Jacob de Geer

Last updated
Jacob de Geer
Born
Jacob Louis de Geer

1975 (age 4950)
Education Stockholm School of Economics
Occupations
  • Investor
  • Entrepreneur
Known forFounder of Zettle

Jacob Louis de Geer (born August 1975) is a Swedish entrepreneur. He is best known as the co-founder and CEO of financial technology company Zettle. [1]

Contents

Early life and education

De Geer grew up in Stora Wäsby Castle in Upplands Väsby, Sweden. His father, Carl de Geer, was a banker and his mother Christina worked as a teacher. [2]

De Geer graduated with a Master of Science in Business Administration from the Stockholm School of Economics in 1999. [3]

Career

In 1999, de Geer became the first employee of TradeDoubler, a digital marketing company founded by Martin Lorentzon. [4] [1] [5]

In 2007, de Geer left TradeDoubler and co-founded a media agency, Tre Kronor, and film sharing service, Ameibo. He sold both companies in 2010. [2] [6] [5]

In 2010, de Geer co-founded financial technology company Zettle, a producer of mini chip card readers and software for mobile devices. [7] He came up with the idea for Zettle after his ex-wife, a sunglasses importer, lost out on business at a trade fair after being unable to process card payments for customers. [8] [1]

In 2018, de Geer sold Zettle to PayPal for $2.2 billion. [3] [9] De Geer continues to operate as Zettle's CEO in their head office in Stockholm, Sweden. [9]

References

  1. 1 2 3 "The Swede leading the way to a cashless society". BBC News. 2016-10-02. Retrieved 2021-08-04.
  2. 1 2 "Intervju: King träffar Izettle-miljardären Jacob de Geer". Kingmagazine (in Swedish). 2018-10-24. Retrieved 2021-08-04.
  3. 1 2 "Jacob de Geer". Slush. Retrieved 2021-08-04.
  4. Duke, Simon. "Cashless is king, says the tycoon taking on banks". The Times . ISSN   0140-0460 . Retrieved 2021-08-04.
  5. 1 2 "CEO Talk: Jacob de Geer". HuffPost. 2017-12-19. Retrieved 2021-08-04.
  6. "Interview: Jacob de Geer, iZettle". Daily Business Magazine. 2017-06-02. Retrieved 2021-08-04.
  7. "PayPal Completes Acquisition of iZettle". www.businesswire.com. 2018-09-20. Retrieved 2021-08-04.
  8. Milne, Richard (24 April 2017). "Swedish tech know-how aids Stockholm's start-ups". Financial Times. Retrieved 2021-08-04.
  9. 1 2 "Why Sweden's iZettle sold to PayPal for $2.2 billion rather than IPO". VentureBeat. 2018-05-18. Retrieved 2021-08-04.