Square Raises $100 Million At A $6 Billion Valuation
Advertisement
AP
Advertisement
This news follows an August report from CNBC that Square was trying to raise $200 million total, at least partially from the Government of Singapore Investment Corporation. Square didn't list any stock buyers on the filing seen by Fortune, and it's unclear whether Square plans to raise another $100 million.
Generally, it's been a tough year for Square, between a mix of bad press and increasing competition. Amazon recently launched a new card reader device that undercuts Square on transaction fees, and Apple just entered the mobile payments arena generally with Apple Pay.
Complimentary Tech Event
Transform talent with learning that works
Capability development is critical for businesses who want to push the envelope of innovation.Discover how business leaders are strategizing around building talent capabilities and empowering employee transformation.Know More
Business Insider reached out to Square for comment.
Advertisement
- 6 oil-free snacks you can pack for your office tiffin
- Fear of AI threats could propel cybersecurity into becoming a $290 billion industry by 2027, as per reports
- Fear of AI threats could propel cybersecurity into becoming a $290 billion industry by 2027, as per reports
- Aadhar Housing Finance IPO – Price band to risk factors, all you need to know
- Sebi rejects NSE's proposal to extend trading hours