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Square (company)

Square (company)

A technology company that has developed solutions for making and receiving payments. It was founded in 2009 and is located in San Francisco, California.

Square is a San Francisco-based company that builds digital tools to aid entrepreneurs, business owners, and general society with sending or receiving payments using technology. The company has payment, hardware, and software systems that it has developed. 

Product

The company sells hardware, such as a point of sale (POS) system. It has analytics and sales reporting capabilities as well as the tracking of sales and inventory. Clients can use the POS to process their customers' payments that are made with credit or debit cards. The POS includes the Square register, customer display, a power adapter cable, and more. There is also a Square Terminal system that can also take payments and print receipts. Clients can buy smaller hardware that connects directly to their own smartphone or tablet and reads credit or debit cards. These devices are known as the "Magstripe" and "Contactless and Chip".



Square also has a mobile app called "Cash App", which can be used to instantly send or receive money. To use any of the company's solutions or services, clients must pay the fee according to the company's website. 



Timeline

May 7, 2019

Square acquires Eloquent Labs.

September 3, 2012

Series D

Square closed their series D with $200m in financing.

August 1, 2012

Starbucks invests in Square

Starbucks invests $25 million in Square and makes Square its exclusive processor of debit and credit card payments.

May 23, 2011

Square Wallet and Square Register

Square announces the release of two new apps, Square Card Case (later rebranded as Square Wallet and Square Register.

November 1, 2010

Square launches to public

After ten months of a private pilot limited to just 50,000 users, Square launches to the public.

December 1, 2009

Squareup.com

Square launches their website and their device, Square Reader. It is Apple and Android compatible.

November 1, 2009

Series A closed

Squared raises $10M. Lead investors include Kholsa Ventures.

February 1, 2009

Square is founded

Square is founded by Jack Dorsey.

Acquisitions

Acquisition
Acquired company
Acquisition amount (USD)
Date announced
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People

Name
Role
LinkedIn

Abhay Kumar

Employee



Ali Tchitchy

Employee



Amrita Ahuja

CFO



Amy Shindler

Employee



Anneliese Niebauer

Employee



Ashley Ryan

Employee



Courtney DuBois

Employee



David W. Kralik

Employee



Ella Giacchetti

Employee



Erin Wilson

Employee



J. Bryan Scott

Employee



Jack Dorsey

Founder and CEO



Jennifer Lai

Employee



Jim Mckelvey

Founder



Joel Ponce

Employee



Jude Komuves

Employee



Justin

Employee



Kaylie Hodge

Employee



Keith Rabois

Employee



Mana Aynechi

Employee



Margaret Tseng

Employee



Matt Haehl

Employee



Matt Helbig

Employee



Matthew Meadows

Employee



Melissa Tsang

Employee



Further reading

Title
Author
Link
Type
Date

Square Is Getting a Lot of Love From Analysts

Danny Vena

Web

September 4, 2019

Square is Yahoo Finance's 2018 Company of the Year

Daniel Roberts

Web

December 18, 2018

Documentaries, videos and podcasts

Title
Date
Link

How Square Works

March 2, 2017

Companies

Company
CEO
Location
Products/Services









News

Title
Author
Date
Publisher
Description
Tom Acitelli
February 11, 2020
www.nytimes.com
The architecture and location of many former newspaper headquarters appeal to tech companies, urban homeowners and even beer connoisseurs.
Meagan Simpson
February 7, 2020
BetaKit
Dessa, a Toronto-based startup that builds machine learning applications, has been acquired by Square.
Ingrid Lunden
January 28, 2020
TechCrunch
The proliferation of data breaches based on leaked passwords, and the rising tide of regulation that puts a hard stop on just how much user information can be collected, stored and used by companies have laid bare the holes in simple password and memorable-information-based verification systems. Today a startup called Persona, which has built a [...]
Ingrid Lunden
January 6, 2020
TechCrunch
It's not every day that the CEO of a large Silicon Valley tech company decides to relocate to a different part of the world in order to learn more about it -- particularly a frequently maligned and often overlooked by big-business part. But Jack Dorsey, the American tech entrepreneur who co-founded and leads not one, [...]
Chris Colin
December 11, 2019
Wired
The Salesforce founder has donated a fortune to right capitalism's wrongs, and he thinks his fellow billionaires should too. Why can't we just be grateful?
K. Thor Jensen
December 2, 2019
Geek.com
Squaresoft (now Square Enix) made their bones on the Final Fantasy games, epic role-playing adventures that let players inhabit a colorful cast of characters that changed every game, contending with memorable villains and ...
Jennifer Ortakales
November 30, 2019
Business Insider
Small business loans through payment processors such as PayPal, Square, and Stripe are often easier to get compared to traditional bank loans.
November 17, 2019
ABC News
Venice is hit by a record third exceptional tide in a week while other parts of Italy struggle with a series of weather woes, from rain-swollen rivers to high winds to an out-of-season avalanche.
November 18, 2019
NDTV.com
Earlier this week, Venice faced another monumental "acqua alta," or "high water," this time coming just inches shy of the 1966 record. Dispatches from the scene described people tromping around in cheap rain boots as they walk single-file on footbridges elevated over flooded piazzas or wade through knee-high water.
November 13, 2019
Firstpost
Venice was hit by the highest tide in more than 50 years late Tuesday, with tourists wading through flooded streets to seek shelter as a fierce wind whipped up waves in St. Mark's Square
Reuters Editorial
November 6, 2019
U.S.
Payments processor Square Inc beat analysts' estimates for quarterly profit on Wednesday, as it earned more from its subscription and services business.
Jay Peters
October 24, 2019
The Verge
Square announced that you'll soon be able to invest in stocks using its Cash App, and says you'll be able start investing with $1. That doesn't mean you'll be able to buy a full share of Apple for a buck, though -- you're going to be investing in a fraction of a share, however much that $1 will get you.
Jason Cartwright
October 23, 2019
techAU
Delivering the best of technology news from Australia and around the globe since 2006.
Jeremy Berke
October 3, 2019
Business Insider
Square is opening up its platform to all CBD merchants in the US after conducting a three-month beta test in May.
Ben Gilbert
October 3, 2019
Business Insider
If you've ever used a credit or debit card to pay at a store that uses Square, you've probably gotten a lot of spam emails. Here's how to stop that.
Greg Kumparak
October 1, 2019
TechCrunch
A few months back we took a look at Cloosiv, a company aiming to provide smaller coffee shops a mobile ordering solution that can compete with those of the mega coffee chains. Today the Cloosiv team is announcing that they've raised a $1M seed round. Most coffee shops want to be able to offer [...]
October 1, 2019
WebWire
In a combined effort to drive financial inclusion, Mastercard and Square announced a two-city collaboration on Self Made, Square's event series focused on enhancing the skills of underserved business leaders to create economic and community impact through meaningful panels and interactive workshops. "We recognize the critical need to continually arm small business owners and micro-entrepreneurs with the tools and skills to enable their success," said Sherri Haymond, executive vice pr...
Charlie Wood
September 30, 2019
Business Insider
Square's hardware lead Jesse Dorogusker on Jack Dorsey, why he left Apple, and why Square's latest product will change the game for small businesses.
Buckley Smith
Invalid Date
IT Business
Allan Bacani took over operations of the Vancouver-based Lee's Donuts in 2018 and after assessing the business he decided to go completely cashless. The
Lea Nonninger and Mekebeb Tesfaye
December 21, 2018
Business Insider
In a new 2019 report, BI Intelligence looks at the shifts in the broader environment that fintechs operate in, including key players, emerging technologies, funding patterns and regulatory trends.
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References