Sign up to receive 5 free days of our daily summary for tech news.


In Crunch Time, Square Considers Giving Capital to Businesses

Square is moving further beyond the swipe.

The payments company has begun testing a way to give Square merchants thousands of dollars to help them grow, according to three people familiar with the effort. The early-stage test is part of the startup’s push to diversify beyond processing credit cards for small businesses, a competitive and low-margin business.

Square has also been considering raising another round of funding that would put an initial public offering off beyond 2014, these people say. Earlier this year, Square authorized a tender offer to allow employees to sell some stock at a $5 billion valuation. The company is waiting a bit longer before deciding whether to proceed with another fundraising round, one of these people said. A number of media reports have said Square was considering going public this year.

A Square spokesman declined to comment on future products and fundraising.

The moves come at a crunch time for the five-year-old company.

What Is The Information?

Notes bb3aa5069205d702dda37fc71dc6f1c59df2310c4379304e9f1199f052af4884

Exclusive Articles

We broke it first. Receive original reporting you won't read anywhere else from the largest newsroom in tech.

Notebook b5103017ee163370a1667c9ce59ab0ef023875a17888105d26c185cadf31bb69

Daily news analysis

Every weeknight, we'll send you our reporters’ views on the day’s top tech news—distilled into one email.

Conference calls c9e664e8b96ee347d3e92b8309938f268422b9db98cfabca5c826fbb75054b23

Conference calls

Get access to our reporters and other top executives with monthly deep-dive calls into topics like startups and autonomous vehicles.

Events 499acedd16cffc41445edd76bfd302b2836c2a27419890f17130a6b10e2aa3df

Special Events

For no extra fee, get access to more than a dozen events yearly, from intimate dinners to larger gatherings with marquee speakers.

What else is included in my subscription?

Become a contributor

Share your views and find other subscribers by completing your profile. You’ll be listed in our contributor directory.

Slack community

Discuss topics and current events with our subscriber-only Slack group and share news about your company with other subscribers.

Annual Subscriber only benefits:

Org Charts

Access the only collection of tech company org charts. Our expanding database includes companies like Amazon, Snap, and Uber.

Crypto Newsletter

Our experts investigate the latest in the crypto world to keep you in-the-know about the movements of digital currencies.

Stay up to date on Silicon Valley

Sign up for Jessica Lessin’s (The Information’s CEO & Founder) free Saturday newsletter and also receive a complimentary week of our daily afternoon tech commentary email.

Already a subscriber? Log in here

Recent Articles

Startups Amazon

Amazon’s Lending Biz Growing—Within Limits

By Eugene Kim

Startups Media/Telecom

Rizvi Scales Back

By Alfred Lee and Martin Peers

Enterprise Startups Amazon Google Facebook Apple Uber/Lyft Media/Telecom

Move Over, Amazon. Smaller Tech Stocks Surge

By Alfred Lee and Mike Sullivan


Tech Firms Face Reckoning Over Homelessness Crisis

By Cory Weinberg

To fulfill its big valuation, and CEO Jack Dorsey’s ambitions to reinvent payments, the company needs new products targeted at consumers and products with higher margins.