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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.

Funding rounds

3 Results
Funding round
Funding round
Funding round amount (USD)
Funding round amount (USD)
Funding type
Funding type
Funding round date
Funding round date
Investment
Investment

Acquisitions

1 Result
Acquisition
Acquisition
Acquired company
Acquired company
Acquisition amount (USD)
Acquisition amount (USD)
Date announced
Date announced

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









References