Square Cash App

paymentspos/mobile possoftware/whitelabel/apis-payments

FOUNDING YEAR: 2010
LOCATION: United States
Last Update: 01/05/2020

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MEDICI Analysis

Square, Inc. is a financial services, merchant services aggregator and mobile payment company based in San Francisco, California. The company markets several software and hardware payments products.

Focus

PRODUCTS & SERVICES

Square Reader - is used to accept credit card payments by connecting to a mobile device's audio jack. Square Stand - aims to turn the Apple iPad into a more complete point of sale system. Square Register - point of sale software aimed at replacing traditional credit card terminals and cash registers. Square Cash - allows person-to-person money transfer via the Square Cash app or e-mail. Square Capital - offers business financing to merchants using Square. Square Payroll - a tool for small business owners to process payroll for their employees. It aims to manage how small businesses operate and how consumers manage their personal finances.

REVENUE MODEL

Transaction based revenue model - Square charges a transaction fee of 2.75% of the total transaction amount for processing card-present transactions and for processing payments with Square invoices. Square charges 3.5% of total transaction amount plus $0.15 per transaction for processing card-not-present transactions. Software as a service revenue model. Hardware Costs. Hardware costs consist primarily of product costs associated with Square Stand, Square Readers for EMV chip cards and NFC, and third-party peripherals. Product costs include manufacturing-related overhead and personnel costs, certain royalties, packaging, and fulfillment costs.

MAIN CLIENTS

Merchants

EXISTING PARTNERSHIPS

Visa

Traction

VALUATION / MARKET CAP:

$24.83 B in 2019

REVENUE

$10M+ in 2018

REVENUE COMMENT:

The company had a revenue of $3.3Billion in 2018

Momentum

FUNDED

YES

TOTAL FUNDING

$490.5 M

DATE OF LAST FUNDING

Mar 2017

TOTAL FUNDING COMMENT

The company is planning to use a portion of the fund to pay the cost of the convertible note hedge transactions and to offering for general corporate purposes(May 2018).

FUNDING SERIES

SERIES A  · $10 M  · Nov 2009

SERIES B  · $27.5 M  · Jan 2011

SERIES C  · $103 M  · Dec 2011

SERIES D  · $200 M  · Sep 2012

SERIES E  · $150 M  · Oct 2014

DEBT FUNDING

$100 M

LISTED

NO

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