Square racks up the credit bill to take on the credit cards #

There’s something delightfully old school and twisted about Square grabbing as much VC capital as possible – another $100 million today, valuing them at over $1 billion -  knowing that the cash is effectively a loan which will have to be paid back (via IPO or a sale) in the future with a lot of return. That’s a huge APR to take on board just to challenge the credit card companies in their own backyard.

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