January 31, 2018 / 9:27 AM / a year ago

Pension funds AP1 and AMF invest 20 mln euros in fintech firm iZettle

STOCKHOLM, Jan 31 (Reuters) - Swedish pension funds AP1 and AMF are investing 20 million euros ($24.88 million) in mobile payment solutions firm iZettle, the three parties said in a joint statement on Wednesday.

* The main part of the stake was bought from Santander Innoventures, which will remain a shareholder also going forward

* The news comes after iZettle raised 40 million euros in December in a funding round led by venture capital firm Dawn and the Fourth Swedish National Pension Fund (AP4)

* Sweden’s iZettle has said it is preparing for an eventual listing

* Online news outlet Breakit reported in August, citing sources, that iZettle had appointed banks to handle the IPO ($1 = 0.8039 euros) (Reporting by Johannes Hellstrom; editing by Niklas Pollard)

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