Wednesday , 17 October 2018
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Square acquires Canadian payments company Kili

Square acquires Canadian payments company Kili

Today Square announced it’s acquired Kili Technology, a payment processing company headquartered in Toronoto, Canada.

In a blog post announcing the deal, Square details its rationale: “The payments landscape is changing faster than ever — from EMV to NFC,” Square said. “That’s why we’ve acquired Kili Technology, a company that has developed silicon, electronics, and software that simplify and optimize payment processing.”

Square says the company will “continue operations” following the acquisition: “Their headquarters will become our second office in the country.”

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