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Tuesday, November 8, 2011

Sir Richard Branson invests in mobile payment service Square

Sir Richard Branson has been announced as one of the new investors in Square Inc, although neither party has revealed the amount of investment involved. The mobile payment company, which launched a year ago, has supplied over 800,000 card readers to merchants and is currently processing over $2 billion in payments annually.

Richard Branson said “I’m very passionate about helping people start and grow successful businesses, and Square is an incredible technology that inspires and empowers everyone to be an entrepreneur.”

Square plans to expand beyond its current US focus to international markets next year.

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Author: The Fonecast
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