iZettle

paymentsmobile/digital walletpos/mobile possme financingb2b fintech

STATUS: Acquired/Merged
FOUNDING YEAR: 2010
LOCATION: Sweden
Last Update: 05/04/2021

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About

iZettle, a member of the PayPal family, is on a mission to help small businesses succeed in a world of giants. Founded in Stockholm in 2010, the financial technology company revolutionised mobile payments with the worlds first mini chip card reader and software for mobile devices. Today iZettles commerce platform for small businesses in Europe and Latin America provides tools to get paid, sell smarter and grow your business.

MEDICI Analysis

iZettle was acquired by Paypal in May 2018, it is a mobile payments company based in Stockholm, Sweden and markets a single application and service called iZettle. The company offerings include everything from credit card readers to complete point of sale solutions and free sales overview tools. Currently, it operates in 10 locations in Europe and Latin America region. (Dec. 2017)

Focus

PRODUCTS & SERVICES

Cloud-based POS solution provider for business merchants. The company offers various products and services including: iZettle POS: It is a POS system that supports card, mobile and invoice. With iZettle’s app merchants can analyze credit card transactions and relay detailed information, i.e. top selling products and average payment volume. iZettle card reader: It a hardware device that allows customers to accept both credit cards and contactless payments. iZettle Invoice: It enables small business owners to create and send invoices with just a few clicks, get paid faster and skip the hassle of manual administration and payment reminders. iZettle Cash advance: It provides advance cash facility for businesses to grow.

REVENUE MODEL

The company generates revenue from different channels: 1. It charges fixed transaction fee: a) Card reader: 1.75% b) Invoice transaction fee: 2.5% and c) It provides different slab rates for business based on their monthly transactions volume. 2. It offers monthly plans: a) Basic plan (Go): £0/month b) Premium plan (Go PLUS): £20/ month and c) It offers customized plans for businesses with a monthly turnover above £25,000. 3. It charges a one time fixed fee for cash advance services. 4. It earns money by selling card readers.

MAIN CLIENTS

Small businesses

Traction

VALUATION COMMENT:

The third party sources claims the company valuation goes up to $950 Mn in the latest round. (Dec 2017)

COMPANY TYPE:

For Profit

REVENUE

$5.0M - $9.99M in 2016

REVENUE COMMENT:

The company earns revenue $76.3 M and it increases 60% revenue growth year on the year 2015. (July 2017)

TRANSACTIONS VALUE:

$720 M

OTHER INFO:

In September 2016, iZettle acquired Intelligentpos to expand from mobile payments to broaden their suite of products within commerce solutions.

company provided insights
Acquisitions

M&A

ACQUIRED BY

PayPal

ANNOUNCED DATE

May 2018

PRICE

$2.2 B

company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

1,023,078

AVERAGE VISITS (6 MONTHS)

1,139,690.13

MONTHLY VISITS GROWTH

7.36%

VISIT DURATION

275

VISIT DURATION GROWTH

5.34%

PAGE VIEWS VISIT

4.42

PAGE VIEWS VISIT GROWTH

-8.75%

BOUNCE RATE

53.86%

BOUNCE RATE GROWTH

1.46%

GLOBAL TRAFFIC RANK

40,868

MONTHLY RANK CHANGE

-6,501

MONTHLY RANK GROWTH

-13.72%

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