Square recorded a loss of roughly $100 million in 2013, broader
than its loss in 2012, according to two people familiar with
The five-year-old company paid out roughly $110 million more in
cash last year than it took in, according to two people familiar
with the matter. Over the past three years, the startup has
consumed more than half of the roughly $340 million it has raised
from at least four rounds of equity financing since 2009, two
people familiar with the company’s performance said.