Home / FINANCE / Visa is investing in Swedish fintech unicorn Klarna

Visa is investing in Swedish fintech unicorn Klarna


klarna Sebastian CEO
Klarna CEO
Sebastian Siemiatkowski.

Klarna

COPENHAGEN, Denmark — Visa is investing in Swedish payments
startup Klarna as partial of a vital partnership between the
pair.

Visa announced on Tuesday during a Money2020 discussion in
Copenhagen that it has concluded to take an undisclosed interest in
Klarna, that was
valued during $2.25 billion (£1.9 billion) in a final funding
round.

Klarna, founded in 2005 in Stockholm, lets online shoppers “buy
now and compensate later,” effectively advancing people credit online
with small some-more than an email residence and a postcode.

The association works with 70,000 retailers and has been used by over
60 million consumers.

Jim McCarthy, executive clamp boss of creation and
vital partnerships during Visa, says in a recover announcing the
deal: “Klarna has demonstrated an imagination in consumer credit
and online purchasing and together, we share a prophesy for how
today’s online and mobile commerce practice can be as simple
as they are in a genuine world.”

Klarna’s CEO and cofounder Sebastian Siemiatkowski says in the
release: “Partnering with Visa will give us a event to
strengthen a tellurian participation and product portfolio by
leveraging a total assets. We are vehement about the
possibilities of what we can do together.”

No sum of what a vital partnership competence demeanour like are
given in a recover announcing a understanding though Visa says it is
“part of a tellurian plan to open adult a Visa ecosystem.”

The investment comes during an engaging time for Klarna, which
final week announced that it has been postulated a banking
licence. You
can review a colleagues over during BI Nordic’s take on what this
means for a association here.

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