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Payments processing startup Square has now brought its service to Canada, its first step outside of the U.S.
Square has been focused on the U.S. market since its launch in 2009, and now more than 2 million people and businesses accept credit cards with Square’s dongle for smartphones and tablets. Square claims it now processes more than $8 billion in transactions on an annualized basis.
“We are focused on making commerce easy for everyone,” said Alyssa Cutright, Square’s VP of international, in a canned statement. “Square builds free tools for local businesses of all sizes and types to thrive. We’re thrilled to introduce Canadian businesses and their customers to the most seamless and enjoyable way to do business.”
San Francisco-based Square has raised more than $341 million in funding to date. Investors include Kleiner Perkins Caufield & Byers, Sequoia Capital, Citi Ventures, Rizvi Traverse Management, CrunchFund, and Starbucks.