In February 2009, Jim McKelvey wasn’t able to sell a piece of his glass art because he couldn’t accept a credit card as payment. Even though a majority of payments has moved to plastic cards, accepting payments from cards is still difficult, requiring long applications, expensive hardware, and an overly complex experience. Square was born a few days later right next to the old San Francisco US Mint.

Today the Square team is focused on bringing immediacy, transparency, and approachability to the world of payments: an inherently social interaction each of us participates in daily.

Financials

Date Type Amount Investors Valuation
11/01/09 Series A 10M Khosla Ventures Unknown
01/01/11 Series B 27.5M Sequoia Capital Unknown
12/01/11 Series C 103M Kleiner Perkins, Richard Branson Unknown
View more financial info about Square

People

Competitors

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