Square is a mobile payments company based in San Francisco, CA. It was founded in 2010 and initially had just 1 mobile app where you had to enter the card numbers manually or swipe it with the square card reader. In 2013, Square introduced the Square stand that uses an iPad for the payments and looks similar to a traditional Point of Sale System. In October 2014, Square raised $150 million at a $6 billion valuation.
Currently, Square is incurring losses and is in talks with its competitors like Google for a possible buyout.
Currently, Square is incurring losses and is in talks with its competitors like Google for a possible buyout.