Swedish mPOS outfit iZettle has raised EUR40 million in a series c funding round led by London-based growth investor Zouk Capital.
Funny how many investors are still stuck with the old paradigm. With "last inch"-agnostic EMV tokenization, every phone can be mPOS, without any dongles. Not to mention solutions like M-Pesa, Paym etc.
Well said Alexander..!
I am really surprised as to what problem are these people trying to resolve...? Currently we have portable card swipe machines, which has trust of customer, while a dongle can be misused to steal a card info. I suspect if customer would actually trust someone
with a dongle and a mobile.
Couldn't agree more Alexander. I wish investors would focus on investing in the truly disruptive mobile payment solutions that aren't based around 60-year old technology.
This is truly a great job Jacob pulled off, and moreover an amazing opaque investment. I am wondering what their strategy, USP and business model is.
© Finextra Research 2014