# Zettle by PayPal

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/zettle-by-paypal

- Industry: Hardware
- Headquarters: Stockholm, Sweden
- Website: www.zettle.com/
- Total disclosed funding: $235M
- Latest round: Series E (Dec 13, 2017)
- Investors on record: 14

## About

Zettle by PayPal, based in Sweden, provides a user-friendly financial technology platform that simplifies payment processing for small and medium-sized businesses across multiple channels.Founded in 2010 in Stockholm, Sweden, Zettle by PayPal specializes in payment solutions for businesses. Originally known as iZettle, the company underwent a strategic pivot when it was acquired by PayPal in September 2018 for USD 2.2 billion. Founders Abtin Setyani and Jacob De Geer set the foundation for a company focused on streamlining payment processes for merchants.Zettle offers a comprehensive suite of financial technology solutions, focusing on payment processing for small and medium-sized businesses. Its core product, a point-of-sale (POS) system, integrates hardware and software to enable merchants to accept payments seamlessly in-person, online, and via mobile. In addition, Zettle provides tools for inventory management, sales analytics, and customer insights, primarily serving clients in European markets like Sweden, Norway, Denmark, Finland, Germany, and the United Kingdom. The company's offerings are designed to address the challenges faced by small business owners, enhancing their operational efficiency and customer interactions.In the most recent year, Zettle reported revenue of USD 3,471.70 mn and an EBITDA of USD 221,894.10 for 2022.Following its acquisition by PayPal, Zettle aims to enhance its service offerings and expand into new geographic markets. The company is potentially looking to introduce new products that leverage PayPal's infrastructure. With the support of the USD 2.2 billion raised from the acquisition deal finalized in September 2018, Zettle is positioned to bolster its technology and service capabilities while targeting further growth within Europe and beyond.

## Funding rounds

- Series E, Dec 13, 2017, $47M — AP-Fonden 4, Dawn Capital
- Series D, Jan 11, 2017, $16M — Zouk Capital, Intel Capital
- Series D, Aug 28, 2015, $68M — Index Ventures, Zouk Capital, Northzone, Intel Capital, Creandum, SEB Venture Capital, Dawn Capital, American Express, Mastercard International Incorporated, Hasso Plattner Ventures, Banco Santander, 83 North
- Series C, Jul 11, 2014, $6.8M — Hasso Plattner Ventures
- Series C, May 9, 2014, $55M — Index Ventures, Zouk Capital, Northzone, Intel Capital, Creandum, SEB Venture Capital, Dawn Capital, Zobito, 83 North
- Series B, Oct 23, 2012 — Northzone, SEB Venture Capital, American Express, Mastercard International Incorporated, 83 North
- Series B, Jun 15, 2012, $31M — Index Ventures, Northzone, Creandum, SEB Venture Capital, Mastercard International Incorporated, 83 North
- Series A, Oct 19, 2011, $11M — Index Ventures, Creandum

## Investors

- Index Ventures (https://capitalatlas.ai/funds/index-ventures) — Series A, Series B, Series C, Series D
- Creandum (https://capitalatlas.ai/funds/creandum) — Series A, Series B, Series C, Series D
- Northzone (https://capitalatlas.ai/funds/northzone) — Series B, Series C, Series D
- SEB Venture Capital (https://capitalatlas.ai/funds/seb-venture-capital) — Series B, Series C, Series D
- Mastercard International Incorporated — Series B, Series D
- 83 North (https://capitalatlas.ai/funds/83-north) — Series B, Series C, Series D
- American Express — Series B, Series D
- Zouk Capital (https://capitalatlas.ai/funds/zouk-capital) — Series C, Series D
- Intel Capital (https://capitalatlas.ai/funds/intel-capital) — Series C, Series D
- Dawn Capital (https://capitalatlas.ai/funds/dawn-capital) — Series C, Series D, Series E
- Zobito (https://capitalatlas.ai/funds/zobito) — Series C
- Hasso Plattner Ventures (https://capitalatlas.ai/funds/hasso-plattner-ventures) — Series C, Series D
- Banco Santander — Series D
- AP-Fonden 4 — Series E