31 October 2014

Larry Summers joins Square board

23 June 2011  |  6460 views  |  0 iphone apps on screen

Larry Summers, former Treasury secretary and chief economic adviser to President Obama, has joined the board of mobile payments outfit Square.

As well as serving both presidents Clinton and Obama, Summers is a former president of Harvard. He joins venture capitalist and Sun Microsystems co-founder Vinod Khosla who also recently joined the Square board.

Led by Twitter co-founder Jack Dorsey, Square provides merchants with a piece of plastic that fits in to the headphone jack of handsets and acts as a card swipe for processing payments.

According to some press reports, the fast-growing firm is currently putting together a $50 million funding round that would give it a $2 billion valuation.

Says Dorsey: "Square is at a key point in our trajectory and we know Larry will contribute tremendous wisdom and expertise toward our continued success."
KeywordsEFTPOSPEOPLE

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

24 May, 2011
03 May, 2011
28 April, 2011
22 March, 2011
10 March, 2011
03 March, 2011
11 January, 2011
10 November, 2010
02 December, 2009

Related company news

 

Featured job

Basic 1-1.3 million SEK - OTE 2.5 million SEK - NO...
Stockholm (possibly Oslo or Copenhagen)

Find your next job