Square gets into the cash-advance game for small retailers as Square Capital exits pilot phase


While it has been rumored to be in the works for a while already, US payments startup Square has officially announced it’s getting into the merchant cash advance game with a new service called Square Capital. The program is designed to help businesses grow by serving up quick and easy access to funds “in a way that’s easy to understand”, as the San Francisco-based startup puts it. In short, Square is looking at ways to help smaller, independent companies access capital without months of paperwork and complex application processes. So why would Square wish to do this? Well, so it...

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