Swedish Startup Space

Swedish Payment Company iZettle Closes €40 Million Series C Funding Round

Written by on May 9, 2014

iZettle announced that they have closed another funding round. CEO and founder, Jacob de Geer said in an interview that the money will be used to continue building it’s current business and also expand it by acquisitions.

Nathan Medlock from Zouks Growth Capital Team will be joining the iZettle’s board and he comments:

“To pay with card feels natural for most people, and it’s incredibly that millions smaller businesses are still outside because of their size. iZettle enables them to take card payments and makes it easier for them to grow”

iZettle comments on the funding:

“Since we first started the company back in 2010, our mission has been to make the lives of entrepreneurs easier. We started out by focusing on one of their biggest pain points, card payments, but over the years we’ve widened our offer to include more tools to help small businesses run and improve. Today, we have a team of almost 150 employees across all our markets powering and improving our services, all with the aim of helping small businesses grow their business.”

Today’s announcement means we’ll be able to continue on this mission. The new funding will help us launch exciting new tools that make running a small business easier, and to identify new potential territories for expansion.”

Source: TechCrunch

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