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Mobile & Wireless

iZettle raises EUR 40 mln in latest funding round

Friday 9 May 2014 | 09:47 CET | News
European mobile payments services and app provider iZettle raised EUR 40 million during its last funding round led by London-based investor Zouk Capital. Dawn Capital and Intel Capital also contributed, joined by early investors Creandum, Greylock Partners, Index Ventures, Northzone and SEB Private Equity.  Investors in previous rounds included, American Express, MasterCard and Banco Santander. Nathan Medlock, a principal in Zouk's Growth Capital Team will join the iZettle board. IZettle said it will use the funding to continue growing in existing markets as well as to identify new potential territories for expansion. The provider launched in 2011. Its app, Chip & Pin and Chip & Signature readers, as well as free business management software are currently available in Mexico and Brazil, as well as in the UK, Spain, Germany, Sweden, Denmark, Norway and Finland.

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Categories: Mobile & Wireless
Companies: Intel / Intel Capital / MasterCard
Countries: Europe / World
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