€45 million of the funding is coming in the form of debt from Victory Park Capital. The remaining €15 million comes from existing investors. Jacob de Geer, the founder and CEO said “Part of this will be used for acquisitions,”
The world of mobile payments continues to consolidate and mature, and today one of the leading players among European mobile payments startups has raised a significant round of money to help keep itself on top. iZettle, the Swedish company that offers a card reader that works with your smartphone or tablet, plus a suite of financial services for the small businesses, is announcing that it has raised €60 million ($63 million) in new funding. On top of this, iZettle has appointed a new CFO, Maria Hedengren, who has quietly been with the company since last month, joining from online gambling specialist NetEnt.