Block (XYZ) said Tuesday that it has provided access to more than $200 billion to customers through its portfolio of credit products, including Cash App Borrow, Afterpay, and Square Loans.
The fintech company said it has maintained stable loss rates across all of its lending products since 2013.
Block said it uses near real-time behavioral data instead of delayed credit bureau reports to vet applicants.
Shares of the company were down 2.4% in recent premarket activity.
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