Square raises $200m and expands payments service to Canada

No primary category set

Payments service Square, started by Twitter founder Jack Dorsey, has revealed a huge $200m Series D fundraising roundwith investors including Citi Ventures, Rizvi Traverse Management, and Starbucks. According to reports, this values the company at $3.25bn.

This news emerged as the company announced that it was expanding outside of the USA for the first time by starting to operate in Canada. It is expected that much of the money raised will be used to fund the international expansion required to take on established payments companies. In Novemeber, Square will be available across the US in branches of Starbucks and this partnership with the new coffee giant is expected to be critical for expansion.

Square is a really interesting company offering a neat solution to taking card payments. You simply plug the dinky little square dongle into your smartphone or tablet and you can swipe cards and take payments there and then. This is ideal for small businesses on the move and other traders who might otherwise only take cash payments.

RELATED POSTS..

Is twitter rebrand to X barking mad or genius?

Expect the un-X-pected in today’s social media landscape

PayPal USD Stablecoin launched pegged to US$

PayPal USD Stablecoin launched pegged to US$

July August Social Commerce Update

August Social Commerce Update

Is twitter rebrand to X barking mad or genius?

Is twitter rebrand barking mad or genius?

TikTok introduces text only posts

TikTok introduces text only posts

ChannelX Guide...

Featured in this article from the ChannelX Guide – companies that can help you grow and manage your business.

Latest

Take a look through a selection of the latest articles on ChannelX

Register for Newsletter

Receive 5 newsletters per week

Gain access to all research

Be notified of upcoming events and webinars