Square may hit $6B valuation with new funding talks

|By:, SA News Editor

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.