About Zettle
Zettle is a company based in Stockholm (Sweden) founded in 2010 by Magnus Nilsson was acquired by PayPal in May 2018.. Zettle has raised $191.43 million across 12 funding rounds from investors including Mastercard, PayPal and Intel. Zettle has completed 1 acquisition, including Intelligent PoS. Zettle offers products and services including POS Systems, Card Reader, and Payment Terminal. Zettle operates in a competitive market with competitors including Square, Ezetap, Ocado Group, Ingenico and ITAB, among others.
- Headquarter Stockholm, Sweden
- Founders Magnus Nilsson
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Sectors
RetailFinancial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Izettle Ab
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$191.43 M (USD)
in 12 rounds
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Latest Funding Round
$47.03 M (USD), Series E
Dec 03, 2017
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Investors
Mastercard
& 19 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
PayPal
(May 17, 2018)
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Products & Services of Zettle
Zettle offers a comprehensive portfolio of products and services, including POS Systems, Card Reader, and Payment Terminal. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Software for handling payments and tracking sales securely.
Device for accepting card payments in business settings.
Terminal for processing and managing financial transactions.
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Software Development Team
374 people
Leadership Team
144 people
Sales and Marketing
97 people
Data Analysis and Operations Team
76 people
Product Management Team
56 people
Senior Team
36 people
Finance and Accounting
35 people
Operations Team
34 people
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Funding Insights of Zettle
Zettle has successfully raised a total of $191.43M across 12 strategic funding rounds. The most recent funding activity was a Series E round of $47.03 million completed in December 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 12
- Last Round Series E — $47.0M
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First Round
First Round
(19 Oct 2011)
- Investors Count 19
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2017 | Amount | Series E - Zettle | Valuation | Fjarde AP-fonden , Dawn Capital |
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| Sep, 2017 | Amount | Debt – Conventional - Zettle | Valuation |
investors |
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| Jan, 2017 | Amount | Debt – Conventional - Zettle | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Zettle
Zettle has secured backing from 20 investors, including institutional and venture fund investors. Prominent investors backing the company include Mastercard, PayPal and Intel. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Dawn Capital is focused on investing in European software startups.
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Founded Year | Domain | Location | |
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Finance and advisory services for infrastructure projects are provided.
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Founded Year | Domain | Location | |
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Blank check and private debt firm focused on multiple sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Zettle
Zettle has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Intelligent PoS. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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mPoS app/software provider.
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2012 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Zettle
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Zettle Comparisons
Competitors of Zettle
Zettle operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Square, Ezetap, Ocado Group, Ingenico and ITAB, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
POS solutions are provided for retail businesses.
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| domain | founded_year | HQ Location |
Cloud-based mPOS software and hardware solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Software solutions for online grocery fulfillment and operations are provided.
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| domain | founded_year | HQ Location |
POS hardware and software solutions are provided to businesses.
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| domain | founded_year | HQ Location |
Self-checkout solutions are provided for retail businesses worldwide.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Zettle
Frequently Asked Questions about Zettle
When was Zettle founded?
Zettle was founded in 2010 and raised its 1st funding round 1 year after it was founded.
Where is Zettle located?
Zettle is headquartered in Stockholm, Sweden.
Is Zettle a funded company?
Zettle is a funded company, having raised a total of $191.43M across 12 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $47.42M, raised on Oct 19, 2011.
What does Zettle do?
Zettle was founded in 2010 in Stockholm, Sweden, within the fintech sector. Solutions for payment processing are provided to merchants and businesses, encompassing hardware-based POS terminals, link-based payments, QR code options, and gateways. Transactions are enabled via physical or NFC-enabled cards, bank transfers, digital wallets, and similar methods. Checkout functionalities are also supported across operations in Europe and beyond.
Who are the top competitors of Zettle?
What products or services does Zettle offer?
Zettle offers POS Systems, Card Reader, and Payment Terminal.
How many acquisitions has Zettle made?
Zettle has made 1 acquisition, including Intelligent PoS.
Who are Zettle's investors?
Zettle has 20 investors. Key investors include Mastercard, PayPal, Intel, Santander, and SEB.
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