Three Swedish pension funds back iZettle, citing sustainable growth
Swedish pension funds AMF and AP1 have invested EUR 20 million between them in Swedish fintech company iZettle, ahead of a possible IPO later this year. Buying their shares from a Santander venture capital fund, the deal comes hot on the heels of AP4’s first investment in the firm in December via iZettle’s latest funding round. The two national pension funds emphasise the sustainable growth angle of their investment.
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BY RACHEL FIXSEN
Swedish mobile payments company iZettle, which was set up in 2010, now has three of the country’s biggest pension funds among its owners.
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