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REVENUE : US $ 10.6BN FY2022 EMPLOYEES : 2,400 CEO : JACK DORSEY ( CEO OF BLOCK ) FOUNDED : 2013

CEO , Block

Initially designed to simplify peer-topeer transactions , Cash App began as a straightforward solution with a singular focus . However , fast-forward to 2024 , it has transformed into a multifaceted financial platform catering to nearly 50 million active users , providing various services , such as Afterpay ( Clearpay ). Its most notable transformation is , indeed , its digital wallet Cash App Pay . Launched by Block , Cash App facilitates swift and convenient contactless payments for Cash App users . This method enables customers to make payments to merchants effortlessly by scanning a QR code , whether at physical locations or online . fintechmagazine . com 45