iZettle Nabs Another $6.8M

Money Funding feature
What's Next In Payments®
7:00 AM EDT July 10th, 2014

Sweden-based iZettle has capped off the series C investment round it first kicked off in May 2014 with an additional pick-up of $6.8 million, brining total round investment to to $61.2 million.  To date, the company has raised a little under $120 million total.

The latest investment comes from Hasso Plattner Ventures.

“There is no question that iZettle is already an international leader in mobile payments, and has the vision and viable business model to change an essential piece of the financial services industry,” said Hasso Plattner Ventures Partner, Shmuel Chafets, in a released statement.

iZettle, like its American counterpart Square, allows business to turn smartphones and tablets into cash registers (that are uniquely chip and pin compliant).

“Hasso Plattner Ventures’ contribution to our Series C is another vote of confidence,” said Jacob de Geer, iZettle co-founder and CEO. “The additional capital further ensures that we can financially execute on our business plan and the experience and know-how they bring is guaranteed to be invaluable.”

iZettle has recently become available on this side of the Atlantic, launching in Mexico and Brazil earlier this year.  The two Latin American countries join iZettle using countries– the U.K., Spain, Germany, Sweden, Denmark, Norway and Finland.

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