iZettle, the social payments startup from Sweden that we first introduced you to in August 2011, has just announced it’s Nordic beta launch starting tomorrow.
The young company, which has often been described as the European answer to Square, will be releasing 5,000 iZettle-chip-card readers each in Denmark, Finland and Norway. The free app and chip card reader by this Stockholm-based startup lets anyone take payments anytime, anywhere using their iPad, iPhone or iPod touch.
iZettle raised €8.2 million ($11.2 million) in venture funding in October 2011, and around one month later announced the end of its test phase and the start of commercial availability in Sweden. iZettle’s CEO and co-founder, Jacob de Geer, just stated that roughly six months after their Swedish launch, iZettle is counting 25,000 active registered users.
In order to use the mobile payment solution by iZettle, there is no set up fee or monthly fee that has to be paid. iZettle only charges it’s user 2.75% of the sale plus €0.15 per transaction.
To find out more about this promising European provider of mobile card payments, you can check out the following video:
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