Peach Finance powers Square's new credit card

The integration allows Square sellers to manage their cash flow within the same platform they use for business operations.

Square’s credit card is designed to work within the company’s broader financial ecosystem, offering business owners a simple way to access and manage credit. By leveraging Peach Finance’s modern infrastructure, Square can scale its credit card programme while ensuring compliance and operational efficiency.

Peach Finance provides a ledger system that automates complex credit servicing processes, including grace periods, interest forgiveness, and compliant statement generation. This ensures accuracy in financial reporting and improves transparency for both Square and its customers.

Additionally, Peach’s APIs enable integration with Square’s front-end systems, ensuring real-time access to transaction data. The use of webhooks further improves operational efficiency by providing timely and auditable data feeds to Square’s internal teams.

Scalability and growth in financial services

Square’s credit card launch aligns with its ongoing efforts to provide innovative financial solutions for small and medium-sized businesses. By partnering with Peach Finance, Square can focus on expanding its product offerings while leveraging a scalable and enterprise-grade credit servicing infrastructure.

The small business credit market is experiencing significant growth, driven by increasing demand for digital-first lending solutions. According to the U.S. Small Business Administration (SBA), small businesses account for nearly 44% of the US GDP, yet many struggle with access to traditional bank loans due to stringent credit requirements and lengthy approval processes. Fintech lenders are filling this gap by leveraging AI-driven risk assessment, alternative data sources, and real-time underwriting to offer faster, more flexible financing options. As fintech companies continue to innovate, digital credit solutions are becoming a critical component of small business financial health, enabling faster access to working capital and more tailored lending products.

As Square Banking continues to grow, Peach Finance remains a key technology partner, supporting the company’s mission to better cash flow management for sellers. This collaboration highlights the increasing demand for modern, flexible financial technology solutions in the evolving digital payments landscape.