Square, the producer of a tiny credit card reader, may soon get a massive cash infusion.
The mobile payments startup is reportedly set to raise $200 million, which would give the company an implied valuation of $3.25 billion, Dealbook’s Evelyn Russli reported Tuesday, citing sources briefed on the deal. The financing is expected to come from Rizvi Traverse Management, a small private equity firm, sources told the reporter.
