Square Acquires Evenly

squareSquare, the provider of a mobile payment solution, acquired Evenly, a San Francisco, CA-based payment solution that allows people to split bills.

The amount of the transaction was not disclosed.

According to the company’s site, Evenly will shut down in early 2014 and the team will join Square.

Co-founded by Zach Abrams and Sean Yu, Evenly has built a solution to allow users to add a card to their wallet and pay anyone, to collect money, and deposit the cash into any bank account.



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