Headquarters: Berlin, Germany
Founded: February 2013
Founder(s): Maximilian Tayenthal, Valentin Stalf
Notable Investors: Sequuoia Capital, Silver Lake, Mubadala, Softbank Vision Fund, General Atlantic, Dragoneer Investment Group
Klarna is a Swedish financial technology company that provides payment solutions for e-commerce merchants and consumers. The company was founded with the goal of making online payments simpler and more secure for customers.
Klarna offers several payment options for consumers, including pay later options, installment plans, and financing, which can be used at the point of purchase on e-commerce websites. Customers can choose to pay for their purchases in full at a later date or spread out their payments over time. The company also provides merchants with fraud protection and risk management services to help reduce the risk of fraudulent transactions.
Klarna operates on a “buy now, pay later” model, which has become increasingly popular in recent years, particularly among younger consumers who prefer the flexibility of paying for their purchases over time. The company’s services are available in multiple countries, including the United States, the United Kingdom, Germany, and Australia, among others.
Klarna has received significant investment from a number of prominent venture capital firms, including Sequoia Capital, General Atlantic, and Dragoneer Investment Group, among others.
Klarna was last valued at $6.7bn post-money when it raised $800m from Sequoia Capital and existing investors in mid-2022.