San Francisco-based mobile payments company Square has secured a revolving credit facility in the low hundreds of millions

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San Francisco-based mobile payments companySquare has secured a revolving credit facility in the low hundreds of millions led by Goldman Sachs with participation from Morgan Stanley, JPMorgan ChaseBarclays, and Silicon Valley Bank.

Square simplifies commerce transactions for individuals and businesses with its credit card reader, point-of-sale system, and personal wallet.

Founded in 2009, Square has raised $341 million in venture funding and will use the new debt financing to fund growth as it expects sales to approach $1 billion this year.

By Jarrett Neil Ridlinghafer 
CTO of the following –
4DHealthware.com
Synapse Synergy Group
EinDrive.com
HTML5Deck.com
PerfectCapacity.com
CSPComply.com
Chief Technology Analyst, Author & Consultant
Compass Solutions, LLC
Atheneum-Partners
Hadoop Magazine
BrainBench.com
Cloud Consulting International

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