Square's app and system lets buyers make mobile payments as an alternative to NFC.
(Credit:
Square)
Mobile payments start-up Square has acquired a $100 million investment from venture capital giant Kleiner Perkins Caufield & Byers, valuing the company at more than $1 billion.
The company announced the investment on its Twitter feed. "To continue to empower everyone to accept payments anywhere, we've raised $100 million in our Series C Financing, led by @kpcb," the company tweeted. KPCB
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