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Sweden's iZettle receives EUR 30 mln EIB funding for R&D

Tuesday 19 September 2017 | 11:40 CET | News
Swedish electronic payment services provider iZettle has secured EUR 30 million in debt funding from the European Investment Bank covering research and development of financial and commercial tools over the next three years. Specifically, iZettle's said the funding would allow it to explore the development of next generation payments infrastructure, insights and actions through machine learning and artificial intelligence, digitalisation of commerce processes and scaling legislative and compliance systems.

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Categories: Internet / Mobile & Wireless
Companies: European Investment Bank / iZettle
Countries: World
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