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Block Lets Lenders Access Cash App Credit Insights

Block partners with Nova Credit to share Cash App’s proprietary credit scores, potentially boosting approval rates for millions of digital wallet users.

Block is opening up its proprietary Cash App credit data to outside lenders for the first time. By partnering with Nova Credit, Block will allow other financial institutions to use 'Cash App Scores' when evaluating borrowers. For retailers and service providers, this is a significant shift in how your customers get approved for financing. Traditionally, lenders rely on FICO scores that often ignore younger shoppers or those with limited credit history. Cash App’s score uses actual cash flow data—money coming in and going out—rather than just old-school debt history. This move likely means higher approval rates for your customers who use digital wallets. Because Cash App has a massive user base of over 50 million monthly active users, lenders can now see a clearer picture of a customer's ability to pay. If you offer financing at the point of sale, your lending partners may soon have more confidence to approve applicants who were previously declined. It levels the playing field for the 'underbanked' population. You should expect to see more lenders integrating these alternative data sets to compete for your business and provide more flexible payment options to your clients.

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