Zettle - About the company
Zettle is an acquired company based in Stockholm (Sweden), founded in 2010 by Jacob De Geer and Magnus Nilsson. It operates as a Payment processing solutions for merchants and businesses. Zettle has raised $191M in funding from investors like Index Ventures, Mastercard and Creandum. The company has 72 active competitors, including 6 funded and 9 that have exited. Its top competitors include companies like Square, Ezetap and Ocado Group.
Company Details
Payment processing solutions for merchants and businesses. It provides solutions such as hardware-based POS terminals, link-based payment solutions, QR-based payment solutions, payment gateways, and more. It facilitates payments via physical and NFC-enabled credit or debit cards, bank transfers, wallets, and more. It also provides checkout solutions.
- Website
- zettle.com
- Social
Key Metrics
Founded Year
2010
Location
Stockholm, Sweden
Stage
Acquired
Total Funding
$191M in 12 rounds
Latest Funding Round
Investors
Ranked
4th among 72 active competitors
Employee Count
224 as on Mar 31, 2026
Investment & Acquisitions
Exit Details
Acquired by PayPal (May 17, 2018)
Legal entities associated with Zettle
Zettle is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
IZETTLE AB CIN: 556806-0734 , Sweden, Active | Dec 31, 2009 | - | - | - |
Zettle's acquisition details
Zettle got acquired by PayPal on May 17, 2018 at an acquisition amount of $2.2B. It was facilitated by Skadden, Roschier, Evercore and 2 more.
Click here to take a look at Zettle's acquisition in detail
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Zettle's funding and investors
Zettle has raised a total funding of $191M over 12 rounds. Its first funding round was on Oct 19, 2011. Its latest funding round was a Series E round on Dec 03, 2017 for $*****. 2 investors participated in its latest round. Zettle has 29 institutional investors.
Here is the list of recent funding rounds of Zettle:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Dec 03, 2017 | 9431617 | Series E | 4386683 | 2966932 | 6876415 | 4692560 |
Sep 19, 2017 | 4443575 | Conventional Debt | 3997459 | 7487367 | 9954843 | |
Jan 10, 2017 | 6358567 | Conventional Debt | 3427124 | 1116372 | 3408183 |
Access funding benchmarks and valuations. Sign up today!View details of Zettle's funding rounds and investors
Zettle's founders and board of directors
Founder? Claim ProfileHere are the details of Zettle's key team members:
- Jacob De Geer: Founder / CEO of Zettle and founder of 1 other company. They are also an angel investor in 5 startups.
- Magnus Nilsson: Co-Founder of Zettle and founder of 1 other company. They are also an angel investor in 1 startup.
View details of Zettle's Founder profiles and Board Members
Zettle's employee count trend
Zettle has 224 employees as of Mar 26. Here is Zettle's employee count trend over the years:
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Zettle's Competitors and alternates
Top competitors of Zettle include Square, Ezetap and Ocado Group. Here is the list of Top 10 competitors of Zettle, ranked by Tracxn score:
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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 | 89/100 | |
2nd | Cloud-based mPOS software and hardware solutions for businesses | $66.4M | 71/100 | ||
3rd |  Ocado Group 2000, Hatfield (United Kingdom), Public | Developer of technology and automation solutions for online grocery businesses | - | 64/100 | |
4th | Payment processing solutions for merchants and businesses | $191M | 61/100 | ||
5th | Platform offering POS solution for businesses | $53.7M | 60/100 | ||
6th | Provider of retail solutions including technology, lighting, interior, and related services | - | 58/100 | ||
7th | Provider of mobile point of sale (mPOS) for businesses | $27.4M | 54/100 | ||
8th |  Kasir Pintar 2017, Surabaya (Indonesia), Unfunded | Cloud-based mPOS software solutions for offline retailers | - | - | 53/100 |
9th |  StrongPoint 2002, Asker (Norway), Public | Platform offering suite-solutions for grocery retailers | - | - | 48/100 |
10th | _1554279695970.png?devicePixelRatio=2&height=30&width=30){kind=logo} Henderson Technology 1897, Antrim (United Kingdom), Unfunded | Developer of integrated hardware and software solutions for retail environments | - | - | 48/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on Zettle's competitors? Click here to see the top ones
Zettle's Investments and acquisitions
Zettle has made 2 investments in Anchorage Digital and Zopa and acquired Intelligent PoS.Here is the list of these investments and acquisitions:
Date of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Dec 14, 2021 | Investments | 2017 | San Francisco (United States) | |
Jun 01, 2017 | Investments | 2005 | London (United Kingdom) | |
Sep 06, 2016 | Acquisition | 2012 | Edinburgh (United Kingdom) |
Want to know more about where corporates are investing? Sign up today!Reports related to Zettle
Here is the latest report on Zettle's sector:
News related to Zettle
Filter this list•
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Danish fintech startup co-founded by a Romanian programmer, officially launchedRomania Journal•Feb 22, 2024•Spektr, Northzone, Klarna, TrueLayer and 12 others
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Swedish fintech Brite, specializing in instant payment, announces a fundraising of $60 millionFinyear•Oct 04, 2023•Brite, Dawn Capital, Headline, Incore Invest and 4 others
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Lisa Edström appointed Compliance Director at Brite PaymentsFintech Finance•Sep 21, 2022•Brite, Zettle
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Bits raises €1M to reshape the way global fintechs build financial servicesTech Funding News•Sep 09, 2022•Bitstechnology, Cherry Ventures, Klarna, Zettle and 3 others
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Swedish community content hub raises pre-seed for its User-Generated Content solutionsArcticStartup•Aug 03, 2022•Cevoid, , Zettle, Heap and 4 others
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Growth fund Norrsken22 raises $200m to spur growth in African techOne News Page•Jan 31, 2022•Norrsken22, Actis, Acuity Ventures, Flutterwave and 5 others
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Klarna backs Berlin’s B2B buy now, pay later leader Billie in $100m roundAltFi•Oct 25, 2021•Billie, Dawn Capital, Varengold Bank, Raisin and 14 others
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