Square to Open East Coast Headquarters in New York City

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Square turns mobile devices into payment systems.

Image: Russel A. Daniels/Associated Press

By Samantha Murphy Kelly2014-04-24 16:03:47 UTC

On the heels of opening a new massive headquarters in San Francisco, mobile payment company Square is now expanding its presence in New York City.

Square, which allows users to accept credit card payments via mobile devices such as the iPhone, iPad and Android smartphones, will be opening an East Coast headquarters in the SoHo neighborhood of Manhattan this summer.

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This isn't Square's first set up in New York. When it acquired design agency 80/20 in 2012, it opened a small Manhattan office, but the new space has room to fit 350 employees.

The news comes amid rumors that Square could be acquired in the near future, with both Google and Apple reportedly interested in acquisition bids. But in a statement provided to Mashable, a Square spokesperson denied acquisition talks.

"We are not, nor have we ever been in acquisition talks with Google, and while we appreciate that Square may be an attractive target for some companies, we have never seriously considered selling to anyone or been in any talks to do so," a spokesperson said.

The move to open a headquarters in New York signals even more growth from the company, which has been aggressively hiring new staffers in the past year. It now employees more than 800 people worldwide and has offices in San Francisco, Atlanta, Tokyo and Kitchener-Waterloo, Ontario.

“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 Gov. Andrew M. Cuomo said in a statement. “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."

In October, Square opened a 150,000 square foot space in San Francisco that is three times the space of its previous location, fitting about 1,000 people — about 400 more than it had at the time.