• Moritz Joins First Euro Board As Sequoia Backs Klarna’s Payments Platform

    Klarna, one of the biggest providers in Europe of in-store credit and invoice based payment solutions for the e-commerce sector, has secured funding from Sequoia Capital, which famously also backed Google. Terms have not been disclosed but we’ve learned Klarna will do a directed new share issue of SEK 70m (approx. $9 million). Highly unusually, Mike Moritz, Sequoia Capital Partner and… Read More