Square Card Launches in Canada to Address Small Businesses’ Major Pain Point: Cash Flow

TORONTO–(BUSINESS WIRE)–Today, Square announced the launch of Square Card in Canada to address one of the biggest challenges small businesses face: managing their cash flow. The announcement marks a milestone in Square’s goal of expanding financial access in Canada — its second largest international market — and better positions the company to serve the needs of business owners across the country.

“We’ve heard, time and time again, that cash flow is a major pain point for Canadian businesses. Often, it’s the reason they continue accepting cash, despite it being time-consuming and costly to manage,” said Christina Riechers, Head of Product, Business Banking at Square. “Businesses should be able to access their money as soon as they make a sale, and we’re proud to bring that experience to sellers across Canada.”

Square Card is a business expense card that gives owners instant access to the money they have processed…

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