Klarna raises USD90m for acquisition of SOFORT

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Klarna has announced it has raised USD90 million from its investors, in order to finance the acquisition of SOFORT. The fundraising was led by Klarna’s founders and existing investors such as Sequoia Capital, General Atlantic and Atomico.

“This additional funding is a vote of confidence in Klarna’s long term vision to become the world’s favourite way to buy. Together with SOFORT we are the leading European alternative payment provider and we will now further accelerate our growth. We are very proud that our existing investors continue to support Klarna in this way”, said Sebastian Siemiatkowski, CEO and co-founder of Klarna.

The acquisition of SOFORT was completed in early March, when the two companies formed Klarna Group, an alternative online payments provider in Europe.

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