28 November 2015

Square to open New York office to house 350 employees

25 April 2014  |  3875 views  |  0 New York Skyline 2

Payments startup Square is opening an office in New York's SoHo as it prepares to add more than 300 employees in the city.

The San-Francisco-headquartered mPOS pioneer has inked a 10 year lease on a 44,000 square feet space at 375 W Broadway and plans to move in this Summer.

Square already has a small presence in New York thanks to the 2012 acquisition of design agency 80/20. However, the new office will enable it to increase its staff in the city from a couple of dozen to 350.

Demetrios Marantis, head, international government, regulatory, and policy work, Square, says: "We are inspired by the innovation in New York State and thrilled to be near the world's leading financial center and part of its ever-growing tech industry."

Jack Dorsey's firm employs 800 people and recently moved into a new 150,000-square-foot corporate headquarters in San Francisco and also has offices in Atlanta, Kitchener-Waterloo, and Tokyo.

News of the expansion comes days after reports surfaced that Square held talks with Google about a possible sale amid growing losses and a shrinking cash pile.

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

22 April, 2014
28 February, 2014
07 November, 2013
08 November, 2012
24 October, 2012
16 October, 2012
17 September, 2012
05 March, 2012
28 April, 2011
03 March, 2011
02 December, 2009

Related company news


Who is commenting?

Finextra Member Commented on: EPC publishes proposal...
Finextra Member Commented on: EPC publishes proposal...

Top topics

Most viewed Most shared
BBVA buys 29.5% stake in Atom for £45...
7831 views comments | 34 tweets | 41 linkedin
Former Barclays chief forecasts massive jo...
6143 views comments | 28 tweets | 30 linkedin
BNP Paribas to test contactless payment di...
6127 views comments | 17 tweets | 25 linkedin
Hilton confirms data breach
5426 views comments | 11 tweets | 17 linkedin
Alternative payment methods challenge plas...
5259 views comments | 21 tweets | 23 linkedin

Featured job

to $120K base, double OTE, benefits
New York City, NY or Boston, MA (USA)

Find your next job