iZettle has raised 60 million euros ($63.46 million) in a Series D funding round and hired a new chief financial officer; the firm is now valued at more than $500 million; says an initial public offering is one scenario it is considering for its next growth phase; the payment processing firm is comparable to US-based Square, offering card readers and credit financing for merchants; iZettle is based in Sweden and provides its service in 12 markets with market transactions led by the UK. Source
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PayPal's fourth quarter earnings release revealed a number of interesting developments for the company; the firm has been steadily growing its partnerships with e-commerce businesses which has helped increase the number of payment transactions per customer; in the fourth quarter PayPal reported 31.1 transactions per active customer which was an increase from 30.2 in the previous quarter and 27.5 in the comparable quarter; PayPal's CEO Dan Schulman has also discussed a new partnership with Amazon that would allow Amazon customers to pay for purchases with PayPal which would further support increases in its customer account activity. Source
