Square's embedded-finance stack

“Can Square become the complete financial OS for small and medium businesses by owning the full stack — payments, banking, lending, payroll, and tax — on a single vertically integrated platform?”

9 layers disclosed

Payments / PSP
Square Payments (self-operated)
Banking / BaaS
In the Index's full report
Card issuing
In the Index's full report
Lending
In the Index's full report
Payroll
In the Index's full report
Open banking
In the Index's full report
Sponsor bank
Sutton Bank
Crypto
In the Index's full report
Accounting
In the Index's full report

16 more providers across 7 layers are in the Index's full report.

Full profile on the Embedded Finance Index ↗

Square as a provider

#12 of 530 in PSP

34 companies disclose it as a provider, including:

Vendor profile on the Embedded Finance Index ↗

Who uses Square

34 companies disclose Square in their embedded-finance stack, ranking it #12 of 530 in PSP.

By segment

  • Vertical SaaS74%
  • Horizontal SaaS18%
  • Other9%

By region

  • US22
  • APAC3
  • Canada3
  • UK3
  • Other3

Used for

  • PSP34

Often used alongside

  • Stripe 80%
  • PayPal 40%
  • Authorize.net 25%
  • Adyen 15%
  • Stripe Connect 15%
  • Braintree 10%
  • GoCardless 10%
  • Plaid 10%

Share of Square's customers that also disclose each provider.

See all 34 customers on the Embedded Finance Index ↗

From the Embedded Finance Index, which maps the providers behind each company's embedded-finance products from public disclosures.

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