PayPal is Buying European Fintech Leader iZettle for $2.2 Billion

PayPal is looking to raise the stakes against competitors like Square and Stripe in what will be their largest acquisition ever. iZettle is the Sweden-based leader in brick and mortar point of sale transactions and it is often referred to as the Square of Europe. Like Square it also has a small business cash advance business. The $2.2 billion acquisition is expected to close in the third quarter. Source.

  • Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.

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