Silicon Valley Bank (SVB) announced it has provided $35 million in debt financing to Squire Technologies, a leading full-scale management and point of sale (POS) system that helps barbershop owners scale their businesses and increase clientele while also reducing the amount of time spent in back-office operations.
Backed with financing from SVB’s Enterprise Software Group, Squire is poised to drive ongoing innovation and expand its industry-leading platform, streamlining operational efficiency and growing revenue for barber businesses.
Launched in 2015 by Songe LaRon and Dave Salvant, Squire provides a comprehensive business management platform designed to elevate barbershop operations with integrated tools for Customer Relationship Management (CRM), appointment management, analytics, and point of sales (POS) systems. With the Squire platform, barber businesses attract and retain customers, manage operations, increase revenue, and manage appointments and services all in one place.
KEY QUOTES:
“Partnering with Silicon Valley Bank allows us to build on our strong foundation and accelerate our mission of delivering exceptional tools tailored to the needs of our clients.”
– Dave Salvant, Co-Founder and President of Squire Technologies
“With its innovative platform, Squire provides tools tailored to the specific needs of barbershops allowing business owners to effectively manage their clientele and payment operations while successfully running their business. SVB is pleased to continue our long-standing relationship with Squire by expanding our initial credit facility and providing financial solutions to help them continue to grow and scale their business.”
– Simon Keyes, co-head of SVB’s Enterprise Software group in New York
