Jack Dorsey’s Square raises US$100m

Twitter co-founder Jack Dorsey’s technology company Square, which enables e-payments anywhere, has raised US$100m in Series C funding, valuing the company at more than US$1bn.

The marketplace for mobile device payments is beginning to open up and last week Google chairman Eric Schmidt said the market could be worth US$1trn within a few years as various platforms, including near field communications (NFC) and iOS-styled browser payments, make it easier and simpler for people to buy goods and services electronically.

via Jack Dorsey’s Square raises US$100m – Start Ups – Start-Ups | siliconrepublic.com – Ireland’s Technology News Service.

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