Square and Twitter founder Jack Dorsey confirmed what we already knew in a tweet today: Square has done quite well since it was founded in 2009. The company has processed a whopping 1 billion payments to date, Dorsey said.
Square also just recently landed $150 million in funding. The company has raised a total of $590 million to date.
Square started with a simple card-swipe device that could be tacked onto a mobile phone or tablet, enabling small businesses wary of the costs associated with payment terminals to accept credit cards. Since then, the company has expanded into a provider of small business software with tools like its register platform, appointments app, analytics, and inventory management apps. Square has also branched out into small-business lending with Square Capital, and it’s kept a hand in consumer products with its peer-to-peer payment app, Square Cash, as well as its order-in-advance restaurant app, Square Order.
A milestone: 1 BILLION payments through Square! Who made the billionth swipe? A merchant in Sacramento that's been using Square for 2 years.
— jack (@jack) November 5, 2014
June 5th: The AI Audit in NYC
Join us next week in NYC to engage with top executive leaders, delving into strategies for auditing AI models to ensure fairness, optimal performance, and ethical compliance across diverse organizations. Secure your attendance for this exclusive invite-only event.
The company doesn’t show any signs of slowing down, either, though it operates in an incredibly competitive space. For Dorsey, one thing’s for sure: Twitter wasn’t his one-hit wonder.
