Square

Payment and POS solutions for businesses

San Francisco, California, United States

About Square

Square provides payment and point-of-sale (POS) solutions for businesses, particularly small to medium-sized enterprises (SMEs) like retail stores and restaurants. Its main product is a POS system that includes card readers and a software platform, enabling businesses to accept various payment methods such as credit cards and mobile payments. Square also offers additional services like invoicing, payroll management, and business analytics, making it a comprehensive tool for managing business operations. What sets Square apart from competitors is its user-friendly design and transparent fee structure, which charges a small fee per transaction processed. The company's goal is to empower SMEs by simplifying payment processing and business management.

San Francisco, CaliforniaHeadquarters
2009Year Founded
$601.2MTotal Funding
POST_IPO_EQUITYCompany Stage
Fintech, Financial ServicesIndustries
5,001-10,000Employees

Risks

Increased competition from companies like Toast threatens Square's market share.
Volatility in fintech stocks may impact Square's stock performance.
Expansion into beauty and wellness sectors may face challenges from established players.

Differentiation

Square offers a comprehensive suite of payment and POS solutions for SMEs.
The company integrates hardware and software for seamless business operations.
Square's transparent transaction fee structure appeals to small business owners.

Upsides

Partnership with Salt Edge enhances Square's open banking capabilities in the UK.
Collaboration with Sysco boosts Square's presence in the restaurant technology sector.
New features for beauty and wellness sellers expand Square's market reach.