News Articles

iZettle picks up £20 million in new funding

Mobile payment provider iZettle has completed a €25 million (£20.2 million) round of new funding led by Greylock Partners and Northzone, with MasterCard and SEB Private Equity investing as well. Previous investors Index Ventures and Creandum have also participated.

iZettle turns an iPhone or iPad into a credit card terminal using a mini chip-card reader and app. It’s currently available in Sweden, Denmark, Finland, Norway and the UK. The new funds will be used to help introduce iZettle in additional markets, both in Europe and elsewhere in the world

Laurel Bowden from Greylock will be joining iZettle’s board of directors. She said “iZettle is the first and only company to develop an affordable chip-card reader and app for smartphone-based mobile commerce that meets all of the rigorous international security requirements. They’ve proved they’re ready to step up their game in this very complex and competitive industry.”

We spoke to iZettle CEO Jacob de Geer at Mobile World Congress in February. You can listen to the interview (which starts after around 12 minutes) via the built-in audio player below or by downloading the MP3 file.
Print
Author: The Fonecast
0 Comments
Rate this article:
No rating

Categories: Applications, NewsNumber of views: 3097

Tags: payments ipad iphone mastercard izettle

Leave a comment

Name:
Email:
Comment:
Add comment

Name:
Email:
Subject:
Message:
x

Follow thefonecast.com

Twitter @TheFonecast RSS podcast feed
Find us on Facebook Subscribe free via iTunes

Archive Calendar

«October 2017»
MonTueWedThuFriSatSun
2526272829301
2345678
9101112131415
16171819202122
23242526272829
303112345

Archive

Terms Of Use | Privacy Statement