Jackie Reses Discusses Square’s Lending Business

Speaking on CNBC with Jim Cramer on Mad Money, Reses shared that Square is capitalizing on the lack of access to traditional financing for small and medium sized businesses; in 2018 the company made around $472 million loans to 72,000 businesses, an increase of 55% from the prior year period; one of Square’s competitive advantages continues to be the access to data which come through their point of sale systems; CNBC shares the full video interview. Source