• Squarespace is launching Squarespace Balance, a new financial account that lets merchants manage earnings, spending, and cash flow directly within Squarespace Payments.
• Balance builds on Squarespace’s growing suite of financial tools that help entrepreneurs run and scale their businesses online.
• Bringing business banking capabilities into its platform helps Squarespace compete with companies like Ramp and Shopify.

Website building and hosting platform Squarespace unveiled its latest tool to help entrepreneurs run their businesses online. The New York-based company is debuting Squarespace Balance this week, a new account designed to help merchants manage business finances and earn rewards.

Balance sits within Squarespace Payments, the company’s payment solution that integrates with a business’ online store, allowing merchants to accept payments through Squarespace. With Balance, merchants can access funds within hours, earn rewards on their balances, and spend using their Squarespace Visa Commercial card. Balance offers a unified view of a business’ earnings, spending, and cash flow management on the same platform as the rest of the business.

“Squarespace Balance rounds out our suite of financial tools by offering a native financial account that helps merchants manage their business finances and earn rewards, all in one place,” said company SVP of Commercial Dan Chandre. “It reflects our belief that financial services should feel like a natural extension of running a business, not another system entrepreneurs have to manage.”

Because it brings banking capabilities in-house, Balance allows merchants to receive and spend their money in the same platform where they run their business, without needing external banking integrations. The move will help Squarespace compete with other software platforms that are embedding financial services directly into their products. Companies such as Ramp, Shopify, and Stripe have all expanded into financial accounts, corporate cards, and cash management tools that keep businesses operating inside their ecosystems.

Offering a native financial account alongside payments and financing tools like Squarespace Capital, Squarespace is positioning itself to capture more of the financial activity of its existing customers while simplifying financial management for small businesses that would otherwise rely on multiple providers.

Squarespace Balance is currently available to new users in the US and will be expanded to the company’s existing users in the coming months.

Squarespace launched Payments in 2023, and has since been focused on growing its financial tools available to support small businesses. As part of this expansion, the company launched Squarespace Capital in 2025 to offer merchants flexible financing to help them grow their business. Additionally, Squarespace offers tools such as Pay Links, which helps merchants accept payments via links; Tap to Pay, which allows merchants to accept in-person payments without additional hardware, as well as shipping tools, invoicing capabilities, and more.

Originally founded in 2003, Squarespace’s platform has helped millions of customers across more than 200 countries build and run their businesses online. In addition to payments capabilities, the company also offers websites, domains, marketing tools, and appointment scheduling.

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• Airwallex launched its Yield treasury product for US businesses that allows customers to move idle balances into money market funds to generate higher returns.
• First introduced in Australia in 2023, Yield has expanded to multiple regions and has now surpassed $1 billion in assets under administration.
• By embedding treasury yield directly into its financial platform, Airwallex is competing with fintech treasury tools from companies like Stripe, Brex, and Wise that help businesses earn returns on operational cash.

Business financial management tool Airwallex unveiled that it is bringing its treasury management tool called Yield to the US after testing the product in the region in early January.

Originally debuted in Australia in 2023, Yield gives customers an alternative to traditional savings accounts, which notoriously offer a low APR. The product allows customers to move funds from their Airwallex cash balances into a money market fund that yields a higher return than funds held in traditional savings accounts.

Unlike traditional interest-bearing accounts, Yield functions more like a treasury management tool that allows businesses to sweep idle balances into money market funds while maintaining operational liquidity within the same platform.

The product was initially available to wholesale customers, then expanded to all Australian businesses after Airwallex obtained an Australian Financial Services License in July 2024. Since then, Airwallex expanded Yield to Hong Kong, Singapore, New Zealand, and to businesses registered in the European Economic Area (EEA), surpassing $1 billion in assets under administration.

“Topping $1 billion is a testament to the demand for a new kind of banking experience–one that is global, digital-first, and institutional-grade,” said Airwallex Co-founder and CEO Jack Zhang. “With the launch of Yield in the US, we are closing the gap in the market for a unified platform. We are giving US businesses a seamless way to operate across currencies, while ensuring their working capital is actively generating value, not sitting in an idle account.”

Funds held in Yield are invested through a J.P. Morgan US Government Money Market Fund, which helps customers put their idle balances to work. The offering gives businesses access to yields comparable to those available in institutional money market funds.

In addition to offering higher yields, Airwallex allows small businesses to shift their cash balances in and out of high-yield accounts overnight, with no minimum lock-up periods. This helps customers maximize their return on idle cash while retaining the ability to shift funds to meet financial obligations like payroll. Additionally, Airwallex brings a business’ money movement to a single dashboard, allowing customers to move funds between payments, payouts, corporate cards, and Yield accounts.

Airwallex’s Yield helps the company compete with fintech treasury platforms such as Stripe, Brex, and Wise, which have introduced similar products designed to help businesses earn returns on idle operating cash. As interest rates have risen over the past several years, traditional banks have also become competitors as banks turn operational accounts into yield-generating treasury tools.

Founded in 2015, Airwallex holds 80 licenses and permits that enable customers to operate in 200+ countries and regions and support multi-currency checkout at scale. In 2025 alone, the company extended its regulated and local capabilities across 12 new markets, securing licenses and launching products in France, the Netherlands, Israel, Canada, Korea, Japan, New Zealand, Malaysia, Vietnam, Brazil, Mexico, and the UAE.

In January, Airwallex acquired Paynuri, an entity that holds payment gateway and prepaid electronic payment instrument licenses, in order to expand into South Korea.  

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