• FOUNDING YEAR: 2010
    LOCATION:
    United States
    REGION:
    California
    Last Update:
    18 Oct, 2019
    Global presence:
    Japan, Canada, United Kingdom, Australia

Description

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:
Viewable by subscribers only
MAIN CLIENTS:
Merchants
EXISTING PARTNERSHIPS:
Visa

PEOPLE

FOUNDERS:
Sarah Friar, Jack Dorsey, Jim McKelvey
NUMBER OF EMPLOYEES:
51-200
INVESTORS:
Goldman Sachs, Barclays, RBC Capital Markets, Victory Park Capital, Colchis Capital, GIC, Goldman Sachs, Rizvi Traverse Management, Morgan Stanley, JPMorgan Chase & Co., Silicon Valley Bank, Citi, Starbucks, Starbucks, KPCB, Tiger Global Management, Sequoia Capital, Khosla Ventures, Hard Yaka, Darwin Ventures, GGV Capital, Edventure Holdings, Access Technology Ventures, TriplePoint Capital, Sapphire Ventures, Sozo Ventures, Acequia Capital, Data Collective, CrunchFund, Saints Capital, Visionnaire Ventures, Ashton Kutcher

TRACTION

VALUATION / MARKET CAP:
$24.83 Billions in 2019
REVENUE:
$10M+ in 2018
REVENUE COMMENT:
Viewable by subscribers only

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$1.24 Billions
DATE OF LAST FUNDING:
Jul 2018
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 Million Closed:
SERIES B
$27.5 Millions Closed: Jan 2011
SERIES C
$103 Million Closed: Dec 2011
SERIES D
$200 Millions Closed: Sep 2012
SERIES E
$150 Million Closed: Oct 2014
DEBT FUNDING:
$150 Million
CONVERTIBLE DEBT:
$750 Millions
LISTED:
YES

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