Square

How Jack Dorsey's Square has succeeded where Twitter struggles

2016 Inc. 5000 Rank:
# 763
Leadership:
Jack Dorsey
2016 Revenue Revenue:
$1.7 Billion
Industry:
Financial Services
Location:
San FranciscoCA 
Founded:
2009
Employees:
1,282
Patent score:
106
 Photo Credit: Getty Images

It's easy to miss given all the trouble plaguing Jack Dorsey's other company, Twitter, but Square has had a remarkably good run of late. When Dorsey launched Square eight years ago with co-founder Jim McKelvey, the San Francisco company focused on selling credit card payment systems to small businesses. But now, Square's ever-popular gadget is just one of its many products. "Today, sellers come to Square for much more than payments and hardware," Dorsey told investors earlier this year.

Square is becoming, in other words, a one-stop shop for small businesses: You can get invoices and payroll services there, or even speedy cash through its lending program, Square Capital, which has extended $1.3 billion since its 2014 launch. And Square has even gotten into the on-demand food-delivery business by buying Caviar. New products launched since 2014 now account for a full quarter of the company's adjusted revenue. As John T. Williams, an analyst at Compass Point Research & Trading, puts it, "A lot of the business lines they've added tie in very nicely with Square's original product." --Victoria Finkle

 

Other Inc. Honors

2016

MORE COMPANY INFORMATION

Website:
squareup.com