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Mandate Vinge advises iZettle in connection with capital procurement ahead of international expansion

June 25, 2012

Vinge has advised iZettle and its founders in connection with a capital raising of approximately EUR 25 million from a number of venture capital investors including, among others, Greylock Partners, Index Ventures and Creandum and MasterCard. iZettle’s service consists of an app with chip card that turns an iPhone, iPad or iPod Touch into a mobile payment terminal. iZettle’s services are currently available in Sweden, Norway, Denmark, Finland and Great Britain and the company will use the additional funds to expand into additional international markets.

Vinge’s team consisted of, among others, partner Henrik Wenckert and associates Kristina Ekberg and Maria Eierborg as well as project assistant Maria Ikonomou. Advokat Dan Hanqvist and associate Katarina Rykowska advised on regulatory issues.

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