Fund managers including Endeavor Asset Management, Ten Cap, Blackwattle Investment Partners, Milford Asset Management, Oracle Advisory Group, DS Capital, Equity Trustees Asset Management, Yarra Capital Management, Swell Asset Management, ELM Responsible Investments, QVG Capital, Wilson Asset Management, Hyperion Asset Management, ECP Asset Management, Pendal Group, Perennial Partners, TMS Capital, Firetrail Investments, Quest Asset Partners and First Samuel have invested in Block CDI (ASX:XYZ).

Fund managers highlight accelerating growth in both Square and Cash App, upgraded guidance and multi-year targets backed by a pipeline of product launches. Pendal noted takeover interest in PayPal provided a favourable read-through for scaled payment platforms, and First Samuel sees Block as a financial company built on technology and global two-sided networks.

The latest commentary is largely positive and does not identify major specific risks, though Pendal noted the shares can fall even after strong results, and Block's performance depends on sustaining growth in competitive payments and consumer finance markets.

Block, Inc. is a financial technology company headquartered in Oakland, CA, founded by Jack Dorsey and James McKelvey in 2009. The company operates through two primary segments: Square and Cash App. Square provides integrated payment services, hardware, software, and financial solutions to sellers. Cash App offers an ecosystem of individual financial tools, including peer-to-peer payments, bitcoin and stock investments, and the Cash App Card for spending and ATM withdrawals. Block, Inc. focuses on building distinct financial ecosystems to serve both merchant and consumer audiences.