Klarna

paymentsp2p payments

FOUNDING YEAR: 2005
LOCATION: Sweden
Last Update: 10/07/2020

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About

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.

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

The company charges fee for approved purchases.

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.

Traction

VALUATION / MARKET CAP:

$5.5 B in 2019

REVENUE

$10M+ in 2018

REVENUE COMMENT:

Klarna had a total revenue of $600Million+ in 2018

ACTIVE USERS COMMENT:

Approximate value

TRACTION 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).

People

FOUNDERS

Sebastian Siemiatkowski

Victor Jacobsson

Niklas Adalberth

BOARD MEMBERS AND ADVISORS

Jon Kamaluddin

Michael Moritz

NUMBER OF EMPLOYEES

1000+

INVESTORS:

Ant Financial

Atomico

BlackRock

Creades

Creandum

DST Global

Emil Capital Partners

FJ Labs

General Atlantic

GP Bullhound

H&M

HarbourVest Partners

IVP

Lakestar

NorthZone

Oresound Group

Permira investment

QED Investors

Sequoia Capital

Tengelmann Ventures

USM Holdings Ltd.

Wellcome Trust

Momentum

FUNDED

YES

TOTAL FUNDING

$647.76 M

DATE OF LAST FUNDING

Mar 2020

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

$158.21 K

SEED CLOSED ON

Jan 2005

FUNDING SERIES

SERIES A  · $2.2 M  · Dec 2007

SERIES B  · $9 M  · May 2010

SERIES C  · $155 M  · Dec 2011

SERIES D  · $226.3 M  · Oct 2018

OTHERS  · $255.1 M · Jul 2017

SECONDARY MARKET  · $80 M · ---

DEBT FUNDING

$35.13 M

LISTED

NO

BASICS

FOUNDING YEAR:

2005

LOCATION:

Sweden

Views:

831 VISITORS | 1337 VIEWS
LATEST FUNDING ROUND

$648 M

TOTAL EMPLOYEES
1000+

About

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.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

Focus+
Momentum+
Traction+
People+
Other+

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