Richard Branson invests in Square

News Wireless Global 9 NOV 2011
Richard Branson invests in Square
Mobile payment start-up Square has announced that business magnate Richard Branson has become one of its investors. No details related to the amount of the investment have been disclosed. The company recently closed a USD 100 million Series-C financing round led by Kleiner Perkins Caufield and Byers. Square distributes a card reader and mobile application. Square reports its has already shipped over 800,000 card readers to merchants and is currently processing over USD 2 billion in payments annually. While currently focused on its US growth, the company plans to expand its services in international markets in 2012.

Categories:

Mobile

Companies:

Square

Regions:

Global

Tags:

e-Payment, Financial funding

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