Taking a page from McDonald’s legendary XX billions of hamburgers served signs, Square founder Jack Dorsey tweeted on Wednesday (Nov. 5) that a Sacramento merchant has recently accepted Square’s one-billionth swipe through Square.
The tweet, sent in the early afternoon, is an impressive datapoint for the five-year-old firm. Square has just pulled in $150 million in funding, bringing its total raised dollars to $590 million, VentureBeat reported.
“Square started with a simple card-swipe device that could be tacked onto a mobile phone or tablet, enabling small businesses wary of the costs associated with payment terminals to accept credit cards. Since then, the company has expanded into a provider of small business software with tools like its register platform, appointments app, analytics, and inventory management apps,” the story noted. “Square has also branched out into small-business lending with Square Capital, and it’s kept a hand in consumer products with its peer-to-peer payment app, Square Cash, as well as its order-in-advance restaurant app, Square Order.”
