¶ Square
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Square is a financial services platform operated by Block, Inc.
¶ History
In 2009, Jack Dorsey and Jim McKelvey began developing the Square payment service. The pair demonstrated the tech to investors at the 2009 Allen & Company conference, earning themselves an investment from Khosla Ventures.[1]
Square headhunted Bob Lee, a lead developer for Google's Android platform, in January 2010. He joined the team as Chief Technology Officer (CTO).[2] The company launched the first version of the service in May 2010.[1:1]
Square secured a debt financing agreement in April 2014 with Barclays, Goldman Sachs, JPMorgan Chase, Morgan Stanley, and Silicon Valley Bank (SVB).[3]
¶ Investors
Investors in Square include:[4]
- Access Technology Ventures
- Acequia Capital
- Barclays
- Citi Ventures
- GGV Capital
- GIC
- Goldman Sachs
- JPMorgan Chase
- Khosla Ventures
- Kleiner Perkins
- Morgan Stanley
- Omega Venture Partners
- Rizvi Traverse
- Sapphire Ventures
- Sequoia Capital
- Silicon Valley Bank (SVB)
- Sozo Ventures
- Starbucks
- SV Angel[5]
- Tiger Global Management
- Tuesday Capital
- Virgin Group
- Visa
- VMware
¶ External links
Robischon, N. (2010, May 11). Square Brings Credit Card Swiping to the Mobile Masses, Starting Today. Fast Company. http://archive.today/2013.10.21-075818/http://www.fastcompany.com/1643271/square-brings-credit-card-swiping-mobile-masses-starting-today ↩︎ ↩︎
Hurley, B. (2023, April 5). Everything we know about the murder of Cash App founder Bob Lee. The Independent. http://archive.today/2023.04.05-191522/https://www.independent.co.uk/news/world/americas/crime/cash-app-founder-bob-lee-stabbed-san-francisco-b2314740.html ↩︎
Debt Financing - Square. Crunchbase. Retrieved April 5, 2023, from https://www.crunchbase.com/funding_round/square-debt-financing--e458eddf ↩︎
Square - Funding, Financials, Valuation & Investors. Crunchbase. Retrieved April 5, 2023, from https://www.crunchbase.com/organization/square/company_financials ↩︎
SV Angel. FinTech Global. Retrieved April 5, 2023, from https://web.archive.org/web/20230405234635/https://fintech.global/investors/sv-angel/ ↩︎