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Zettle by PayPal (previously known as iZettle [1]) is a Swedish financial technology company founded by Jacob de Geer and Magnus Nilsson in April 2010. Launching its first app and service in 2011, [ 3 ] the company offers a range of financial products including payments, point of sales, funding and partners applications.
eBay, PayPal, Kijiji and StubHub, 500 King Street West, Toronto, April 2014. PayPal Holdings, Inc. is an American multinational financial technology company operating an online payments system in the majority of countries that support online money transfers; it serves as an electronic alternative to traditional paper methods such as checks and money orders.
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He came up with the idea for Zettle after his ex-wife, a sunglasses importer, lost out on business at a trade fair after being unable to process card payments for customers. In 2018, de Geer sold Zettle to PayPal for $2.2 billion. De Geer continues to operate as Zettle's CEO in their head office in Stockholm, Sweden.
PayPal (PYPL) to gain momentum among small businesses with PayPal Zettle.