iZettle is signing 1,000 new businesses a day

iZettle is signing 1,000 new businesses a day

Published

With the use of machine learning and AI the company can automatically handle massive volumes of merchants across a multitude of markets

The company operates across 12 markets globally, but its biggest market is the UK. iZettle employs around 500 people globally and is able to onboard so many new customers thanks to investment in machine learning.

iZettle's biggest priority at the moment is growth, both in the markets it already operates and potentially into new ones.

CEO and founder Jacob de Geer said to Business Insider Nordic: "I think you will see expansion. The question is really when, whether it's this year or next. The most logical next place is somewhere in Europe where we can leverage our existing regulatory approvals. Europe is still heavily underserved from a small business perspective."

Share

Cryptocurrencies have already reached their all-time highs

During the last several months the price of Bitcoin has more than doubled and the price of Ethereum has increased by six times.In June the cryptocurrencies reached their all-time highs – Bitcoin with $3,000 and Ethereum with $400. Just days later their values decreased b