Square in talks for $200 million funding: Bloomberg
Mobile payment startup Square, co-founded by Twitter chairman Jack Dorsey, is in talks to raise $200 million, at a valuation of $6 billion, Bloomberg reported, citing a person with knowledge of the matter.
Some of the funding is expected to come from the Government of Singapore Investment Corp (GIC), which will push Square's valuation up from about $5 billion earlier this year, the report said.
Square and GIC were not immediately available for comment.
Founded in 2009, Square makes a credit card reader that slots into smartphones such as those made by Apple.
Mobile payment startup Square, co-founded by Twitter chairman Jack Dorsey, is in talks to raise $200 million, at a valuation of $6 billion, Bloomberg reported, citing a person with knowledge of the matter.
Some of the funding is expected to come from the Government of Singapore Investment Corp (GIC), which will push Square's valuation up from about $5 billion earlier this year, the report said.
Square and GIC were not immediately available for comment.
Founded in 2009, Square makes a credit card reader that slots into smartphones such as those made by Apple.
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