September 21, 2014 9:12 PM ET

Software

Company Overview of Square, Inc.

Company Overview

Square, Inc. provides Square Reader, a credit card reader for iPhone, iPad, and Android devices that enables businesses to accept credit cards payments. It offers Square Register, an application that works with Square Reader to turn a smartphone or iPad into a mobile point of sale, as well as provides payments, sales reports, hardware—register, and other services. The company also provides Square Capital that offers access to funds for growing businesses; Square Cash, a solution for sending and receiving money; and Square Market that enables users to shop online in home, art and design, tech, fashion, accessories, jewelry, baby and kids, food, health and beauty, and other sectors. In additio...

1455 Market Street

Suite 600

San Francisco, CA 94103

United States

Founded in 2009

Phone:

415-375-3176

Fax:

855-204-8795

Key Executives for Square, Inc.

Co-Founder
Age: 37
Co-Founder and Director
Chief Financial Officer
Age: 41
Vice President of Communications & Brand Marketing
Age: 40
Vice President of International
Compensation as of Fiscal Year 2014.

Square, Inc. Key Developments

Square May Be Raising Another $100 Million Round

Square, Inc. may be in the process of raising another $100 million dollar round as competition heats up in the digital payments sphere. Not much is known about this potential new round of funding, except that it could raise Square’s valuation to $6 billion. Jack Dorsey reportedly signed off on the sale of a new round of stock valued at $15.46 a share, according to Forbes.

Square To Raise Additional Funding

Square, Inc. is in the process of raising capital at a $6 billion valuation, according to sources familiar with the matter. Square is aiming to reel in about $200 million, with part of it coming from the Government of Singapore Investment Corporation (GIC), said the sources, who asked not to be identified because the deal hasn't closed.

Square Denies Sale Or Delaying IPO

Square, Inc. has denied that it is trying to sell the company or delaying IPO. Square stated, “Like you, we’re a growing business. You invest in your future, and so do we. We’re well-capitalized and putting our money to good use: investing in people and new products. Reports that we tried to sell the company, or of a delayed IPO? False. We’re here for the long-term.”

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
September 12, 2014
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Private Placement
August 19, 2014
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Merger/Acquisition
August 4, 2014
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