In this very special Friday edition of Funding Daily, you’re going to learn all about iZettle, the European payment processor that’s challenging Square in Europe and Latin America.
Why the focus on iZettle? Well, no one else announced any new funding today — but iZettle raised a lot of money! So this kind of evens out, right? Right.
European Square rival iZettle refuels with $55M
As rumors of financial issues at mobile-payment provider Square swirl, Swedish rival iZettle is ready to expand.
The Stockholm-based startup today announced a €40 million funding round (roughly $55.5 million), bringing its total financing to around $100 million.
London-based Zouk Capital led iZettle’s new funding round, which also saw participation from Intel Capital, the investment arm of the U.S. chipmaker, and Zouk Capital. Some of iZettle’s previous investors contributed to its new investment, including Creandum, Greylock Partners, Index Ventures, Northzone, and SEB Private Equity.
Read the full story on VentureBeat: European Square rival iZettle refuels with a fresh $55M