Square, the fastest-growing mobile payments company in the U.S., has just closed its latest financing round, the start-up told in a short announcement on its website. No details are provided, but according to various sources the company has raised $200 million at a $3.25 billion valuation. By comparison, in its previous funding round last year, Square had raised $100 million at a valuation of $1.6 billion. Since then, the company’s processing volume has grown exponentially and its staff has more than doubled.
Via Philippe J DEWOST