iZettle sets up e-commerce marketplace for small traders; Qapital raises $30 million

iZettle sets up e-commerce marketplace for small traders; Qapital raises $30 million

Swedish mPOS outfit iZettle has launched an e-commerce marketplace for small business owners to sell their wares online.

Priced at £29 per month, iZettle E-commerce lets small business owners set up and customise a brand new webshop or start selling across multiple channels online, including social media, blogs and existing websites. The online mall processes all major credit cards and online payments, and supports PayPal transactions.

Traders who take up the offer get a full overview of in-store and online transactions and real-time inventory stocktaking in one place alongside actionable sales data.

Jacob de Geer, CEO and co-founder at iZettle, bills the programme as the company's biggest product launch since 2011.

"Today’s consumers expect businesses to be present both offline and online, and half of iZettle’s users currently don’t have an online shop and the other half struggle with different complex online systems," he says. "iZettle E-commerce solves these problems, helping small businesses find new customers and sell more - all from one place.”

The platform is available in the UK and Sweden from today, and will be launching in Denmark, Norway, Finland, Germany, France and the Netherlands this Spring.

Another Swedish fintech startup moving into new territory is Qapital, the smart savings app, which has raised $30 million in funding to move into the robo advisory space. Investors in the round include, Swedbank Robur, Norron, SEB Stiftelsen, Athanase, and Northzone. It brings Qapital's total funding to $47.3 million.

The robo-advisory service will follow the firm's 'set it and forget it' approach to savings, providing an adjacent programme for millennials to grow their savings pots to meet mid-term goals.

Comments: (1)

Hitesh Thakkar
Hitesh Thakkar - SME - Fintech startups (APAC and Africa) - India 19 April, 2018, 11:58Be the first to give this comment the thumbs up 0 likes

iZettle wants to do Shopfiy.... Interesting observation as they have identified good addressable market for themself with Shopify Model which is already proven.