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.

The payment systems provider iZettle has attracted some major Swedish pension funds as investors.

Swedish mobile payments company iZettle, which was set up in 2010, now has three of the country’s biggest pension funds among its owners.

In mid-December, the firm announced that its latest funding round, which raised EUR 40 million, was led by early backer, venture capital firm Dawn, and the fourth of Sweden’s state pension buffer funds, AP4. Existing investors also put in new capital.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

Savills IM working hard on first Nordic residential investment

The global property investor has plans to expand its growing portfolio in Denmark with a new asset class, residential real estate, "very soon," says Head of Nordics Peter Broström. The manager still believes in the office and retail sectors, despite the pandemic and rising inflation.

Further reading

Latest news


Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch