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Square: 500K Card Readers Shipped; 1 Million Transactions In May

Square: 500K Card Readers Shipped; 1 Million Transactions In May

by Brad MerrillMay 23, 2011

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.

About The Author
Brad Merrill
Brad Merrill is the founder and former editor of VentureBreak.