KLARNA
ABOUT
Klarna Bank is the brainchild of founders Sebastian Siemiatkowski, Niklas Adalberth, and Victor Jacobsson. Being one of the largest banks in Europe, Klarna was a very early mover in what is now widely called buy-now-pay-later (“BNPL”) and has built its business on the concept of giving consumers a way to buy things online without having to pay for them upfront, and without resorting to a credit card. Klarna offers various payment solutions such as direct payments, pay after delivery options and instalment plans; either as part of online retailer integration as an option at checkout on websites, and also through its app. Its direct-to-consumer mobile app acts as a shopping browser, where more than 20,000 retail partners are featured on the app. Klarna also has a range of licensed banking services, such as savings and current accounts, in Sweden and Germany, with more countries to follow. The company reports about 90 million active consumers which are utilized by 250,000 merchants spanning across 17 countries.
They have been titled as the highest valued private fintech company in Europe at USD31 billion as of March 2021.This funding round now ranks Klarna as the highest-valued private fintech in Europe and 4th highest worldwide.
Klarna aims to become the world’s favourite way to shop, whilst maintaining safety and simplicity.
Klarna debuts new open banking service 31 March 2022
New Funding Could Value Klarna at $60B 10 Febuary 2022
Buy now, pay later firm Klarna launches physical card in the UK 26 January 2022
PYMNTS: Klarna teams with GoCardless for US expansion 14 December 2021
Altfi: Klarna partners with Harrods 7 December 2021
PYMNTS: Klarna Launches its Pay in 3 BNPL Option in Portugal 17 November 2021
Pymnts: Klarna Expands BNPL Services to Ireland 9 November 2021
Tech Crunch: Klarna jets into travel with Inspirock acquisition 22 October 2021
CNBC: Klarna CEO says market volatility has him ‘nervous’ about an IPO 21 September 2021
PYMTS: BNPL firm Klarna hits 20 million US customers 23 August 2021
PYMTS: Klarna might consider IPO as soon as next year 18 August 2021
PYMTS: BNPL firm Klarna officially debuts in Poland 18 August 2021
Cision: Klarna releases The State of Smoooth 2021 29 June 2021
A$AP Rocky joins Klarna for global campaign 8 June 2021
Klarna launches in France 8 June 2021
Klarna lauches in NZ 4 May 2021
Talking Influence: Klarna launches influencer council 12 March 2021
Transaction value jumps for Klarna amid "buy now pay later" boom 25 February 2021
*Valuations are estimates