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.
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.
Square acquires Eloquent Labs.
Square closed their series D with $200m in financing.
Starbucks invests in Square
Starbucks invests $25 million in Square and makes Square its exclusive processor of debit and credit card payments.
Square Wallet and Square Register
Square announces the release of two new apps, Square Card Case (later rebranded as Square Wallet and Square Register.
Square launches to public
After ten months of a private pilot limited to just 50,000 users, Square launches to the public.
Square launches their website and their device, Square Reader. It is Apple and Android compatible.
Series A closed
Squared raises $10M. Lead investors include Kholsa Ventures.
Square is founded
Square is founded by Jack Dorsey.
David W. Kralik
J. Bryan Scott
Founder and CEO
Square Is Getting a Lot of Love From Analysts
September 4, 2019
Square is Yahoo Finance's 2018 Company of the Year
December 18, 2018
Documentaries, videos and podcasts
How Square Works
March 2, 2017