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Square's Swedish Rival Gets $67 Million From Intel, Zouk Capital

2015-08-28 11:06:31| Appliances - Topix.net

Swedish payments startup iZettle AB, a rival to Twitter Inc. founder Jack Dorsey's Square Inc., raised 60 million euros to expand in Europe and fund a plan to offer merchants cash advances on future card sales. The company, whose card-deck-sized devices are used by small businesses such as street-market vendors and neighborhood beauticians, completed the funding round led by existing investors Intel Capital and Zouk Capital, according to Jacob de Geer, iZettle's founder and chief executive officer.

Tags: capital million intel swedish

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