Square wants to get more leeway to lend with an industrial loan company license.
September 08, 2017 at 07:32 PM
1 minute read
Square Inc., best known for its portable credit card payment processor, has plans to become a bank.
The San Francisco-based payments company, co-founded by Twitter co-founder Jack Dorsey, announced its intent to apply for an industrial loan company license under the name Square Financial Services Inc., as reported by The Wall Street Journal earlier this week.
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