Square CEO Jack Dorsey said today Virgin founder Richard Branson has invested in Square.Branson took part in Square’s most recent round of funding. Square raised $100 million in its third round of funding, which was led by Kleiner Perkins Caufield & Byers.
Here’s the statement from Virgin:
Richard Branson took interest in Square’s rapid growth and novel technology, in particular its free hardware that allows anyone to accept credit card payments anywhere, anytime.
He said: “I’m very passionate about helping people start and grow successful businesses, and Square is an incredible technology that inspires and empowers everyone to be an entrepreneur.”
Square now processes more than $2 billion in payments each year and plans to expand internationally next year, the company said.