German payment (gateways) market leader Sofort has been acquired by Swedish rival payments firm, Klarna for a sum of around $150 Million according to Techcrunch. According to Klarna, the combined entity would be able to tap into the European $100 Billion e-commerce market with their payment systems. With this combination, the two companies will have over 25 Million users and partnerships with more than 50% of Germany’s online merchants.
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