Klarna

  • Investors Cash Out Of Payment Technology Startups

    Investors Cash Out Of Payment Technology Startups

    Even as a clutch of new payment technology companies including Zooz Mobile and Plastiq announce new financing rounds today, it seems like investors are no longer paying out for payment companies. Over the past three quarters, the number of venture-backed payments companies has declined, tumbling from 59 startups in the third quarter of 2013 to just 41 companies in the second quarter of 2014. Read More

  • Klarna Acquires Germany’s Sofort For $150M To Build A Formidable European Payment Network

    Klarna Acquires Germany’s Sofort For $150M To Build A Formidable European Payment Network

    Klarna, the Stockholm-based payments company that has raised a whopping $250 million from top-tier investors like Sequoia Capital, is making an acquisition of its own. The company, which makes it easy for European consumers to buy goods online before paying, is acquiring Germany’s market leader Sofort. Together, they’ll have 10 percent market share in greater Europe’s… Read More

  • Why European Enterprise Startups Should (Or Shouldn’t) Move To Silicon Valley

    Why European Enterprise Startups Should (Or Shouldn’t) Move To Silicon Valley

    Should European enterprise startups stay in Europe or head to Silicon Valley? That’s a question our enterprise panel with TechCrunch’s Ingrid Lunden, Klarna‘s Niklas Adalberth, Huddle‘s Andy McLoughlin and Zendesk‘s Mikkel Svane at TechCrunch Disrupt Europe in Berlin tackled today. Both Zendesk and Huddle decided to move a large part of their companies to the U.S. Read More

  • Klarna Execs’ Alleged Sexual Assault Case Dismissed (Update)

    Klarna Execs’ Alleged Sexual Assault Case Dismissed (Update)

    Remember those two high-level executives from Swedish startup Klarna who were arrested earlier this month on sexual abuse charges? Their names are Jens Saltin and Niklas Adalberth, and they were arrested at the W Hotel in New York after allegedly molesting a 19-year-old tourist from Texas. Well after a little follow up (it’s not often that we get to call into the New York City… Read More

  • UPDATE: Executives Of Swedish Start-Up Klarna Arrested For Alleged Molestation

    UPDATE: Executives Of Swedish Start-Up Klarna Arrested For Alleged Molestation

    Details are sparse and we have calls in, but the two execs at Klarna, Jens Saltin and Niklas Adalberth, were arrested at the W Hotel in New York for alleged molestation. The victim was a 19-year-old tourist from Texas. Saltin and Adalberth are currently out on $10,000 bail. According to the NY Post, “Adalberth allegedly straddled her body while he and Saltin ripped off her clothes… Read More

  • Saul Klein on Europe's Billion-Dollar Startups

    Saul Klein’s List Of Europe’s Next Billion-Dollar Tech Companies

    Where will the next billion-dollar startups come from? The tech world and most VCs tend to be parochial, looking at Silicon Valley, maybe New York, and a few other hot markets like China and Brazil. But what about the Old Country? Yesterday, I was having coffee with Saul Klein, a partner at Index Ventures and co-founder of Seedcamp. He believes that in every major city across Europe… Read More

  • Paypal Is About To Get A Bruising From Facebook And Square

    Paypal Is About To Get A Bruising From Facebook And Square

    2011 is going to be a big year for payments, with more startups and mature companies getting funded in the space than almost ever before. It’s important to make the distinction between the headline chasers, the slow moving giants struggling for a piece of the pie and the companies that have a chance at real disruption. For my money Facebook and Square are both very interesting companies… Read More

  • Klarna payments platform secures Sequoia backing and adds Mike Moritz to the board

    Klarna payments platform secures Sequoia backing and adds Mike Moritz to the board

    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

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

    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