Square payment system could raise $ 50 million

Square discuss with the investment fund for a fundraiser at-least $ 50 million, according to ” Techcrunch , which specifies that the process is still in its infancy. With this operation, the company created by the co-founder Jack Dorsey of Twitter would be valued more than $ 1 billion. The previous fundraising Square dates back only the beginning of the year, with an operation of $ 27.5 million, turning around for a valuation of 240 million.

It must be said that the activity of the company, which has developed a credit card reader that connects to smartphones and tablets, is growing rapidly. In late April, she ran to $ 2 million daily transactions and nearly $ 3 million a month later.


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