PayPal buys Swedish payments startup for $2.2 billion
US-based payments platform PayPal has said that it is buying Sweden-based payments startup iZettle for $2.2 billion in an all-cash deal. As part of the deal, which is expected to close in the third quarter of 2018, iZettle's CEO Jacob de Geer will stay to lead the business. Founded in 2010, iZettle offers payments solutions including mobile card readers.