In April, Visa provided an undisclosed amount to Square and has been joined by venture capital firm Kleiner Perkins Caufield & Byers led the round, and was joined by hedge fund Tiger Global Management and peers Sequoia Capital and Khosla Ventures.
Square, a US-based a mobile phone credit card reader backed by Visa, has raised $100m from financial investors.
Venture capital firm Kleiner Perkins Caufield & Byers led the round, and was joined by hedge fund Tiger Global Management and peers Sequoia Capital and Khosla Ventures.
In April, Visa provided an undisclosed amount to Square.
The strategic corporate venturing investment came 12 months after Visa linked up with DeviceFidelity to launch its version, In2Pay, of Square’s service.
Visa has been moving…
