iZettle snaps up intelligentpos to move beyond payments
Swedish mobile payments firm iZettle has acquired intelligentpos.
Swedish mobile payments firm iZettle has acquired intelligentpos, a UK-based start-up that turns iPads into sales terminals, to expand from mobile payments to commerce solutions.
Edinburgh-based Intelligentpos’ cloud-based software allows businesses in the hospitality and other industries manage their inventory, loyalty programs and customer flow.
The two companies are joining forces to create a truly ‘one-stop-shop’ commerce environment for both in-store and on-the-go transactions.
Intelligentpos has been working with iZettle for the last two years to integrate the Swedish firm’s card readers with its POS software.
Together iZettle and intelligentpos provide an integrated payment and point of sale solution that allows small businesses to take card payments and use hundreds of different features on the point of sale app to help them manage and grow their businesses.
iZettle CEO and co-founder Jacob de Geer said: “Five years ago, iZettle set out to empower small business owners with tools to help them accept card payments in an easy way – tools which were typically reserved for larger businesses.
“One year ago, iZettle broke new ground by offering small businesses hassle-free access to financing with iZettle Advance. Today, via the acquisition of the talented team and great product at intelligentpos, iZettle takes yet another step towards its mission of providing small businesses with a wide range of services and features that are critical to helping them grow and build their empires.”
intelligentpos CEO Robin Knox said: “We’ve been partners with iZettle for three years now. As businesses increasingly are looking for a unified point of sale and payments experience this is a natural next step for us and for the market. Moreover, iZettle have the same ethos and values as us and we’re thrilled to be joining the team and develop future products that help small businesses thrive.”
The companies did not reveal the terms of the deal.