Square Processing $10 Billion Per Year
Square announced that they are hitting around $10 billion in annual payments. There are around 7,000 Starbucks stores that are now accepting Square Wallet, which is helping drive those payments. Square raised $200 million in Series D this past September. The company was processing $6 billion as of June 2012 and $5 billion as of April 2012.
This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry
Today we’re processing $10B in payments annually, an amazing and humbling milestone. To the small businesses growing with Square, thank you.
— Square, Inc. (@Square) November 14, 2012