Square's CFO on What's Driving the Company's Growth
Square’s focus on omni-channel retail has been its biggest growth driver, Chief Financial Officer Sarah Friar told Cheddar Wednesday.
“It’s really about helping entrepreneurs meet their buyers wherever they are...in the same way that big businesses are approaching it,” Friar said.
The payments processing platform beat revenue estimates in its Q4 earnings.
The company’s Cash app -- a Venmo-style money transfer app -- is also fueling its rapid growth with its 7 million monthly active users as of the last quarter.
“We find a lot of underbanked also using that,” added Friar. “That same theme of economic empowerment applies to individuals as well as to small businesses.”
Building on this theme of economic empowerment, the company recently launched a film series titled “For Every Kind of Dream,” which highlights small business owners around the U.S.
Their most recent film in the series focuses on SisterHearts -- a thrift store and organization that helps formerly incarcerated men and women transition back into society.
With inflation and prices still on the rise, it might be worth considering a carpool app. One of them, Singapore-based Ryde, just went public in the U.S.
Full Glass Wine Co., the company behind Bright Cellars, Wine Insiders, and Winc, knows you fell in love with home delivery during the pandemic – and it’s investing millions into making it even better.
It might sound counterintuitive, but the Fed cutting interest rates three times this year could cause inflation to spike and actually be worse for markets and the economy as a whole.
Imagine a world with just a handful of mediocre beer options. Terrible, right? That was the U.S. before the explosion of craft breweries, the Samuel Adams founder says.
March was a blockbuster month for jobs, with 303,000 new positions – and paired with slower wage growth, an economist and a portfolio manager agree this could be the ‘best of both worlds.’
