Utah ILC), replacing 50+ state MTL and virtual-currency licences. Announced 2026-09-08.
source ↗
Who uses Square
34 companies disclose Square in their stack
ZenMaidBooking NinjasJustttheCutGymMasterKnowifyvcitaShowpassDrChronoTripleseatSprout StudioYouLi - Destination Event Travel Planning+22 more
Buyer mix · 34 of 34 classified
Vertical SaaS / Healthcare · 3Vertical SaaS / Photography · 3Horizontal SaaS / Accounting · 2Infrastructure / Payments · 2Vertical SaaS / Events & Ticketing · 2Vertical SaaS / Restaurants · 2F&B / Global QSR · 1Horizontal SaaS / Document Automation & eSignature · 1
US · 22APAC · 3Canada · 3UK · 3MENA · 2EU · 1
What the disclosures say
ZenMaid
“get.zenmaid.com/credit-card-processing states 'Built for Stripe and Square...”
Booking Ninjas
“https://www.bookingninjas.com/features/integrations/payment-processor lists Stripe, PayPal, Square, Authorize.net, Braintree, Adyen, and Worldpay as supported payment-processor integrations connected to the Salesforce-native PMS.”
View source · bookingninjas.com ↗
theCut
“Privacy Policy explicitly names Stripe, Square, and PayPal as payment processors.”
GymMaster
“Dedicated billing-provider pages exist for Stripe, Braintree (PayPal), Paystack, plus a GoCardless setup guide and Square integration mentioned in v1160 release notes.”
Knowify
“Knowify's payment processing page names QuickBooks Payments and Square as the two payment processor options for U.S./Canada users; a resource page describes an earlier integration with PaySimple for ACH/credit card.”
vcita
“vcita help center describes 'Payments by inTandem' as a fully integrated payment solution (native gateway) and lists Stripe, PayPal, Square, Venmo as connectable payment processors.”
The complete buyer list and each company’s full embedded-finance stack are in the Embedded Finance Index report. Represent Square? Claim this profile above to unlock your own full list.
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What Square runs on · from its own dossier
The third-party providers Square itself discloses, layer by layer — the vendor as a buyer. Distinct from the companies above that disclose Square.
Sponsor Bank
Sutton Bank
Payroll
Check
Crypto / Stablecoin
Square Bitcoin
Open Banking
PlaidSalt Edge
Full dossier with evidence for each layer →
Alternatives to Square

Other PSP providers in the index, by the number of companies that disclose them. A count of public disclosures, not a ranking of the products.

Stripe782 buyers →Adyen317 buyers →PayPal153 buyers →checkout.com114 buyers →worldpay88 buyers →Mollie63 buyers →Braintree57 buyers →Pix50 buyers →
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Ranked #14 of 528 in PSP — Embedded Finance Index 2026
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<a href="https://www.embeddedfinanceindex.com/vendors/square?ref=badge">
  <img src="https://www.embeddedfinanceindex.com/api/badge/square.svg"
       alt="Ranked #14 of 528 in PSP — Embedded Finance Index 2026">
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Square — frequently asked

Which companies use Square?

34 companies are linked to Square in the Embedded Finance Index 2026, through their own public disclosures or Square's published customer list, including ZenMaid, Booking Ninjas, Justt, theCut, GymMaster, Knowify, vcita, Showpass, DrChrono, Tripleseat and 2 others.

What does Square do?

Square is an embedded-finance provider in PSP. It ranks #14 of 528 PSP providers by linked companies.

Is Square a bank?

Square has applied for a national trust bank charter for Builders Bank & Trust, N.A. with the OCC. Status: application filed (2026-09-04).

Who owns Square?

Square is part of Block.

What are the alternatives to Square?

The most-named PSP alternatives to Square are Stripe (782 buyers), Adyen (317 buyers), PayPal (153 buyers), checkout.com (114 buyers), worldpay (88 buyers) and Mollie (63 buyers).

Who founded Square?

Square was founded by Jack Dorsey and Jim McKelvey and is founded in 2009, headquartered in San Francisco, California, USA.

How much funding has Square raised?

Square has raised Post-IPO (NYSE: SQ, now Block Inc.) in total.

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