Seeking Alpha

Square may hit $6B valuation with new funding talks

  • Mobile-payment startup Square is in talks to raise $200M in financing for a $6B valuation, which would push up the company's earlier $5B estimate. Some of the funding is expected to come from the Government of Singapore Investment Corp.
  • Square still faces heavy competition from PayPal's mobile-payments device and Amazon's new credit card reader unveiled earlier this month.
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