• FOUNDING YEAR: 2010
    LOCATION:
    Sweden
    REGION:
    Last Update:
    18 Oct, 2019
    Global presence:
    United Kingdom, Germany, Spain, Mexico, Brazil

Description

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:
Viewable by subscribers only
MAIN CLIENTS:
Small businesses

PEOPLE

Board Members and Advisors:
Josh Bell, Daniel Blomquist, Johan Brenner, Laurel Bowden, Nathan Medlock, Vibhor Rastogi, Manuel Silva Martinez, Bjørn Stray
NUMBER OF EMPLOYEES:
501-1000
INVESTORS:
Santander Innoventures, Northzone, Greylock Partners, Intel Capital, Hasso Plattner Ventures, Index Ventures, Creandum, Dawn Capital, Zouk Capital LLP, 83North, American Express, MasterCard, SEB Private Equity, European Fund for Strategic Investments, Dawn Capital, Fourth Swedish National Pension Fund
KEY EMPLOYEES:
Jacob de Geer (CEO); Maria Hedengren (CFO); Magnus Nilsson (COO); Johan Bendz (CMO); Maria Hedengren (CFO)

TRACTION

VALUATION COMMENT
The third party sources claims the company valuation goes up to $950 Mn in the latest round. (Dec 2017)
REVENUE:
$5.0M - $9.99M in 2016
REVENUE COMMENT:
Viewable by subscribers only
TRANSACTIONS VALUE:
$720 MM
OTHER INFO:
In September 2016, iZettle acquired Intelligentpos to expand from mobile payments to broaden their suite of products within commerce solutions.

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$242.51 Millions
DATE OF LAST FUNDING:
Dec 2017
TOTAL FUNDING COMMENT:
The company is planning to use the fund for geographical expansion and product development (Dec 2017).
FUNDING SERIES:
SERIES A
$11.3 Millions Closed: Oct 2011
SERIES B
$38.01 Millions Closed: Jun 2013
SERIES C
$62.4 Millions Closed: Jul 2014
SERIES D
$130.8 Millions Closed: Dec 2017
COMMENTS
SERIES D : An undisclosed fund raised in June 2015.
LISTED:
NO
COMMENT:
Debt financing: $ 83.2 Mn. (Sept 2017)

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