iZettle Receives Investment from MCI Management

izettle_lite-front-bigiZettle, a Stockholm, Sweden-based mobile payments platform, received an investment from Polish private equity firm MCI Management.

The amount of the deal, which followed the recent close of the $60m Series D funding round, was not disclosed.

Already operating in Sweden, Norway, Denmark, Finland, Germany, UK, Spain, the Netherlands, Mexico and Brazil, iZettle offers merchants the ability to process card payments via its mobile card readers.
In the United Kingdom, the company has launched a card reader which supports Apple Pay and other contactless payment solutions e.g. Samsung Pay or NFC (contactless payment technology).
In addition, iZettle recently launched a capital advance product, called iZettle Advance, which will be available to selected customers who need a working capital facility to grow their businesses.




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