PayPal bought Swedish iZettle for 2.2 billion dollars

The PayPal payment service has bought the Finnish fixtech start-up iZettle for $2.2 billion before the IPO, during which the Swedish company counted on capitalization at half the amount offered by PayPal, the project wrote with reference to the message of The Wall Street Journal. Thanks to the deal that has become the largest in PayPal history, the service will be able to compete successfully with Square Corporation, which offers payment services for small businesses in the US. Swedish iZettle is often called the European version of Square. It began with the supply of bank card readers for various clients. Today, the number of its customers is more than 400 thousand. This is mainly small and medium business.

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