MasterCard Joins $31.4 Million Funding Round for iZettle

iZettle announced it has completed a $31.4 million Series B round of funding led by Greylock Partners and Northzone, with participation from MasterCard, SEB Private Equity, and Series A investors Index Ventures and Creandum.

“iZettle is the first and only company to develop an affordable chip-card reader and app for smartphone-based mobile commerce that meets all of the rigorous international security requirements,” said Laurel Bowden, Greylock’s partner in London who is joining iZettle’s board of directors. “They’ve proved they’re ready to step up their game in this very complex and competitive industry.”