PayPal purchases iZettle for $2B, Jumo jets with $52M, Zumper gets $46M bump – Friday Deal Book for 09/21/2018

OWI’s Friday Deal Book provides you with a weekly roundup of partnerships, funding, and product announcements from across the identity industry. This week, PayPal settles on a $2.2 billion price for fintech firm iZettle, Jumo raises $52 million to expand to Asia, Zumper nets $46 million for long-term rentals, and Indonesian ride-hailing company Go-Jek is said to be eyeing $2 billion in funding.

PayPal finalizes acquisition of iZettle for $2.2 billion

PayPal plans to use the acquisition to help small businesses sell goods on marketplaces and their own sites. iZettle is the maker of a mini chip-card reader and software for mobile devices, specializing in payments for small businesses in Europe and Latin America. The company was founded in Stockholm in 2010, and aims to be a complete suite of commerce tools for small businesses. The deal was first announced earlier this year, but was finalized this week. [Read more]

Jumo will jump into Asia with $52 million

The round was led by Goldman Sachs, with participation from Proparco, Finnfund, Vostok Emerging Finance, Gemcorp Capital, and LeapFrog Investments. Jumo specializes in loan and savings options for unbanked and underbanked, with a particular focus on small businesses. The company has helped more than 9 million customers across six markets in Africa thus far, originating over $700 million in loans. The influx of cash will help it move into Asia, where it can serve loans to customers who otherwise would be ignored by traditional banks. [Read more]

Zumper jumps with $46 million

The sharing economy company’s Series C round was led by Axel Springer and Stereo Capital, with participation from Blackstone, Dawn Capital, Kleiner Perkins, Breyer Capital, Goodwater Capital, and Xfund. To date, Zumper has raised $90 million. The company allows renters to find long-term apartments, and helps both them and landlords through the lease signing process. [Read more]

Go-Jek eyes $2 billion in funding

The Indonesian ride sharing company recently expanded with a motorbike hailing service in Vietnam. Go-Jek is Indonesia’s most valuable startup, and it plans to close the latest funding round in the coming weeks. Finance was previously provided to Go-Jek by Tencent Holdings, Temasek Holdings, and Warburg Pincus. Beyond ride sharing, Go-Jek also lets customers pay bills, order food, and purchase movie tickets. [Read more]