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602

Magnus Nilsson

Logo
Magnus Nilsson
CEO & Co-Founder of
iZettle (2010)
About

Magnus Nilsson is Co-Founder and Executive Chairman at iZettle, a Swedish fintech company that revolutionized mobile payments with the world's first mini chip card reader for smartphones. The company was acquired by PayPal for $2.2 billion in 2018, marking PayPal's largest acquisition.

Before founding

Magnus spent over 13 years at EF Education Group, rising to Executive Vice President, and later served as CEO at Wayfinder Systems and founded Nordic Wireless, an investment company focused on telecom and media industries.

Founder Insights

Magnus led fundraising efforts while co-founder Jacob de Geer served as CEO, a two-founder dynamic that enabled the company to raise over $200 million from investors including Intel Capital, Index Ventures, and MasterCard. He expanded iZettle into 12 countries across Europe and Latin America.

Experience

iZettle was recognized by the Financial Times in 2017 and 2018 as one of Europe's fastest growing companies. The company served nearly 500,000 merchants and processed $6 billion in payment volume annually before the acquisition.

Scale & Impact

Under Magnus's leadership, iZettle democratized card payments for small businesses and became Europe's leading mobile payments platform. The company grew revenues at 60% CAGR from 2015 to 2017 and became the European center of excellence for PayPal's in-store offerings.

602

Magnus Nilsson

iZettle
Co-Founder
Logo
Magnus Nilsson

Company(s)

iZettle

Industry

Fintech

Year Founded

2010

Stage/Funding

Acquired • $437M

Company Location

se

Connect

About

Magnus Nilsson is Co-Founder and Executive Chairman at iZettle, a Swedish fintech company that revolutionized mobile payments with the world's first mini chip card reader for smartphones. The company was acquired by PayPal for $2.2 billion in 2018, marking PayPal's largest acquisition.

Before founding

Magnus spent over 13 years at EF Education Group, rising to Executive Vice President, and later served as CEO at Wayfinder Systems and founded Nordic Wireless, an investment company focused on telecom and media industries.

Founder Insights

Magnus led fundraising efforts while co-founder Jacob de Geer served as CEO, a two-founder dynamic that enabled the company to raise over $200 million from investors including Intel Capital, Index Ventures, and MasterCard. He expanded iZettle into 12 countries across Europe and Latin America.

Experience

iZettle was recognized by the Financial Times in 2017 and 2018 as one of Europe's fastest growing companies. The company served nearly 500,000 merchants and processed $6 billion in payment volume annually before the acquisition.

Scale & Impact

Under Magnus's leadership, iZettle democratized card payments for small businesses and became Europe's leading mobile payments platform. The company grew revenues at 60% CAGR from 2015 to 2017 and became the European center of excellence for PayPal's in-store offerings.

About

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