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.
Whitepapers
Related reading
The latest issue of Payments [R]Evolution magazine is here
The industry-leading magazine is available to download now.
Dimebox CEO Raymundo Leefmans: “Bringing value to merchants is more important than just processing transactions from A to B.”
"Big players and traditional acquirers are struggling to get out of the commodity corner, to the point of providing agile services that allow them to be omni-channel and data-centric. That is what we provide, an opportunity to fulfill those goals."
Currencycloud secures a $25m investment from Google
The funding round totalled $61m, and will used to finance the company's global expansion plans.
Wirex, Paytm are latest digital payments companies to complete funding rounds
Monzo also revealed its latest funding round last week.