PayPal snapped up iZettle for $2.2 billion just ahead of their planned IPO in May 2018. And it is the iZettle culture that she thinks PayPal values:
“We were so proud when we were acquired by PayPal. They have said they want more of what is good about iZettle, not less of iZettle. Together with PayPal, we can be iZettle with superpowers.”
iZettle is known in Europe for their free point of sale app which gives micro and small merchants access to tools and features that would normally carry fixed monthly fees.
Will the iZettle app for iOS and Android continue to evolve, or will app features be integrated in payment terminals in the future?
“The app is the heart of iZettle, not the payment terminal. A lot of our merchants are telling us that the app is what is helping them get new habits that makes it easier for them to run their business. I think the app is the key to what we want to do: remove obstacles for small-business owners so they can focus on selling more.”