Square: 500K Card Readers Shipped; 1 Million Transactions In May
Disruptive payments startup Square is growing very quickly. Today, CEO Jack Dorsey revealed a few big milestones for the company — 500,000 Square card readers shipped, 1 million transactions in May, and $3 million in transactions being processed daily.
Square is changing the idea of mobile payments, and I think their innovation is here to stay, and to be built upon. With $27.5 million in funding from Sequoia Capital and a strategic investment from Visa, Square’s future is looking bright.