Klarna is Europe’s highest-valued fintech after $1bn raise
Klarna claims its round was oversubscribed four times over.
Klarna claims its round was oversubscribed four times over.
A report says Klarna is currently working on a half a billion new share issue.
Just 22% of the nation didn’t carry personal debt into 2021.
Blind allegiance has seen the BNPL sector explode in 2020.
The Information Commissioner’s Office (ICO) is investigating the claims.
It has doubled its value which was previously set at $5.5 billion just over a year ago.
Klarna is looking to raise half a billion from a mixture of new and old investors.
Profits have been slowly declining for the company.
Offerings range to terms of up to 48 months.
Klarna’s former VP of Engineering says he can’t wait to build “a mortgage bank for all”.
The new platform founded has been created by venture firm Blossom Capital.
Also this week, Wirecard teamed with Southeast Asian ride-sharing firm Grab.
Klarna is already embedded into Alibaba’s AliExpress.
The operational loss is down to its US expansion and its set up of a Berlin-based tech hub.
A product development hub will be launched in Milan.
CBA will own half of Klarna’s Australian and New Zealand business.
Swedish banking and payment firm puts AWS at the centre of new strategy.
Find out if European neobanks can tackle the challenging US market.
Some of this week’s news, in video format!
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
It’s now the most valuable EU fintech with a valuation of $5.5 billion.
The US will pay in four scheduled bi-weekly instalments to reflect the US salary schedule.
This week, Mastercard, Facebook and many more!
Bringing pay later to consumers in stores.
Apple’s new credit card, New York goes fintech, and more!
Single API is the gateway to 14 European markets.
New marketing campaign gets weird.
Fashion chain finds fintech to its liking.
Close Brothers Retail Finance comes with a loan book of £66m and 600 merchant clients.
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
Worldpay and online payments firm Klarna are joining forces. Worldpay clients in Austria, Finland, Germany, the Netherlands, Norway, Sweden, and the UK will be able to use Klarna’s invoice and credit-based payments.
Swedish fintech company Tink has signed with Nordic banks Nordea, Klarna and Nordnet. Integrating in 2018, the banks will use Tink’s payment technology and personal finance management (PFM) platform within their existing customer channels.
Klarna is having quite a summer. It reported sales and profit results for the first half of 2017 that represented gains of 21% and 138%, respectively, reports Finovate (Banking Technology‘s sister company). The strong financials come amid a series of headlines that show the Swedish payments company making strides on a number of fronts. This includes […]
Klarna has unveiled Wavy, a new, free P2P payments service. Available in iOS and Android as well as online, the free app enables users in more than 30 European markets to transfer euros between friends and family.
Investment firm Permira will acquire a 10% equity stake in Swedish payments and banking firm Klarna. As part of the deal, Permira will buy shares from existing shareholders General Atlantic, DST Global and Niklas Adalberth, upon receipt of approval from the Swedish Financial Supervisory Authority (Finansinspektionen). Once the transfer is complete, General Atlantic and DST […]
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
Visa is investing in Klarna, a Swedish payments and banking firm, and the two firms intend “to develop a future strategic partnership”.
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
Payments provider Klarna has powered up with a full banking licence from Finansinspektionen, the Swedish Financial Supervisory Authority. Sebastian Siemiatkowski, CEO of Klarna, says it is “now one of Europe’s largest banks with 60 million customers, 70,000 merchants and working seamlessly across borders”. With the licence, Klarna states it can broaden its product portfolio for […]
Sweden-based payments provider Klarna has acquired a fellow payments company in Germany, BillPay. The deal is understood to be worth £60 million.