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Block Hits $200B Lending Milestone as Fintech Lender Defies Market Weakness

Block Hits $200B Lending Milestone as Fintech Lender Defies Market Weakness

Author:

Global Cryptocurrency

Published:

2026-01-21 12:52:02

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BTCCSquare news:

Block Inc. (XYZ) crossed $200 billion in cumulative loan originations through Cash App Borrow, Afterpay, and Square Loans since 2013. The fintech's proprietary underwriting system—using real-time behavioral data instead of traditional credit scoring—boosted Cash App Borrow approvals by 38% while maintaining loss rates.

Repayment metrics remain stellar: 97% for Cash App Borrow, 96% on-time payments for Afterpay, and sub-3% loss rates for Square Loans. Square Financial Services now handles all Cash App Borrow originations after facilitating $20 billion in loans.

Truist raised Block's price target to $72 ahead of earnings, though shares dipped 5% to $62.63 amid broader market declines. The stock edged up 0.3% in premarket trading Wednesday.

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