Klarna

  • Legendary investor Yuri Milner to talk about the future of the internet at Disrupt SF

    Legendary investor Yuri Milner to talk about the future of the internet at Disrupt SF

    Yuri Milner has always looked past the present. The world-renowned investor, DST Managing Partner and billionaire has invested $100 million of his own money to look beyond our solar system in search of extraterrestrial intelligent life. And while the jet setter may have his eyes on the stars, he also seems to keep his feet on the ground. We’re excited to have him for a fireside chat… Read More

  • Klarna launches a peer-to-peer payment app called Wavy

    Klarna launches a peer-to-peer payment app called Wavy

    Fintech startup Klarna grew thanks to its e-commerce payment service, but now the startup is diversifying a bit. The Swedish company is launching Wavy, a free peer-to-peer payment app and service. After Cookies imploded, Klarna approached the team behind the German app so that they could join another fintech company. It turns out that this team has been working on another peer-to-peer payment app. Read More

  • Fintech startup Klarna taps Permira for around $250M at $2.5B valuation

    Fintech startup Klarna taps Permira for around $250M at $2.5B valuation

    Klarna, the Swedish startup that works with e-commerce businesses and retailers to provide financing and other payment services, today announced that it has picked up yet another large investment, its third inside of two months. Permira, the private equity firm and prolific late-stage tech investor, has taken a minimum 10 percent stake in the fintech business. Klarna and Permira are not… Read More

  • Visa takes a strategic stake in Klarna, the finance startup out of Sweden

    Visa takes a strategic stake in Klarna, the finance startup out of Sweden

    Klarna, the $2 billion+ startup out of Sweden that works with some 70,000 e-commerce sites to enable payments and provide flexible financing to make purchases, is adding one more key investor to help take its next steps into a wider range of services. Today it announced that credit card giant Visa is making an equity investment in the company, and as part of it, the two are forging a… Read More

  • Klarna gets a full banking license, gears up to go beyond financing payments

    Klarna gets a full banking license, gears up to go beyond financing payments

    After Anders Holch Povlsen and his firm Brightfolk bought up a stake of at least $225 million in Klarna earlier this month, today the profitable Swedish payments startup, now valued at over $2.25 billion, is stepping up its game. Klarna has announced that it has picked up a full banking license from Finansinspektionen, the Swedish Financial Supervisory Authority. The license will give… Read More

  • Fashion magnate takes $225M+ stake in Swedish payment unicorn Klarna

    Fashion magnate takes $225M+ stake in Swedish payment unicorn Klarna

    Payments startup Klarna is ramping up its valuation again as it picks up a new, strategic investor. Last valued at $2.25 billion in 2015, the company today announced that Brightfolk, controlled by fashion tycoon Anders Holch Povlsen, is becoming a “qualified owner” of Klarna — that is, buying up at least 10 percent of the company. Read More

  • Atomico closes on $765 million for its biggest fund yet

    Atomico closes on $765 million for its biggest fund yet

    Atomico has closed its fourth fund with $765 million, making it one of Europe’s single largest venture capital funds. The firm began raising the fund eleven months ago (we’d flagged it for you after searching the SEC filings). And while it represents a sizable step up from Atomico’s third fund, which closed with $476.6 million in 2013, its pace of fundraising highlights… Read More

  • Klarna buys BillPay, the PayPal of Germany, for $75M from Wonga

    Klarna buys BillPay, the PayPal of Germany, for $75M from Wonga

    Some chopping and changing is afoot in the world of payments in Europe. Today, Klarna, the startup out of Sweden that works with online merchants to enable flexible payment options, confirmed that it has acquired BillPay, a payments company based in Germany, from its previous owner Wonga, the startup that once achieved notoriety for predatory payday loans. The companies are not disclosing… Read More

  • The team behind Cookies is joining Klarna

    The team behind Cookies is joining Klarna

    All the work that went into creating peer-to-peer payment app Cookies isn’t disappearing forever. After filing for bankruptcy, Swedish tech company Klarna approached the team behind Cookies so that they can join another fintech company. The entire Cookies team except one co-founder is joining Klarna, as Klarna announced and t3n reported. I don’t think the two co-founders can… Read More