Block Acquires Music-Fintech Startup Hifi
October 12, 2023
Block (formerly Square) has acquired Hifi, a music-focused fintech startup that offers a royalties-tracking dashboard and a royalty acceleration payroll product called Cash Flow. Financial terms were not disclosed; Block said Hifi will join the company to expand its financial services for artists and further its music-tech strategy following the earlier Tidal acquisition.
- Buyers
- Block
- Targets
- Hifi
- Industry
- Payments & Fintech
- Location
- New York, United States
- Transaction Type
- Buyout
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