iZettle Series B investment from American Express

0
1601

Swedish mobile payments provider iZettle has announced a rather significant new investor after the company expanded its previously announced $31.4 million Series B round with the addition of American Express.

The company says that the investment from American Express – which is undisclosed – will provide it with ‘additional growth capital’, and the US payments firm will join iZettle’s already stellar list of investors, which includes MasterCard, Greylock Partners, Index Ventures and others.

‘The payments landscape is changing rapidly and we believe iZettle’s solution will play an important role in helping to further enable commerce – especially in small merchant segments that have historically relied on cash – by delivering a smart and convenient way for small businesses to accept consumer payments,’ said Werner Decker, SVP, Merchant Services Europe at American Express.