June 26th 2023.
Squire, the revolutionary barbershop scheduling app, has achieved a major milestone – surpassing $1 billion in payments processed. Songe LaRon, the company’s co-founder, proudly shared the news in a series of tweets.
“It took two years to reach our first $1 million, 5.5 years to $100 million, and now we surpassed $1B,” LaRon said. “Every dollar reflects the hard work of our team and the dedication of the barbers we serve, and I’m deeply grateful to every shop owner, barber, and team member who’s been part of this journey.”
Squire, which is currently valued at $750 million, was launched in 2016 with the goal of providing barbers and clients with an easy and efficient way to find each other. This all-in-one barbershop business management system helps professionals keep customers, manage operations, and boost revenue. Featuring Instagram booking, contactless payments, and virtual waiting rooms, Squire stands out from other apps with its unique features.
The company’s success is due in large part to the commitment of its founders. LaRon and his business partner, Dave Salvant, bet on themselves in order to launch the app, as reported by AfroTech. Salvant said, “My co-founder was working at a law firm and quit his job. We had to figure out if we believed strongly enough in this to leave our jobs and institutions – people think about that all the time.” Thanks to successful funding rounds from ICONIQ Capital, Trinity Ventures, and other investors, that bet has paid off tremendously.
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