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Square Acquires Fastbite To Add Cheap, Fast Meals To Caviar

TECHCRUNCH: When Square bought food delivery startup Caviar last summer, it seemed like a strange acquisition for the payments company. But over time it’s become clear that Square is committed to competing in the increasingly crowded food-delivery segment. Thanks to its recent acquisition of San Francisco-based food delivery startup Fastbite, it’s adding a whole new option to Caviar that will reduce the cost of meals and time customers spend waiting for them to be delivered. By doing so, it will compete more directly with local food delivery services like Sprig and Spoonrocket. (more…)

Fintech news, news, POS/mPOS and online acquiring

April 9, 2015