Mobile payment start-up company Square has secured $100 million in venture financing, The Wall Street Journal reports. The financing round was led by venture capital firm Kleiner Perkins Caufield & Byers (KPCB). New York firm Tiger Global Management also participated, adds Reuters. The San Francisco-based company intends to use the funding to increase its growth. Mary Meeker has been appointed to represent KPCB on Square’s board.

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