Square Reportedly Raising $200 Million at $6 Billion Valuation

Square

Square may be looking for a new cash infusion.

The mobile payment startup is said to be in the process of raising about $200 million at a $6 billion valuation, according to CNBC. At least some of that capital is reportedly coming from the Government of Singapore Investment Corporation.

A rep for Square declined to comment on the report.

Square, run by Twitter cofounder Jack Dorsey, was at one point viewed as a likely contender to go public this year, but reportedly put off that plan for the foreseeable future. The company is said to have posted a $100 million loss in 2013 and was rumored to have been in acquisition talks Read more…

More about Funding, Square, and Business

via Mashable http://ift.tt/1mShyap

Seth Fiegerman

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