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Square is a point-of-sale system for merchants with physical or online stores. [1] [2] Launched in 2009 by Block, Inc., [3] it enables sellers to accept card payments and manage business operations. As of 2023, Square is the U.S. market leader in point-of-sale systems, [4] [5] [6] serving 4 million sellers and processing $210bn annually. [7] [8]
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In April 2015, SquareFoot announced its first institutional financing round led by Primary Venture Partners, with participation from RRE Ventures and Triangle Peak Partners. [ 9 ] In 2018, it raised $7 million in funding led by Rosecliff Ventures and other investors including RRE Ventures, Triangle Peak Partners, and Armory Square Ventures.