Cash App is owned by Block, Inc., formerly known as Square, Inc., which is a financial services and mobile payment company based in San Francisco, California. Block, Inc. was co-founded in 2009 by Jack Dorsey, who is also a co-founder of Twitter, and Jim McKelvey. The company was rebranded from Square, Inc. to Block, Inc. in December 2021 to reflect its growth beyond its original Square product and to signify a broader focus on blockchain technology, among other areas.

Cash App was launched in October 2013, originally under the name "Square Cash," as a simple, mobile-first solution for individuals to send and receive money electronically. Since its inception, Cash App has expanded its offerings significantly. Beyond peer-to-peer money transfer, it now includes features such as a debit card known as the Cash Card, direct deposit, ACH payments, bitcoin trading, and stock investments, making it a comprehensive financial platform for its users.

The rebranding of Square, Inc. to Block, Inc. signals a strategic move to diversify the company's portfolio and emphasize its focus on technologies like blockchain. Despite the change in corporate identity, Cash App continues to operate under its well-known brand name, maintaining its identity and services within the larger ecosystem of Block, Inc.'s offerings.

Under the leadership of Jack Dorsey and with a strong emphasis on innovation, Block, Inc. aims to make financial transactions more accessible, inclusive, and straightforward for individuals and businesses worldwide. Cash App, as a key product of Block, Inc., plays a crucial role in achieving this vision, catering to a wide range of financial needs for millions of users globally.

Who is Cash App owned by?

Cash App is owned by Block, Inc., a technology company that focuses on financial services and mobile payment solutions. Block, Inc., formerly known as Square, Inc., was co-founded by Jack Dorsey, also the co-founder of Twitter, and Jim McKelvey in 2009. The company underwent a rebranding in December 2021 to better reflect its expanded focus beyond the Square payment system, embracing blockchain technology and other financial services innovations. Cash App, one of Block's premier products, was launched in October 2013 and has grown significantly, offering a wide range of financial services, including peer-to-peer money transfers, a debit card (Cash Card), investments, and Bitcoin trading.

What banks own Cash App?

Cash App does not have a direct banking owner; instead, it operates under Block, Inc., a financial technology company. However, it partners with banks to offer its financial products. For instance, Cash App's banking services for direct deposits and the issuance of its Cash Card debit card are facilitated through partnerships with licensed banks. Sutton Bank, for example, is known to issue the Cash Card, while Lincoln Savings Bank handles direct deposits for Cash App. These partnerships allow Cash App to provide FDIC-insured banking services to its users without being a bank itself.

Who just bought Cash App?

As of my last update, there hasn't been a change in the ownership of Cash App; it remains a key product under Block, Inc. There are often rumors and speculations in the fast-moving financial technology sector, but any significant ownership change would be widely reported in financial news outlets. Block, Inc. continues to invest in and expand Cash App's services, maintaining its position as a leading platform in the mobile payment and financial services market.

Who owns this Cash App account?

Ownership of a Cash App account is determined by the individual or entity that registered the account. When setting up a Cash App account, users provide personal information, such as their name, date of birth, and, in some cases, the last four digits of their Social Security number, to verify their identity. This information ties the account to a specific user. For security and privacy reasons, Cash App does not publicly disclose account ownership details. If there's a dispute or concern over the ownership of a Cash App account, the involved parties may need to contact Cash App support directly for resolution, following the platform's policies and procedures for such matters.