iZettle, A European Square Rival, Gets $6.6M From Banco Santander As It Gears Up For A Global Push

With Square, PayPal and other U.S. players slowly rolling out their first international services, local mobile payments startups want to make sure they will keep up, too, and so today, iZettle -- sometimes called the "Square of Europe" -- is announcing a strategic investment of "more than ?5 million" ($6.6 million) from Banco Santander, the largest bank in Europe. A single-digit-millions round may not sound like much when you consider that Square has raised $341 million, $200 million in its last round alone. iZettle is calling this a "strategic investment," though, with more help coming in the way of distribution and helping iZettle gain more ubiquity in Europe, and possibly beyond.

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