VentureBeat – 5/12/15: Square has been busy building up cash reserves for its small business cash advancement program. The new financing comes from three investors, including Colchis Capital and existing investor Victory Park Capital. A spokesperson for Square says the deal will add hundreds of millions of dollars to the program in addition to Square’s own investment.
Click here to read more: http://venturebeat.com/2015/05/12/square-to-expand-loan-business-after-doling-out-25m-in-april
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