iZettle

Company

Investment-firm

Last deal

$47.35M
Local Amount - EUR 40M

Amount

Series E

Stage

13.12.2017

Date

3

all rounds

$332.8M

Total amount

Financing round

General

About Company
iZettle offers financial technology services for small businesses to improve payments, management, analytics, engagement, and funding.

Industry

Sector :

Subsector :

Keywords :

Also Known As

iZettle

founded date

01.04.2010

Number of employees

Company Type

For Profit

Last funding type

Series E

IPO status

Private

Description

The company, based in Stockholm, offers a web and mobile-based payment application that includes a card-reader for mobile devices and tools for payment collection, management, and sales. Zettle by PayPal, founded in 2010, has revolutionized mobile payments and joined PayPal in 2018, providing a commerce platform for small businesses in Europe and Latin America to get paid, sell smarter, and grow their business.
Contacts
Legal Names

Legal name

iZettle AB
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M&A Details
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Transaction name

Acquired by

PayPal

announced date

17.05.2018

price

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Financials

Funding Rounds
11
3

Number of Funding Rounds

$332.8M

Money Raised

Their latest funding was raised on 13.12.2017. Their latest investor 83North. Their latest round Series E

Date 
Funding Round 
Investors 
Money Raised 
Lead 
13.12.2017
3
$47.35M
Local Amount - EUR 40M
19.09.2017
1
$35.98M
Local Amount - EUR 30M
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Local Amount - EUR 45M
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Co-Investors
Investors
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10

Number of lead investors

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Laurel Bowden

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Ben Holmes

Ben Holmes

Ben is a Partner at Index Ventures, having joined the London office in 2002. Ben focuses on the software and internet sectors and has been actively involved with many of the firm's consumer and media investments. He currently sits on the boards of Astley Clarke, Grey Area Labs, iZettle, Just-Eat, King.com, Mind Candy, Notonthehighstreet, Rebtel, Secret Escapes, Shapeways, Stardoll and Twoo. He was previously a Director of Panther Express and Playfish (Electronic Arts). Prior to joining Index Ventures, he worked at the NewMedia Spark investment fund, before becoming Vice President at EO plc, a Spark portfolio company in the consumer financial services sector. Previously he spent four years at OC&C Strategy Consultants, advising firms in the retail and IT sectors. He has a Masters degree in Engineering, Economics and Management from Oxford University.

count Of Investments

11

count Of Exists

1
Acquisitions
1
Acquiree Name 
Date 
Price 
Acquisition Name 
Intelligent Point of Sale acquired by iZettle

Intelligent Point of Sale acquired by iZettle

acquirer

iZettle
iZettle

date

06.09.2016

type

Acquisition
Intelligent Point of Sale

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Intelligent Point of Sale is an affordable iPad-based point of sale system for small to medium retailers and hospitality operators.

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Subsector

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Location

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$767.52K

People

Founders
2
Magnus Nilsson
Magnus Nilsson

Magnus Nilsson

Magnus Nilsson a Swedish serial entrepreneur and the founding COO of iZettle, the fast-growing payments company whose first service whose first service consists of an app, a chip-card reader and a free business management software tool, the iZettle Portal. iZettle lets anyone take card payments and manage and grow their business. Magnus started his career at the EF Education Group, where he headed up commercial activities in the US. He then became President of EF Europe and subsequently Executive Vice President of the EF Education Group. Magnus was with EF Education for over 13 years. After leaving EF Education in 1996, Magnus was part of the founding team and also worked as an executive director at Novestra AB, a publicly listed investment company, as CEO at Wayfinder Systems, a consumer technology company and as founder and Chief Executive at Nordic Wireless, an investment company focusing on opportunities in the TIME (Telecom, Internet, Media and Entertainment) industries. Under Magnus’s leadership, Wayfinder floated on the Swedish stock exchange and the company was acquired by Vodafone in February 2009. Since January 2010, Magnus is fully focused on his work with iZettle. The mission is to democratise card payments and give individuals and small businesses the possibility to accept card payments in a simple, affordable and secure way.

current job

iZettle
iZettle

count Of Investments

2

Magnus Nilsson

Jacob De Geer
Jacob De Geer

Jacob De Geer

Jacob de Geer is a Swedish serial entrepreneur and co-founder and CEO of iZettle, the fast-growing mobile payments company that lets anyone take card payments and manage and grow their business. Before starting iZettle, Jacob was the first employee at performance marketing firm TradeDoubler. Here he helped to build one of the largest advertising networks in Europe before leaving to co-found movie sharing firm, Ameibo, and Tre Kronor Media, an award-winning communications agency. Both companies were acquired in 2010. Now, Jacob is fully focused on democratising payments around the world through his latest venture, iZettle.

current job

iZettle
iZettle

count Of Investments

7

Jacob De Geer

Employee Profiles
98

Donald Brouwer

Market development lead

Safe Christo Papadopoulos

Technician manager, engineering

Rosalyn Knapp

Rosalyn Knapp

Lead Product Manager

Krishna Pmv

Devops

Shumel Rahman

Application manager

Luciana Terceiro

Senior user experience designer

Rebecca Birge

Senior user researcher

Isabella Silveira

Senior web developer

Activity

Recent News
1