Square Acquires Evenly, a Bill-Splitting App

Square has acquired the team behind Evenly, a mobile payment application, the two companies announced Wednesday. Terms of the deal were not immediately disclosed

Evenly was founded in 2012 with the goal of taking the headache of splitting bills with friends, not unlike other mobile payment apps like Venmo and WePay. The app will be shut down early next year and the team will join Square to work on "seller initiatives."

"At Square, we'll help make commerce easy for millions of buyers and sellers," Evenly's team wrote in a statement on its website. "Together, we'll continue to bring simplicity, transparency, and immediacy to commerce." Read more...