PayLens /Companies

Zettle (PayPal)

Facilitator · Own brand

SwedenSwedenFounded 2010
Revenue
£85.8Mworldwide (2017) · as of 2017
Headquarters
Stockholm, Sweden
Website
zettle.com

What it does

PayPal's point-of-sale business, now sold under the PayPal Point of Sale name: card readers and terminals with free POS software, Tap to Pay on the seller's own phone, and accounting and e-commerce integrations, priced with no monthly or start-up fee and a cut of each payment.

Ownership

Deals

  • May 2018·acquired by PayPal Holdings — PayPal bought all outstanding shares in iZettle AB for ~$2.2B, adding in-store card acceptance in eleven markets; the UK business was held separate until the CMA cleared the deal in 2019
  • Sep 2016·acquired Intelligent Point of Sale Limited — iZettle acquired Intelligent Point of Sale Limited, a UK provider of cloud-based inventory, loyalty and customer flow software, in September 2016. The UK competition authority records that the deal gave iZettle a point-of-sale app for bars, cafes and restaurants, marketed as iZettle Pro.

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