When was Sitoo founded?

Sitoo was founded in 2004 and raised its 1st funding round 20 years after it was founded.

Where is Sitoo located?

Sitoo is headquartered in Stockholm, Sweden. It is registered at Regeringsgatan 25, SE-111 53 STOCKHOLM.

Who is the current CEO of Sitoo?

Jens Levin of Sitoo. They have also founded 1 company.

How many employees does Sitoo have?

As of Aug 31, 2026, the latest employee count at Sitoo is 144.

Is Sitoo a funded company?

Sitoo is a funded company, having raised a total of $***** in its 1st and only funding round, a PE round on Nov 28, 2024.

When was the latest funding round of Sitoo?

Sitoo's latest funding was a $***** PE round on Nov 28, 2024, with participation from 1 investor.

Where does Sitoo rank among its competitors?

Sitoo ranks 22nd amongst 1262 active competitors, of which 73 are funded. It stands 10th in terms of total funding among its competitors. The most recent competitor to raise funding was Clip, which secured $500M in Jun, 2026.

Who are the top competitors of Sitoo?

Sitoo's top competitors include Square, Lightspeed and Ezetap. Among them, Clip secured the most recent funding round in June, 2026.

Sitoo - 2026 Company Profile, Team, Funding & Competitors

Sitoo is a late stage company based in Stockholm (Sweden), founded in 2004 by Jens Levin and Michael Meurlinger. It operates as a Provider of mobile point of sale (mPOS) for businesses. Sitoo has raised $27.4M in funding from Verdane. The company has 1262 active competitors, including 73 funded and 112 that have exited. Its top competitors include companies like Square, Lightspeed and Ezetap.

Company Details

Sitoo is a provider of mobile point of sale (mPOS) for businesses. The cloud-based mPOS platform for global retailers with an omnichannel solution. It helps the customers to move through physical and digital stores. Its features include barcode scanning, customer account profiling, discount management, electronic signature, gift card management, loyalty program, and more.

Website: sitoo.com
Social
Email ID: *****@sitoo.com
Phone Number: +46 **********
Registered Address: Regeringsgatan 25, SE-111 53 STOCKHOLM

Key Metrics

Founded Year

2004

Location

Stockholm, Sweden

Stage

Late Stage

Total Funding

$27.4M in 1 round

Latest Funding Round

PE, Nov 28, 2024, $*****

Investors

Verdane & 2 more

Ranked

22^nd among 1262 active competitors

Employee Count

144 as on Aug 31, 2026

Similar Companies

Square & 1759 more

View Sitoo's full profile

Sitoo is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
SITOO AB CIN: 919673311 , Norway, Active	May 14, 2002	-	-

Sitoo has raised a total funding of $27.4M over 1 round. Its latest funding round was a PE round on Nov 28, 2024 for $*****. 1 investor participated in its latest round. Sitoo has 3 institutional investors.

Here is the list of recent funding rounds of Sitoo:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Nov 28, 2024	6770726	PE	2357379	5377628	5743401	4477140

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View details of Sitoo's funding rounds and investors

The founders of Sitoo are Jens Levin and Michael Meurlinger. Jens Levin is the CEO of Sitoo.

Here are the details of Sitoo's key team members:

Jens Levin: Co-Founder & CEO of Sitoo.
Michael Meurlinger: Co-Founder & CTO of Sitoo.

View details of Sitoo's Founder profiles and Board Members

Sitoo's employee count trend

Sitoo has 144 employees as of Aug 26. Here is Sitoo's employee count trend over the years:

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Top competitors of Sitoo include Square, Lightspeed and Ezetap. Here is the list of Top 10 competitors of Sitoo, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Square 2009, San Francisco (United States), Public	Provider of integrated point of sale and business management solutions	$520M	Victory Park Capital Advisors, GIC & 58 others	84/100
2nd	Lightspeed 2005, Montreal (Canada), Public	Provider of point of sale and payment platform for businesses	$292M	CDPQ, Inovia Capital & 8 others	76/100
3rd	Ezetap 2011, Bengaluru (India), Acquired	Cloud-based mPOS software and hardware solutions for businesses	$66.4M	Social Capital, Helion Venture Partners & 42 others	72/100
4th	Clip 2012, Mexico City (Mexico), Series E	Provider of point-of-sale terminals and digital payment solutions for businesses	$997M	Alta Ventures, SoftBank Latin America Fund ... & 29 others	70/100
5th	DNA Payments 2018, London (United Kingdom), Series D	Provider of omnichannel payment solutions, including terminals, online payments, and ePOS	$141M	Alchemy Partners, Mocom & 1 others	69/100
6th	Tyro 2003, Sydney (Australia), Public	Provider of POS solutions for retail stores	$103M	TDM Growth Partners, Tiger Global Management ... & 4 others	69/100
7th	Cantaloupe 1992, Malvern (United States), Acquired	Provider of payment processing solutions for merchants and businesses	$18.9M	Foundation Capital, Global Environment Fund ... & 2 others	68/100
8th	Moka 2014, Jakarta (Indonesia), Acquired	mPOS software and hardware solutions for offline retailers	$27.9M	East Ventures, Wavemaker Partners & 11 others	67/100
9th	SUNMI 2013, Shanghai (China), Public	Manufacturer of terminals, pads, kiosks, and related accessories and services	$61.4M	Shenzhen Capital Group, Xiaomi & 5 others	66/100
10th	Innoviti 2002, Bengaluru (India), Series E	Provider of payment and revenue assurance software for retail businesses	$155M	Bessemer Venture Partners, Trifecta Capital ... & 109 others	65/100
22nd	Sitoo 2004, Stockholm (Sweden), Late Stage	Provider of mobile point of sale (mPOS) for businesses	$27.4M	Centripetal, Verdane & 1 others	54/100