20 July 2018
Visit www.gemalto.com

iZettle eyes Unicorn status in forthcoming IPO

02 May 2018  |  6996 views  |  0 izettle sdk

Swedish e-commerce outfit iZettle is looking to propel its business to Unicorn status in an IPO that could be announced as early as next week, according to the Financial Times

Launched in 2011, iZettle quickly established itself as the Square of Europe, helping small businesses accept card payments through their mobile phones.

The firm has since moved deeper into the merchant value chain, offering tools to take payments, register and track sales and to get funding. Earlier this month it launched a subscription-based e-commerce marketplace for small business owners to set up Web shops and sell their wares online.

It now operates in 12 markets in Europe and Latin America, with 1000 small businesses signing up every day.

The company first floated the idea of an IPO back in July. With revenues continuing to soar and losses narrowing, iZettle has advanced its plans and may announce its intention to float sometime next week, says the FT. It is aiming for a valuation of $1.1 billion in its stock market debut.

IZettle reported a 51% rise in revenue last week to Kkr966 million from Skr641 million in 2016, while the operating loss narrowed to Skr228 million from Skr244 million in the previous year.

Over the past year, the firm has raised EUR100 million from investors to accelerate growth and pave the way for the Summer flotation.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

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

19 April 2018  |  7278 views  |  1 comments | 4 tweets | 7 linkedin
IZettle raises a further EUR40 million

IZettle raises a further EUR40 million

13 December 2017  |  5716 views  |  0 comments | 3 tweets | 4 linkedin
EIB provides EUR30 million in debt funding to iZettle

EIB provides EUR30 million in debt funding to iZettle

19 September 2017  |  6248 views  |  0 comments | 2 tweets | 4 linkedin
IZettle eyes IPO

IZettle eyes IPO

06 July 2017  |  11378 views  |  0 comments | 6 tweets | 6 linkedin
Sweden's iZettle raises €60 million in funding

Sweden's iZettle raises €60 million in funding

11 January 2017  |  5329 views  |  0 comments | 9 tweets | 5 linkedin
IZettle acquires Scottish point of sale app intelligentpos

IZettle acquires Scottish point of sale app intelligentpos

07 September 2016  |  5054 views  |  1 comments | 10 tweets | 1 linkedin
IZettle moves into small business financing

IZettle moves into small business financing

16 February 2016  |  8892 views  |  1 comments | 19 tweets | 11 linkedin
Swedish mPOS firm iZettle raises EUR60m for move into small business lending

Swedish mPOS firm iZettle raises EUR60m for move into small business lending

28 August 2015  |  9791 views  |  0 comments | 13 tweets | 8 linkedin
IZettle launches free-of-charge Chip and PIN reader

IZettle launches free-of-charge Chip and PIN reader

17 February 2015  |  9754 views  |  4 comments | 20 tweets | 11 linkedin
IZettle raises EUR40m

IZettle raises EUR40m

09 May 2014  |  6846 views  |  4 comments | 8 tweets | 7 linkedin
Swedish Mpos vendor iZettle poised for global expansion

Swedish Mpos vendor iZettle poised for global expansion

14 June 2013  |  6914 views  |  0 comments | 4 tweets | 2 linkedin
Banco Santander invests EUR5 million in iZettle

Banco Santander invests EUR5 million in iZettle

11 June 2013  |  8644 views  |  0 comments | 11 tweets | 4 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit https://secure.vasco.comVisit http://go.jumio.com/finextraAdVisit info.nice.com

Top topics

Most viewed Most shared
Calmejane quits Lloyds Bank to join SocGenCalmejane quits Lloyds Bank to join SocGen
12290 views comments | 5 tweets | 7 linkedin
Metro Bank opens developer portalMetro Bank opens developer portal
10108 views comments | 5 tweets | 14 linkedin
Anything Visa can do...Mastercard takes time outAnything Visa can do...Mastercard takes ti...
9839 views comments | 6 tweets | 15 linkedin
Hong Kong plans September go-live for blockchain-based trade financeHong Kong plans September go-live for bloc...
9650 views comments | 9 tweets | 17 linkedin
Mastercard enlists Worldpay to push Vocalink's Pay by Bank appMastercard enlists Worldpay to push Vocali...
9397 views 19 comments | 14 tweets | 30 linkedin

Featured job

Competitive base, double ote, benefits
New York, Boston, Chicago, Philadelphia, USA

Find your next job