Klarna provides payment solutions for e-commerce customers. The company offers integrated mobile payment and checkout platform that allows customers to pay after they receive the goods instead of when they order them. Recently, the company was received full banking license by the Swedish Financial Supervisory Authority and planning to launch P2P payments services to their customers.
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.
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Retail Banking Customers and Merchants
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.
Sebastian Siemiatkowski, Victor Jacobsson, Niklas Adalberth
The company has grown the current user's database to 60 M+ active accounts and also tie up with 70,000 merchants (June 2017).
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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)