StagePIPE | IPO
Square (NYSE: SQ) is a merchant services aggregator and mobile payment company It helps sellers run businesses with commerce solutions, business software, and banking services and provides guidance at the corporate level. It was formerly known as Square. It serves food and beverage, beauty salon, health and fitness, and home and repair industries. It was founded in 2009 and is based in Oakland, California.
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Research containing Square
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Square in 27 CB Insights research briefs, most recently on May 24, 2023.
Expert Collections containing Square
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Square is included in 6 Expert Collections, including Store tech (In-store retail tech).
Store tech (In-store retail tech)
Startups aiming to work with retailers to improve brick-and-mortar retail store operations.
This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.
Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.
Square has filed 1095 patents.
The 3 most popular patent topics include:
- Payment systems
- Payment service providers
- Mobile payments
Payment systems, Banking technology, Smart cards, Contactless smart cards, Debit cards
Payment systems, Banking technology, Smart cards, Contactless smart cards, Debit cards
Latest Square News
Jun 1, 2023
Through Square, Cardinal Health is offering its independent pharmacy customers access to manage business operations, integrate flexible payment options for in-store and more. Senior Editor Cardinal Health is launching modern payment solutions powered by Square to help independent pharmacies increase operational efficiency, stay current with customer payment preferences and access integrated software tools for their business. The collaboration with Square allows Cardinal Health to offer its independent pharmacy customers access to innovative products that manage business operations, integrate flexible payment options for in-store, online and delivery purchases and reduce payment processing costs. "Through our work with Square, we can offer our customers options to stay current with payment trends as well as business tools and insights to help them streamline their operational workflows for greater efficiency," said Brad Cochran, executive vice president of retail distribution at Cardinal Health and president of Medicine Shoppe International. "Modern payment solutions will enable community pharmacists to offer the personalized care their patients value, while providing greater flexibility for the pharmacy to meet their customers evolving preferences." Dashboards allow the pharmacy to track sales and payment transactions, whether customers are paying during home delivery, online, at the drive-thru or at the counter. Independent pharmacies can meet their buyers wherever they are, with flexible payment options, including text-to-pay, Apply Pay and Google Pay, without ever missing a sale. Solutions powered by Square include: An in-store payment solution, Modern Payments Processing, runs on Square Terminal hardware and enables pharmacies to offer patient payment flexibility in the store or in the field, privacy and compliance. Additional pharmacy management systems also can seamlessly integrate with Square's Terminal API to offer pharmacies an end-to-end payment solution. An e-commerce site, Pharmacy Marketing Advantage Commerce, leverages Square's Web Payments SDK to power online sales. It allows customers to submit orders through their local pharmacy from anywhere and select from their pharmacy's delivery or pick-up options. Across all solutions, Square and Cardinal Health provide independent pharmacies access to analytics, dashboards and Square's broader ecosystem of integrated tools and software, along with access to knowledgeable customer support teams. Gerry O'Hare, a Cardinal Health Retail Advisory Board member whose 45-year career in pharmacy has seen his business grow to nine locations, said, "As consumer preferences continue to evolve, modern payment solutions like those offered by Cardinal Health and Square can reduce administrative time and give pharmacists more time to focus on their customers. Square has significantly reduced our processing costs and given us the ability to complete a sale anywhere in the store, out in the field when making deliveries or even online – and a great backend system to show us what our business looks like." Using Square's open platform, Cardinal Health offers payment and commerce solutions that integrate directly with third-party software, including pharmacy management systems, seamlessly connecting with Square's suite of hardware and software tools. "Consumers today want the convenience of shopping in person or online with delivery or in-store pick up options, combined with the personalized attention independent pharmacies offer to their customers. Through our collaboration, Cardinal Health can provide a unified experience that enables pharmacies to meet these evolving customer preferences," said Vijay Vachani, general manager of Developers & Partners at Square. Vachani added, "Our work with Cardinal Health showcases the power of Square's developer platform and its ability to make innovative commerce tools accessible to businesses of all types and sizes. What's more, this collaboration reinforces Square's and Cardinal Health's shared mission to empower local, independent businesses to thrive in their communities."
Square Frequently Asked Questions (FAQ)
When was Square founded?
Square was founded in 2009.
Where is Square's headquarters?
Square's headquarters is located at 1955 Broadway, Oakland.
What is Square's latest funding round?
Square's latest funding round is PIPE.
How much did Square raise?
Square raised a total of $716.75M.
Who are the investors of Square?
Investors of Square include Tiger Global Management, Victory Park Capital, Colchis Capital, Rizvi Traverse Management, Goldman Sachs and 35 more.
Who are Square's competitors?
Competitors of Square include Stripe, Till Payments, Oxygen, Atoa, Eligma, TouchBistro, FIN-PAY, TakeMe, Ezetap, mx51 and 60 more.
Compare Square to Competitors
Stripe operates as a financial technology company. It offers an online-based, payment processing platform that gives online merchants the ability to securely accept credit card payments through the use of custom-built forms. It allows users to accept payments, send payouts, and manage businesses online. It was formerly known as HGSC. It was founded in 2010 and is based in South San Francisco, California.
Obopay is a mobile payment service in the US that lets consumers get, send and spend money from mobile phones. The Obopay management team is comprised of former executives from Visa International, Microsoft, Yahoo, Expedia, AT&T Wireless, Western Union, First Data Corporation, Norwest Bank and Chordiant Software.
Klarna offers a range of payment solutions to e-stores. It offers services such as direct payments, pay-after-delivery options, and installment plans. It also provides security solutions for credit and fraud risks for e-stores. The company was founded in 2005 and is based in Stockholm, Sweden.
Mswipe provides point-of-sale (POS) solutions for all types of payment acceptance. Its solutions include cards, wallets, mobile payment applications, and quick response (QR) payments. The company was founded in 2011 and is based in Mumbai, India.
GoCardless is an online direct debit provider. It is an international payments network for businesses to take and settle recurring payments from anywhere, to anywhere, in any currency. It was founded in 2011 and is based in London, United Kingdom.
SumUp operates as a financial technology company. It provides a product suite of tailor-made business tools created specifically for the micro and nano segment. It compares card readers, solo card readers, and more. It was formerly known as Ka-Ching Payments Limited. It was founded in 2012 and is based in Wilmington, Delaware.
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