Putting money in pockets quicker and more efficiently
Bond’s mission is to bring financial access to communities that are unserved or underserved by our current financial systems. Our collaboration and partnership with Squire Technologies is a terrific example of that and, today, we are proud to announce that we have taken home the 2021 trophy for Tearsheet’s Best Example of Customer Implementation of Embedded Finance!
As Songe LaRon and Dave Salvant realized that the market for barbers and barbershops was extremely inefficient, they created and co-founded Squire to fill those gaps. Squire is a powerful, premier, and easy-to-use point-of-sale software solution that is now used by thousands of barbershops across the US, Canada, and the United Kingdom.
To ensure that Squire can grow to serve over 135,000 barbershops on their platform in the US alone, they needed an enterprise-grade embedded finance partner that would build and grow with them. That’s where Bond came in.
Together, we introduced Squire Card — a debit card that seamlessly integrates into the Squire mobile app. It not only allows barbers to get paid by customers faster, pay their bills and track expenses easier, and even withdraw funds based on future bookings, but barbershop owners can immediately transfer funds from their account to their employees. With Squire and Bond, we are literally putting money in people’s pockets quicker and more efficiently.
“The Squire Card transforms our ability to serve our community of barbers,” said LaRon. “We can lower their costs, cut their fees, and save them time — plus give them rewards for using our card.”
Bond’s enterprise-grade architecture, deep bench of domain experts, and a white-glove approach to building the initial product for Squire were just a few key reasons that Squire chose to build with Bond. Not only was the go-to-market time slashed to under 90 days, but Squire is branching out with Bond with plans to expand offerings to their customers with credit cards, insurance and customer relationship software.
Innovation, inclusion, and access are just a few things that Bond is passionate about; when you do them in a way that impacts lives for the better, it’s a perfect snapshot of how we can change and advance the financial systems around us.
Congratulations to both Squire and Bond on this accolade — we can’t wait to see where this journey takes us!