iZettle, the mobile payments company that has been described as a European version of Square, is today making a move that places it one national boundary away from the U.S. mobile payment company’s own backyard: iZettle is launching its iOS and Android service in Mexico. This is the Swedish company’s first move outside of Europe, and comes in the wake of a $6.6 million funding round from the… → Read More
With Square, PayPal and other U.S. players slowly rolling out their first international services, local mobile payments startups want to make sure they will keep up, too, and so today, iZettle — sometimes called the “Square of Europe” — is announcing a strategic investment of “more than €5 million” ($6.6 million) from Banco Santander, the largest bank in Europe. A single-digit-millions round… → Read More
iZettle, one of the many mobile payment companies vying for the title of the “Square of Europe,” is taking one more step to cover the market ahead of U.S. rivals like PayPal’s here and Intuit’s European commercial launches. Today, iZettle chalked up its first full API partner in the UK, the appointment platform BookingBug. First announced last June, the API effectively makes the company’s mobile… → Read More
Payleven, the Rocket Internet-incubated mobile-payment service that uses a dongle attached to a mobile device to make and process card transactions — yes, like Square — is today announcing that it has picked up another round of funding, as well as a new investor. As has been the case with many past investments in Samwer-incubated startups, neither the exact funding figure, nor the investor, have… → Read More
The landgrab among Square-influenced mobile payment companies in Europe continues apace: in today’s development, SumUp — which launched in August with more than $20 million in backing from b-to-v Partners, Shortcut Ventures, Tengelmann Ventures and Klaus Hommels, the early Skype, Facebook and Xing investor — today is announcing that it is opening for business in Italy, Spain and The Netherlands… → Read More
iZettle — often called the “Square of Europe” for being an early mover in its dongle-based mobile payment service for small merchants — is definitely getting down to business now. Today, the Swedish-based startup announced that it has finally exited its beta phase across the rest of its Nordic footprint of Denmark, Finland and Norway, including a launch of its Android service, and it has come up… → Read More
iZettle, the European Square-a-like mobile payment dongle service that’s raised €42.6 million to-date, continues to bulk up its activity in Europe. Today it’s officially launching in the U.K. — having previously tested the water with a trial. iZettle has partnered exclusively with carrier EE for the formal service launch, which operates the U.K.’s first (and currently only) 4G mobile network. → Read More
iZettle, the Square-like app and mini chip-card reader, has partnered with DZ BANK and Deutsche Telekom to launch its payments service in Germany. Jacob de Geer, iZettle CEO and co-founder says their ambition is to “become the undisputed market leader in Germany and given the partnerships with DZ BANK and Deutsche Telekom we believe we are very well positioned.” That may also be code for ‘well… → Read More
Today iZettle, one of the several Square-like mobile payments companies in Europe, announced that it was expanding its Series B round of €25 million and adding American Express as its newest investor. iZettle and AmEx are not disclosing the value of the new investment. It is joining Greylock, Northzone, MasterCard, SEB Private Equity in the round, which was originally €25 million ($31.4… → Read More
Add one more to the list of companies going head-to-head in the area of card payments by way of smartphone attachments: today, Berlin-based SumUp is opening up for business in the UK, Germany, Ireland and Austria, backed by an eight-figure Series A round, understood by TechCrunch to be over $20 million.
SumUp’s $20 million Series A investment comes from b-to-v Partners, Shortcut Ventures… → Read More
iZettle, the mobile payments startup that wants to be the Square of Europe, today passed an important milestone: the company says its dongle-based card processing system now works with Android devices. The service is being turned on first in iZettle’s home market of Sweden and is then extending to more countries in early autumn, Jacob de Geer, CEO of iZettle, tells TechCrunch. This makes iZettle… → Read More
A bit of a setback today for mobile payments and specifically iZettle — the startup modelled as a kind of “European Square” for merchants to take card payments on their phones. The company today had to shut off accepting Visa cards in three of the markets where it has been running pilots — Denmark, Finland and Norway — over what appears to be a problem with how it authenticated users on its… → Read More
A big development today for iZettle, the “Square of Europe” that wants to become the biggest mobile payment platform in the region. It is now extending its dongle-based service Android devices, to add to a service that already works with the iOS-based iPhone and iPad. The company tells me that the first step is a test phase on select Samsung devices in its home market of Sweden, “but our ambition… → Read More
Just days after releasing an API to integrate its payment platform into third-party apps, iZettle, known as the “Square of Europe” for its dongle-based iOS mobile payment system, has even more news: it has just completed a €25 million ($31.4 million) Series B round of funding as part of its bid to become the biggest mobile payments platform in the region. The round was led by new investors… → Read More
With Square yet to reveal when or where it might offer its mobile payment service in Europe, and PayPal apparently still only talking with would-be partners, the door is wide open for more local players to jump in and pick up some market share. Sweden’s iZettle, which often gets compared to Square, is now doing just that: today it is launching its iOS, dongle-based mobile payment service to the… → Read More
iZettle, the Swedish mobile payments startup that basically competes with Square, has gone live on the App store in the Nordic markets today (Denmark, Norway and Finland). It’s making 5,000 card reader devices available in each country. They’ve also appointed a UK managing director, Stewart Roberts. Stewart was former Director of Global Innovation at Barclaycard. A launch in the UK is therefore… → Read More
Europe’s Square competitor iZettle. has raised $11.2 million in Series A funding (€8.2 million) led by Index Ventures with co-investor Creandum and further investment from Charles Dunstone, CEO and Co-founder of The Carphone Warehouse. We heard of the reported investment in August, but the deal has been confirmed today.
Index Ventures is on a roll. The company is leading Dropbox’s $4 billion valuation round, and today, we’ve heard that the fund is making a major investment in Europe’s Square competitor iZettle. We’ve confirmed the funding with a source close to the company. We’ve also heard from a source the round is 10 million Euros ($14 million) plus.