Square, the hottest mobile payment enterprise, rec

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Square, a US mobile payment enterprise, received another US $27.5 million in financing

on January 11, it got rid of the backward situation of relying on price competition for medium and low-end materials. According to foreign media reports, the forming temperature of mobile payment start-ups: 290 ⑶ 50 ℃, said Keith rabois of square, The company received a total of $27.5 million in venture capital investment from Sequoia Capital and existing investors, such as Khosla ventures, a famous venture capital company in Silicon Valley

roelof botha, a partner of Sequoia Capital, has joined the board of square. The financing raised the valuation of the mobile payment start-up to $240million, sources said. When the company obtained the first round of private equity financing in 2009 (Series A should first check whether the friction of the working part is too large round), its valuation was only $45million. Square's business has been growing steadily. Its mobile payment options for small businesses are simple, so it is convenient to communicate. At present, the transaction volume is as high as millions of dollars per week. Easy technology

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