Printed from http://www.electronista.com

Sir Richard Branson is the latest Square investor

updated 01:55 pm EST, Tue November 8, 2011

Virgin Group's Sir Branson invests in Square

Square, maker of the hardware and software required for vendors to take credit card payments, has recently landed Sir Richard Branson of Virgin Group fame as one of its investors. This is the third piece of positive news for the company, which recently received $100 million in funding from Kleiner Perkins Caufield and Byers. Branson's investment amount isn't being specified, however.

Branson released a statement to that effect, saying he is very passionate about helping people start successful businesses and Square is a technology that helps them achieve that. In mid-October, Square proccessed more than $2 billion in annual payments from more than 800,000 merchants. Apple, Best Buy, Radio Shack, Target and most recently, Walmart have also been added as clients.

Square's next planned step is to expand to international markets. It currently operates solely in the US.



By Electronista Staff
toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Advertisement

Recent Reviews

Moshi iVisor AG and XT for iPad Air 2

Have you ever tried to put in a screen protector that relies on static to cling to the screen? How many bubbles and wrinkles does it h ...

Epson PowerLite Home Cinema 3500 projector

Trying to find the perfect projector for a home theater can be tricky, as there are bountiful options on the market from a large numbe ...

Thecus N2310 NAS

For every computer user, there comes a point of critical mass in data storage. When it hits, external hard drives, USB sticks and DVD ...

Advertisement

toggle

Most Commented

 
toggle

Popular News