Block (XYZ) Stock: Company Crosses $200 Billion in Total Lending Volume

TLDR Block hit $200 billion in total loans across Cash App Borrow, Afterpay, and Square Loans since launch Proprietary underwriting delivers 38% more approvals than traditional methods at identical loss rates Cash App Borrow posts 97% repayment rate, Afterpay 96% on-time payments, Square Loans under 3% losses Square Financial Services originated $20 billion and now [...]

The post Block (XYZ) Stock: Company Crosses $200 Billion in Total Lending Volume appeared first on Blockonomi.