About Square
Square is a company based in San Francisco (United States) founded in 2009 by Jim McKelvey and Jack Dorsey. It operates as a SaaS (Software-as-a-Service), Commission-Based, and FinTech. Square has raised $519.75 million across 12 funding rounds from investors including Visa, Goldman Sachs and Barclays. Square has completed 25 acquisitions, including 80/20, Afterpay and BookFresh. Square offers products and services including Square Reader, Square Terminal, Square Point of Sale, and Square Banking. Square operates in a competitive market with competitors including Flutterwave, SpotOn, Clover, Clip and ShopKeep, among others.
- Headquarter San Francisco, United States
- Founders Jim McKelvey, Jack Dorsey
- Stage Public
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Sectors
RetailTechnology Financial Services
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Phone
*********
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Website
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Social
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- Legal Name Block, Inc.
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Products & Services of Square
Square offers a comprehensive portfolio of products and services, including Square Reader, Square Terminal, Square Point of Sale, and Square Banking. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Contactless and chip payments are accepted securely.
All-in-one mobile credit card processing is provided.
Customizable POS software for various businesses is offered.
Checking, savings, and loans are provided to businesses.
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Funding Insights of Square
Square has successfully raised a total of $519.75M across 12 strategic funding rounds. The most recent funding activity was a Post-IPO round of $1 billion completed in March 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 12
- Last Round Post-IPO — $1.0B
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First Round
First Round
(01 Dec 2009)
- Investors Count 20
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2020 | Amount | Post-IPO - Square | Valuation |
investors |
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| Jul, 2018 | Amount | Post-IPO - Square | Valuation |
investors |
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| May, 2015 | Amount | Series E - Square | Valuation | Victory Park Capital Advisors , Colchis Capital Management |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Square
Square has secured backing from 20 investors, including venture fund and institutional investors. Prominent investors backing the company include Visa, Goldman Sachs and Barclays. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investment banking services are delivered across multiple financial sectors.
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Founded Year | Domain | Location | |
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Blank check and private debt firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Buyouts and growth equity investments are pursued in multiple sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Square
Square has strategically engaged in corporate development activities, having acquired 25 companies. Notable acquisitions include 80/20, Afterpay and BookFresh. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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AI-based CRM solutions are offered for restaurants.
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2017 | ||||
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HITL AI chatbot for customer support is developed.
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2016 | ||||
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Custom solutions based on deep learning are provided by Dessa.
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2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Square
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Square Comparisons
Competitors of Square
Square operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Flutterwave, SpotOn, Clover, Clip and ShopKeep, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of payment processing solutions for businesses
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| domain | founded_year | HQ Location |
Provider of cloud-based POS software solutions for businesses and service providers
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| domain | founded_year | HQ Location |
Cloud-based mPOS system for small business operations is offered.
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| domain | founded_year | HQ Location |
POS solutions are provided to offline retailers via mobile devices.
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| domain | founded_year | HQ Location |
Cloud-based point-of-sale software is provided for retailers and restaurants.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Square
Frequently Asked Questions about Square
When was Square founded?
Square was founded in 2009.
Where is Square located?
Square is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Square?
Jack Dorsey is the current CEO of Square. They have also founded this company.
Is Square a funded company?
Square is a funded company, having raised a total of $519.75M across 12 funding rounds to date.
What does Square do?
Square, operated by Block, Inc., offers payment processing and point-of-sale solutions for various business types including food and beverage, retail, beauty, and professional services. Hardware like Square Reader and Terminal, along with software for appointments and inventory management, are provided. Banking services such as checking and loans are also included. Operations are supported globally across multiple sectors with a focus on scalability and customer retention.
Who are the top competitors of Square?
Square's top competitors include Flutterwave, SpotOn and Modern Treasury.
What products or services does Square offer?
Square offers Square Reader, Square Terminal, Square Point of Sale, and Square Banking.
How many acquisitions has Square made?
Who are Square's investors?
Square has 20 investors. Key investors include Visa, Goldman Sachs, Barclays, SVB, and Morgan Stanley.
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