Vinge has advised iZettle in connection with an investment by American Express through an increase in the capital raising performed during the course of this summer of approximately EUR 25 million from several venture capital investors as well as MasterCard. The size of the investment has not been made public. iZettle’s services consist of an app and a mini chip-card reader which turns an iPhone, iPad or an Android phone into a mobile payment terminal. iZettle’s services are currently available in Sweden, Norway, Denmark, Finland, the UK and Germany and the capital raising will facilitate the company’s expansion into further international markets.
Vinge’s team consisted of, among others, partner Henrik Wenckert, associate Kristina Ekberg and project assistant Maria Ikonomou. Associate Katarina Rykowska provided advice in relation to regulatory issues.