Friar will become Square’s first chief financial officer as the company continues to expand quickly: in the past year, it has grown from 80 employees to over 300.
Founded in 2009, Square now processes over $6 billion in payments on an annualized basis, enabling over 1 million individuals and businesses to accept credit cards with its solution, the company asserts.
Its hard to even say anything smart (or witty) about that kind of growth. I’ve been a user of Square since it was in beta, and it really is close to a perfect service. $6 billion is going to seem awful small compared to what they will be processing a few years from now.
Kinda scary that Twitter may be the second most revolutionary product to come from Jack Dorsey’s brain, eh?