Business
Block, Inc. Surpasses $200 Billion in Credit Provided to Customers, Continuing to Address Global Lending Gaps
DISTRIBUTED-WORK-MODEL/OAKLAND, Calif., January 20, 2026--Block, Inc. (NYSE: XYZ) today announced it has provided access to more than $200 billion to customers in global lending across its portfolio of credit products, including Cash App Borrow, Afterpay, and Square Loans.1 Through this work, Block is proving that with the right technology, inclusive lending and responsible risk management aren't opposing forces; rather, they're the foundation of sustainable credit for the next generation. This
About this update from Block, Inc.
[{"type":"text","content":"Milestone across Cash App Borrow, Afterpay, and Square Loans demonstrates that building products that serve the financial majority can create sustainable, profitable lending","length":173,"tagName":"p","attribs":{}},{"type":"text","content":"DISTRIBUTED-WORK-MODEL/OAKLAND, Calif., January 20, 2026--(BUSINESS WIRE)--Block, Inc. (NYSE: XYZ) today announced it has provided access to more than $200 billion to customers in global lending across its portfolio of credit products, including Cash App Borrow, Afterpay, and Square Loans.1 Through this work, Block is proving that with the right technology, inclusive lending and responsible risk management aren't opposing forces; rather, they're the foundation of sustainable credit for the next generation. This work across Block’s ecosystem is only possible due to the strength of the company’s novel underwriting technology and customer-first product designs. In fact, since 2013 the company has maintained stable loss rates across all lending products despite exponential growth and changing macroenvironments.","length":826,"tagName":"p"},{"type":"text","content":"The milestone comes as traditional credit systems face a legitimacy crisis, with nearly 100 million Americans excluded from affordable credit by backward-looking scoring models built on delayed data that no longer reflects how people actually manage their money. Traditional underwriting, with its incomplete view on real financial behavior, penalizes exactly the customers who demonstrate strong repayment behavior in Block's ecosystem. Meanwhile, Gen Z, who is expected to comprise 30% of the workforce by 2030, increasingly rejects traditional credit products, with 48% without credit cards and 68% reporting anxiety from credit card bills.","length":647,"tagName":"p"},{"type":"text","content":"Redefining Credit Through Near Real-Time Data","length":45,"tagName":"p"},{"type":"text","content":"Block's credit infrastructure uses near real-time behavioral data instead of delayed credit bureau reports. For example, Cash App analyzes earning, saving, spending, and repayment patterns across its 58 million monthly actives to generate an internal Cash App Score for each customer. This approach has enabled 38% more Cash App Borrow loan approvals at the same loss rates compared to traditional credit underwriting, demonstrating that o...