It’s one of those companies that I had never heard of until suddenly many of my trusted friends talk to me about them so I had a look.
What is it?
A competitor to Paypal and over online payment solutions, they differentiate I hear mainly by guaranteed post delivery payment for the buyers and payment from the buyer to the seller. In other words they take the risk that the transaction fails for both parties.
Where is it?
It’s European, the three founders and the CEO Sebastian Siemiatkowski are in Sweden and the company is HQed in Stockholm.
How big is it?
I hear they handle more than $2.5 bn of transactions already.
Enough friends brought it to my attention saying it’s likely going to become a billion dollar company that I will keep watching and invited them to speak at LeWeb London.
Have you guys used it as a buyer or seller? What do you think?