10 years ago

iZettle Raises $67M to Expand into Small Business Loans

  • iZettle, a European mobile payments company, has raised €60 million ($67M) in Series D funding led by prior investors

  • The company is expanding into small business loans with a new product called iZettle Advance, which will be available to select iZettle customers who need funds to grow their businesses

  • iZettle Advance will be rolled out gradually in its European markets starting with the Nordics

  • The company says it is leveraging what it knows about its existing users to be able to extend them the offer of business financing.

      • ProblemFinancial Services

      "Small businesses struggle to get loans from traditional banks."

      Solution

      "iZettle is offering small business loans that are paid back as a fraction of the customer's card sales. "

      Covered on