Nordea, The Northern European financial services group, has selected iZettle, the Stockholm, Sweden-based provider of mobile payment services and apps that received $55.5m in Series C funding last week (read here), to be its provider of mobile point of sale (mPOS) solutions in Sweden, Norway, Denmark and Finland.
Under the cooperation agreement, Nordea will promote iZettle mPOS solutions to the bank’s small business customers on its website www.nordea.com and in its 800 branch offices throughout the Nordic region.
Started in 2011 by Jacob de Geer, co-founder and CEO, iZettle provides mobile payment services and apps – from credit card readers that transform smartphones and tablets into cash registers, to software tools for increasing sales.
The app, Chip & PIN and Chip & Signature readers, and free business management software are available in the U.K., Spain, Germany, Sweden, Denmark, Norway, Finland, Mexico and Brazil.
The company’s services are regulated by the Sweden’s Financial Supervisory Authority.