payments . mobile/digital wallet . pos/mobile pos . sme financing . b2b fintech
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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.
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)
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.
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.
Small businesses
The third party sources claims the company valuation goes up to $950 Mn in the latest round. (Dec 2017)
For Profit
$5.0M - $9.99M in 2016
The company earns revenue $76.3 M and it increases 60% revenue growth year on the year 2015. (July 2017)
$720 M
In September 2016, iZettle acquired Intelligentpos to expand from mobile payments to broaden their suite of products within commerce solutions.
Jacob De Geer
Magnus Nilsson
Josh Bell
Daniel Blomquist
Johan Brenner
Laurel Bowden
Nathan Medlock
Vibhor Rastogi
Manuel Silva Martinez
Bjørn Stray
201-500
European Fund for Strategic Investments
Fourth Swedish National Pension Fund
European Investment Bank (EIB)
Jacob de Geer (CEO); Maria Hedengren (CFO); Magnus Nilsson (COO); Johan Bendz (CMO); Maria Hedengren (CFO)
YES
7
$113.7 M
Dec 2017
Private
The company is planning to use the fund for geographical expansion and product development (Dec 2017).
$100M to $500M
SERIES A · $11.26 M · Oct 2011
SERIES B · $31.58 M · Jun 2012
SERIES C · --- · Jun 2015
SERIES D · $16.86 M · Sep 2016
SERIES E · $47.35 M · Dec 2017
OTHERS · $6.65 M · Jun 2013
$35.98 M
NO
Debt financing: $ 83.2 Mn. (Sept 2017)
PayPal
May 2018
$2.2 B
1,023,078
1,139,690.13
7.36%
275
5.34%
4.42
-8.75%
53.86%
1.46%
40,868
-6,501
-13.72%
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