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Square Launches Data Driven Cash Advances In The UK

1. Square launches Cash Advance in the UK, aiding business funding access. 2. Provides quick, no-interest funding, potentially boosting merchant operations.

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FAQ

Why Bullish?

The introduction of new financial products can enhance customer retention, as seen with Square's past innovations leading to stock price increases following similar announcements.

How important is it?

The new Cash Advance program could significantly increase Square's customer base and revenue, similar to how previous product launches have positively impacted the company's market position.

Why Short Term?

Immediate uptake by businesses will show results quickly in transaction volumes and revenue streams, affecting quarterly earnings.

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LONDON--(BUSINESS WIRE)--Square, the global technology company, has announced the launch of Square Cash Advance in the UK, meaning businesses can access simple funding to grow their business and keep operations running smoothly. Whether a restaurant owner, retail merchant or beauty salon, fast and easy access to funds helps sellers manage daily expenses without delay and with no interest – just a simple, upfront funding cost. "Square Cash Advance has transformed the way our business operates,".

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