Square's Swedish Rival Gets $67 Million From Intel, Zouk Capital

Updated on
  • IZettle's valuation said to reach about $500 million
  • Company to advance capital to merchants on future card income

The iZettle Lite.

Photographer: Johan Jeppsson/Bloomberg

Swedish payments startup iZettle AB, a rival to Twitter Inc. founder Jack Dorsey’s Square Inc., raised 60 million euros ($67 million) to expand in Europe and fund a plan to offer merchants cash advances on future card sales.

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