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January 12, 2017updated 21 Jan 2022 11:31am

iZettle raises €60m in fresh investment round

Swedish mobile point-of-sale startup iZettle has raised €60m in fresh round of funding to fuel expansion of product offering.

By Verdict Staff

Swedish mobile point-of-sale startup iZettle has raised €60m in fresh round of funding to fuel expansion of product offering.

The series D round of funding was led by US-based Victory Park Capital through its credit fund VPC Speciality Lending.

Victory Park Capital partner Gordon Watson said: “We have been following the impressive growth of iZettle since its inception. iZettle is an innovator and a clear market leader in Europe and we want to be part of its next chapter of growth. 2017 promises to be a vibrant and buoyant time for both iZettle and its market.”

Additionally, the company has hired Maria Hedengren as chief financial officer.

She will be responsible to lead preparations for the processes and financial plans required to take iZettle into its next phase

Hedengren, who joined iZettle from online gambling specialist NetEnt, has over two decades of experience leading both private and public companies.

Commenting on the appointmetnt, iZettle founder and CEO Jacob de Geer said: “Maria’s passion is gearing companies for growth and is exactly the type of person we need to get ready for the plans we have for 2017 and beyond.

“We are obviously impressed with the work that Maria has done for other fast moving tech companies, many of which live in heavily regulated environments like ours, and are more than excited by what she brings to the table.”

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