Tag Archives: Square
Square Is Processing $4 Million In Mobile Payments Per Day
Mobile payments company Square recently raised $100 million in a new round of funding. The company has now reached $4 million in mobile payments made per day. This puts the company on track to hitting $100 million in monthly transactions starting this July.
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Square Raising A New Round Of Funding With A Billion Dollar Valuation
Mobile payment services company Square is raising a new round of funding that would give them a billion dollar valuation. It is believed that Square is raising $50 million or more. The talks of the new round of funding is in early stages as of right now. Square is processing about $3 million per day in mobile payments. Square is also working on a cash register service. Square has raised over $37.5 million in funding thus far from multiple venture capital companies and Visa. [TechCrunch]
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Square Was Almost Named Squirrel Until Dorsey Talked To Apple
When accepting the award at the 21st Century Visionary award at San Francisco’s Commonwealth Club earlier this week, Jack Dorsey spoke about Twitter and Square. Dorsey is a co-founder at Twitter and founded Square. Dorsey said that the company name Square was almost named “Squirrel” and the card reader dongle was made of wood and shaped like an acorn.
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Categories Apple Inc., Jack Dorsey, Scott Forstall, Square
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Square Ships About 500,000 Card Readers and Launches Square Card Case
Square is a mobile payments startup company that has shipped about 500,000 card readers. Square reported about 1 million transactions in May and the company is processing about $3 million in mobile payments per day. Square has announced a new service today called Square Register.
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Categories Keith Rabois, Square, Square Card Case, Square Register
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Visa Invests In Mobile Payment Company Square
Visa Inc. (NYSE:V) has invested an undisclosed amount into the mobile payment service founded two years ago by Jack Dorsey, Square. A Visa executive will be joining Square’s board of directors as a result.
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Categories Jack Dorsey, Square, Visa
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Square Processing About $1 Million In Transactions Per Day
Mobile payments company Square has hit $1 million in payments per day according to founder Jack Dorsey. Last fall Square was processing a few million transactions per week. Square recently raised $27.5 million in a new round of funding and announced that they are dropping the $0.15 per transaction charge for businesses that use their services. About 100,000 new merchants are signing for Square per month. [TechCrunch]
Categories Jack Dorsey, Square
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Mobile Payment Service Square Raises $27.5 Million
Square Inc. is a mobile payments service company that was founded by Twitter co-founder and chairman Jack Dorsey. Square has raised $27.5 million in a new round of funding led by Sequoia Capital. This gives Square a $240 million valuation. In Square’s last round of funding, the company had a $45 million valuation.
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Categories Jack Dorsey, Khosla Ventures, Sequoia Capital, Square, Twitter
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Square Now Rumored To Be Valued At $200 Million
Mobile payment systems company Square is rumored to have raised a round of funding that puts them at a $200 valuation. The investors in this round of funding is believed to be Sequoia Capital, Khosla Ventures, Benchmark Capital, and Kleiner Perkins. This round of funding was pretty competitive. [TechCrunch]
Categories Jack Dorsey, Square
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Foursquare Is Opening An Office In Silicon Valley
Foursquare announced on their blog that they are opening an office in Silicon Valley. The company already has a West coast presence by having a few employees work at Square’s office. “Despite growing from 5 employees to 35, we can’t expand as quickly as we want,” said Foursquare on their blog. “Hide yo developers, SF!” said Foursquare PR head Erin Gleason in a tweet. [Foursquare Blog]
Categories Erin Gleason, Foursquare, Square
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Musician Brian Transeau (BT) Calls Square Payment System A Game Changer
Brian Transeau (BT) announced on Twitter that Square is a “game changer for a musician.” He thanked Square co-founder Jack Dorsey for the technology. Square launched on December 1, 2009 and was given an instant valuation of $40 million.
Categories Brian Transeau, Jack Dorsey, Square
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