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Square Raises $100 Million Round At $1+ Billion Valuation, Led By Kleiner Perkins
Square, the mobile payments company led by Twitter founder Jack Dorsey, is raising $100 million in new financing, led by big-time VC firm Kleiner Perkins, the WSJ reports . The round values Square at more than $1 billion, quadrupling its value, says the WSJ's Monica Langley.
Mobile payments startup Square is announcing big numbers today—500,000 Square card readers shipped, 1 million Square transactions in May, and the startup is now processing $3 million in mobile payments per day.
Square’s Disruptive New iPad Payments Service Will Replace Cash Registers
After ten months of a private pilot limited to only 50,000 users , Square has finally opened its doors to the public. The brainchild of Twitter co-founder Jack Dorsey and Jim McKelvey, Square was unveiled last December as a small credit card reader that could turn any iPhone into a mobile cash register.
