
Mobile-payments startup Square said today that it is now processing $10 billion in transactions a year.
That's a major milestone for a company that announced just seven months ago that it had hit $5 billion in annualized transactions, and two months ago that it had passed the $8 billion mark. In October, 2011, the number was $2 billion.
Founded by Twitter co-founder Jack Dorsey, San Francisco-based Square has become a leader in the mobile-payments space, growing to the point that last week, Starbucks integrated its service into the coffee giant's 7,000 U.S. stores.
In a tweet this morning, Square wrote, "Today we're processing $10B in payments annually, an amazing and humbling milestone. To the small businesses growing with Square, thank you."
Today we're processing $10B in payments annually, an amazing and humbling milestone. To the small businesses growing with Square, thank you.
— Square, Inc. (@Square) November 14, 2012
Be respectful, keep it civil and stay on topic. We delete comments that violate our policy, which we encourage you to read. Discussion threads can be closed at any time at our discretion.