Virgin tycoon Branson invests in Square

Nov 08, 2011
Square, a start-up from a co-founder of Twitter, said Tuesday that Virgin tycoon Richard Branson, pictured in October 2011, has invested in the mobile payments company.

Square, a start-up from a co-founder of Twitter, said Tuesday that Virgin tycoon Richard Branson has invested in the mobile payments company.

Square, which allows anyone to accept on a mobile device, did not reveal how much the British billionaire has invested in the San Francisco-based company launched last year by Twitter co-founder Jack Dorsey.

In a statement, Virgin said Branson was interested in Square's "rapid growth and ."

"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," Branson said.

Square, which makes a free for the iPhone, iPad, and Android devices, recently closed a $100 million round of financing led by venture capital firm Kleiner Perkins Caufield & Byers.

Square said Tuesday that it has shipped more than 800,000 card readers to merchants and is processing over $2 billion in payments a year.

Explore further: Alibaba surges in Wall Street debut (Update)

add to favorites email to friend print save as pdf

Related Stories

Payment startup Square rolls out iPad sales app

May 23, 2011

(AP) -- First, mobile payment service Square made it easier for merchants to accept credit cards anytime, anywhere, with just a smart phone and a tiny, plastic credit-card reader. Now the startup led by Twitter co-founder ...

Mobile pay start-up Square valued at $1 bln: report

Jun 29, 2011

A group of investors plan to buy a stake in Square that would value the mobile payment start-up at $1 billion even as it competes with much larger rivals, the Wall Street Journal reported Wednesday.

Swipe Your Credit Card on a Cell Phone

Dec 07, 2009

(PhysOrg.com) -- With a small card reader that attaches to a cell phone, a new company is making it easier for small businesses and even individuals to accept credit card payments. The San Francisco start-up, ...

Recommended for you

Alibaba makes Wall Street debut

Sep 19, 2014

Alibaba made its long-awaited Wall Street debut Friday on the heels of a record stock offering that opens the door to global expansion for the Chinese online retail giant.

Alibaba IPO to boost employee fortunes to $8 bn

Sep 19, 2014

Employees of Chinese e-commerce giant Alibaba will see their fortunes swell to nearly $8 billion as the company prepares a massive US stock offering that could be valued at $25 billion.

Alibaba mega IPO caps founder Jack Ma success tale

Sep 19, 2014

When Jack Ma founded Alibaba 15 years ago he insisted the e-commerce venture should see itself as competing against Silicon Valley, not other Chinese companies. That bold ambition from a time when China was ...

User comments : 1

Adjust slider to filter visible comments by rank

Display comments: newest first

Isaacsname
not rated yet Nov 08, 2011
Caption this photo:

" I'm thinking about commercial space flight and eating this invisible sammich "