“You see consolidation going on, you see incumbents looking for ways to update their organization, the IPO market is heating up. There are so many different options we need to prepare for.” When CNBC asked if the hiring of a CFO meant iZettle was preparing to go public or be acquired, de Geer said he had not decided on the direction of the company in that sense. “There are a couple of opportunities, one could be to go public or continue to standalone, or another one could be to merge with another company. We don’t have a set agenda where we want to take the company from that perspective,” de Geer told CNBC. The Swedish firm has begun to become acquisitive too. In September, iZettle bought Intelligentpos , a start-up that turns iPads into sales terminals, which targets more medium-sized enterprises. De Geer said he could not comment on any planned acquisitions but is “constantly scaling the market for complimentary services.” De Geer said that iZettle hit its financial targets in 2016, without giving specific numbers as the books have not been closed. The company’s main region is Europe while it also has operations in Brazil and Mexico. Its closest rival is Square in the U.S. which offers very similar services.

https://www.yahoo.com/news/square-rival-izettle-raises-63-080000114.html

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