What bank owns Cash App?

Cash App isn't owned by a bank. The digital payments app is owned by Block, the same company that owns Square. Cash App isn't a bank, but it partners with two Federal Deposit Insurance Corp. (FDIC)-insured banks, Lincoln Savings Bank and Sutton Bank, to provide services like debit cards and direct deposit.

Who is the parent company of Cash App?

Block is the parent company and creator of Cash App. Block was formerly known as Square, and Cash App was originally called Square Cash.

Who is Block Inc. owned by?

As a publicly traded company, Block has thousands of shareholders. Its largest individual shareholder is Jack Dorsey, who has run the company since he co-founded it.

Are Venmo and Cash App owned by the same company?

Venmo and Cash App are not owned by the same company. In fact, they are close competitors. Venmo is owned by PayPal, and Cash App is owned by Block.

Who Owns Cash App? Details of the Top Shareholders

Who Owns Cash App? Details of the Top Shareholders & Board of Directors

By Jeremy Bowman – Updated Mar 23, 2026 at 3:38 PM EST | Fact-checked by Parker Hicks

Key Points

Cash App, owned by Block (formerly Square), competes fiercely with PayPal and Venmo in the U.S.
Jack Dorsey, co-founder, is the largest individual shareholder with 48.8 million shares.
Invest in Block to financially engage with Cash App, available publicly since 2015.

Cash App has been one of the most successful growth stories in the digital payments space, but plenty of investors and users probably don't know who owns it. Cash App was launched and developed by Block (NASDAQ:XYZ), the payments technology formerly known as Square.

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Launched in 2013, Cash App now has 57 million monthly active users as of 2024 but that number is likely to rise after the 2025 anunal report and is challenging PayPal (PYPL +2.78%) and Venmo as the biggest peer-to-peer payment app in the U.S. In this deep dive into Cash App, we'll explore its relationship with parent company Block, the ownership structure behind the company, and the executives and board members who run the company.

Who is the owner of Cash App?

Cash App is fully owned by Block, which launched the payment app, originally Square Cash, as its own competitor to peer-to-peer payment apps like Venmo and PayPal. It became known as Cash App soon after that.

Cash App was once a secondary business for Block, just behind Square. Its business focused on helping retailers, independent vendors, and restaurants make sales and process payments. Today, based on gross profit, Cash App is the bigger of the two.

By the end of 2024, Square as a company brought in $8.8 billion in gross profit, up 16% from 2023. This includes over $238 billion of inflow cash from Cash App.

Cash App also helped prompt Square to change its corporate name to Block, reflecting that the business has grown beyond Square. Block also owns other businesses, such as Tidal, Afterpay, and several Bitcoin (BTC -2.53%)-related businesses, including an exchange and a mining operation.

Who are the largest shareholders?

Below, we'll explore the largest shareholders in Block and, by extension, Cash App. First, we'll look at individual shareholders.

Individuals

Jack Dorsey: 48.8 million shares. Dorsey is both the CEO and chairperson of the board of directors and the company's co-founder. His official title is Block Head and Square Head, implying that he runs the Square business. (Brian Grassadonia is the CEO of Cash App.) Dorsey has been CEO of Block since 2009 and also served as CEO of Twitter from 2015 to 2021.

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Board of Directors

A group of elected individuals responsible for overseeing the activities of a company and representing shareholders.

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James McKelvey: 12.4 million shares. McKelvey is Block's other co-founder and has been on the board of directors since 2009. McKelvey doesn't have a day-to-day position with the company but has previously served as chairman of the St. Louis Federal Reserve. He also serves on the board of Emerson Electric (EMR +1.56%).
Brian Grassadonia: 535,000 shares. Grassadonia is CEO of Cash App, a position he has held since January 2013 when Block first launched Cash App. Grassadonia has worked for Block since 2010, starting as a product manager before becoming director of growth and director of product development.

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Roelof Botha: 1.2 million shares. Botha has served on the board since 2011 and has been the lead independent director. Botha served in various positions with Sequoia Capital, a well-established venture capital firm, and worked in several positions at PayPal, including CFO. Botha is also on the boards of several publicly traded companies.
Mary Meeker: 426,000 shares. Meeker has served on the board since 2011. She was asked to serve on the company's board of directors because of her experience advising and analyzing technology companies. That includes working as a managing director at Morgan Stanley (MS +1.31%) and a general partner of Bond Capital and Kleiner Perkins.

Institutional investors

Vanguard Group: 54.9 million shares, 9.9% of outstanding shares. The Vanguard Group is a large manager of exchange-traded funds (ETFs) and holds shares of Block for the ETFs it runs. Although it is one of Block's largest shareholders, it is not an institutional investor in Block in a traditional sense.
BlackRock: 31.39 million shares, 5.71% of outstanding shares. Like Vanguard, BlackRock (BLK +0.90%) is another large manager of ETFs under the iShares brand and owns shares of Block beneficially to distribute through its ETFs. That includes funds that track the S&P 500 and those that follow specific sectors, like fintech.
Morgan Stanley: 19.92 million shares, 3.62% of shares outstanding. Morgan Stanley is one of the biggest investment banks in the world. It likely owns shares of Block as a direct investment and as an investment product for its clients.

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State Street Corporation: 11.76 million shares, 2.14% of outstanding shares. State Street Corporation is a financial asset management firm with roughly 11% of the world's assets making their way through its doors at some point in their journey.
FMR: 8.5 million shares, 1.55% of outstanding shares. FMR is Fidelity Institutional Asset Management, and like its peers here, it buys and holds stocks to create ETFs and other investment products.

Who is on the board of directors for Cash App?

There are 10 members of Block's board of directors:

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Block Inc. Board of Directors as of November 2025
Name	Title	Board induction year
Jack Dorsey	Block Head, Chairman, and Co-founder	2009
Roelof Botha	Partner at Sequoia Capital	2011
Amy Brooks	President of New Business Ventures at the NBA	2019
Shawn 'JAY-Z' Carter	Found of Roc Nation	2021
Paul Deighton	Former UK Commerical Secretary to the Tresasury	2016
Anthony Eisen	Co-founder of Afterpay, CEO of Reshop	2025
Randy Garutti	Former CEO of Shake Shack	2017
James 'Jim' McKelvey	Co-founder of Block	2009
Mary Meeker	General Partner at BOND	2011
Neha Narula	Director of the Digital Currency Initiative at MIT Media Lab	2023

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Can you own shares in Cash App?

You can't invest in Cash App, but you can invest in its parent company, Block, which now counts Cash App as its biggest business by gross profit. Block is a publicly traded company and has been since 2015. If you're looking to invest in the Square parent, you can do so the same way you would with any other stock.

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FAQ

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About the Author

Jeremy Bowman has been a contributing Motley Fool stock market analyst, covering technology, consumer goods, and macroeconomic trends since 2011. Before The Motley Fool, Jeremy was a newspaper reporter, restaurant manager, and English teacher abroad. He holds a bachelor’s degree in English from Colorado College and a master’s degree in business administration from American University. One of his Motley Fool headlines was briefly featured on Late Night with Stephen Colbert.

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Charles Schwab is an advertising partner of Motley Fool Money. Jeremy Bowman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin, Block, Emerson Electric, and PayPal. The Motley Fool recommends BlackRock and Charles Schwab and recommends the following options: long January 2027 $42.50 calls on PayPal, short March 2026 $100 calls on Charles Schwab, and short March 2026 $65 calls on PayPal. The Motley Fool has a disclosure policy.

Who Owns Cash App? Details of the Top Shareholders & Board of Directors

Key Points

Who is the owner of Cash App?