Square Poaches CFO From Salesforce

Sarah Friar will help lead the startup's international expansion.

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    NEWSLETTERS

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    Square CEO Jack Dorsey has a new CFO.

    Jack Dorsey's mobile payment startup Square has poached a senior executive from just a few blocks down the road to lead the company's international expansion.

    Square announced Wednesday that it has hired Sarah Friar as the company's new chief financial officer.

    Friar was most recently the senior vice president, finance and strategy, for Mark Benioff's enterprise cloud-computing company Salesforce.com.

    "Square was founded on a commitment to help people start and grow their business," Friar said in a statement. "I'm thrilled to join a company driving meaningful economic growth while revolutionizing the payment experience for consumers."

    Square allows users to make mobile payments or accept credit cards by adding a small plastic device to the top of an iOS or Android-powered device. Currently the service is only available in the United States but it is looking to expand internationally.

    The startup has been expanding rapidly over the past year. Since 2011, Square has grown from 80 employees to over 300 and it is still expected to grow to 500 employees.

    The 3-year-old company is also reportedly looking to raise $250 million for a $4-billion valuation this year.