• FOUNDING YEAR: 2005
    LOCATION:
    Sweden
    REGION:
    Stockholms län Stockholms län
    Last Update:
    18 Sep, 2019
    Global presence:
    United States, United Kingdom, Germany, Denmark

Description

FOCUS

PRODUCTS & SERVICES:
Provider of checkout and billing solutions for merchants and shoppers. The company's product Klarna Invoice software which allows customers to buy items now and pay for them later by invoice or through installments. The platform offers a secure and simple way to foster sales for e-stores.
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Retail Banking Customers and Merchants
COMMENT
Using data that has been gathered through millions of purchases throughout the years, Klarna can create accurate algorithms that enables the highest acceptance rate on the market.

PEOPLE

FOUNDERS:
Sebastian Siemiatkowski, Victor Jacobsson, Niklas Adalberth
Board Members and Advisors:
Jon Kamaluddin, Michael Moritz
NUMBER OF EMPLOYEES:
1000+
INVESTORS:
H&M, Creandum, FJ Labs, Sequoia Capital, General Atlantic, Atomico, QED Investors, DST Global, Oresound Group, Emil Capital Partners, Tengelmann Ventures, Creades, IVP, Northzone, Lakestar, GP Bullhound, USM Holdings Ltd., Permira investment, HarbourVest Partners

TRACTION

VALUATION / MARKET CAP:
$5.5 Billions in 2019
REVENUE:
$10M+ in 2018
REVENUE COMMENT:
Viewable by subscribers only
ACTIVE USERS COMMENT:
Approximate value
COMMENT:
The company has grown the current user's database to 60 M+ active accounts and also tie up with 70,000 merchants (June 2017).

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$356 Millions
DATE OF LAST FUNDING:
Oct 2018
TOTAL FUNDING COMMENT:
The company will use the funds to expand to the United States and Asia and would simplify H&M’s returns and delivery processes as well as combining its in-store, online and mobile payments. (Oct. 2018)
SEED & PRIOR FUNDING:
$80 K
SEED CLOSED ON:
Jan 2005
FUNDING SERIES:
SERIES A
$2.2 Millions Closed: Nov 2007
SERIES B
$9 Millions Closed: May 2010
SERIES C
$155 Million Closed: Dec 2011
SERIES D
$226.3 Millions Closed: Oct 2018
DEBT FUNDING:
$32.5 Millions
LISTED:
NO

LATEST RESEARCH