iZettle

iZettle (Acquired/Merged)

payments | mobile/digital wallet | pos/mobile pos | sme financing | b2b fintech
website linkedin address
  • FOUNDING YEAR: 2010
    LOCATION:
    Sweden
    REGION:
    Last Update:
    18 Oct, 2019
    Global presence:
    United Kingdom, Germany, Spain, Mexico, Brazil

Description

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:
Viewable by subscribers only
MAIN CLIENTS:
Small businesses

PEOPLE

MEDICI analysts will analyze iZettle soon

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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