iZettle

paymentsmobile/digital walletpos/mobile possme financingb2b fintech

STATUS: Acquired/Merged
FOUNDING YEAR: 2010
LOCATION:
Last Update: 04/07/2020

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About

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)

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.

People

FOUNDERS

Jacob De Geer

Magnus Nilsson

BOARD MEMBERS AND ADVISORS

Josh Bell

Daniel Blomquist

Johan Brenner

Laurel Bowden

Nathan Medlock

Vibhor Rastogi

Manuel Silva Martinez

Bjørn Stray

NUMBER OF EMPLOYEES

201-500

INVESTORS:

83North

American Express

American Express

American Express

Creandum

Dawn Capital

European Fund for Strategic Investments

Fourth Swedish National Pension Fund

Greylock Partners

Hasso Plattner Ventures

Index Ventures

Index Ventures

Index Ventures

Intel Capital

Intel Capital

Intel Capital

Mastercard

Mastercard

Mastercard

NorthZone

Santander InnoVentures

Santander InnoVentures

Santander InnoVentures

SEB Private Equity

Zouk Capital LLP

KEY EMPLOYEES:

Jacob de Geer (CEO); Maria Hedengren (CFO); Magnus Nilsson (COO); Johan Bendz (CMO); Maria Hedengren (CFO)

Momentum

FUNDED

YES

TOTAL FUNDING

$242.51 M

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 M  · Oct 2011

SERIES B  · $38.01 M  · Jun 2013

SERIES C  · $62.4 M  · Jul 2014

SERIES D  · $130.8 M  · Dec 2017

LISTED

NO

COMMENT

Debt financing: $ 83.2 Mn. (Sept 2017)

BASICS

STATUS:

Acquired/Merged

FOUNDING YEAR:

2010

LOCATION:

Views:

981 VISITORS | 1535 VIEWS
LATEST FUNDING ROUND

$243 M

TOTAL EMPLOYEES
201-500

About

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)

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