Klarna closes USD 155 mln financing to accelerate expansion

Friday 9 December 2011 | 15:04 CET | News
Klarna, an online payments service, has received USD 155 million of financing from DST Global and General Atlantic. With the support of its new investors and continuing investor Sequoia Capital, Klarna will use the capital to expand into new geographies, hire more world-class talent and fuel its rapid growth in existing markets. With 6 million shoppers already using its service, Klarna handles over USD 2.5 billion worth of transactions annually for its 14,000 connected merchants. Founded 2005 in Stockholm, the company has grown from three founders to over 600 employees. Klarna is profitable,

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Categories: Internet
Countries: World
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