Square, the platform that allows business owners to accept payments on-the-go, announced last week that it will open a permanent office in New York just one mile from Wall Street later this year.
Square will move into the office, which will be located in the SoHo neighborhood on West Broadway, in the summer.
“New York exerts a significant impact upon global commerce, technology, and art — something we do every day at Square as we help local sellers grow their business with simple and beautiful tools,” Demetrios Marantis, the head of international government and regulatory and policy work at Square, said. “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.”
Last October, the company acquired New York design agency 80/20 and opened its first New York office. The new office will expand Square’s New York team to over 350 employees, bringing the total number of employees at the company to more than 800 worldwide. The company has offices in San Francisco, Atlanta, Kitchener-Waterloo in Canada and Tokyo.
More than 100,000 sellers accept payments with Square in the New York metropolitan area, which has helped to facilitate over $1 billion in commerce.
“Square’s decision to create a new East Coast headquarters in SoHo is the latest in a growing trend of start-up, innovative tech industry firms that have chosen New York State as the place to expand their business,” New York Governor Andrew M. Cuomo said. “With a highly talented workforce, a government committed to cutting barriers to growth, and a business climate that inspires innovation, the rapid expansion of the tech sector in New York State proves our economic strategy is working. I welcome Square to New York, and congratulate the company on this decision to expand here in SoHo…”