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Square Raising New Investment at $6 Billion Valuation

Jason Del Rey has been a business journalist for 15 years and has covered Amazon, Walmart, and the e-commerce industry for the last decade. He was a senior correspondent at Vox.

Square, the small-business payments and software company led by Jack Dorsey, is in the process of raising funding from investors including the Government of Singapore Investment Corporation that will value Square at $6 billion, multiple sources told Re/code. CNBC, which first reported the news, said Square was aiming to raise about $200 million. Square was most recently valued at $5 billion when investors bought shares from employees earlier this year.

This article originally appeared on Recode.net.

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