Klarna secures $ 639 million in funding

Fresh money for Klarna: The payment provider has announced an additional financing round of 639 million US dollars. The company intends to drive the international and global growth of trade further.

The funding round closed with a post-money valuation of $ 45.6 billion. Klarna thus remains the highest rated private fintech in Europe and the second highest worldwide. The new cash injection of 639 million US dollars is primarily intended to push the company’s international expansion and global growth in retail.

The fresh money comes from SoftBank Vision Fund 2 as well as from existing investors such as Adit Ventures, Honeycomb Asset Management and WestCap Group. Other investors also include Sequoia Capital, SilverLake, Dragoneer, Permira, Commonwealth Bank of Australia, Bestseller Group, Ant Group, Northzone, GIC – Singapore’s sovereign wealth fund, as well as funds and accounts managed by BlackRock and HMI.

“Questioning obsolete models”

“Consumers are rejecting credit offers with interest and fees and increasingly preferring debit cards, while at the same time looking for shopping experiences that better suit their needs. Klarna’s more transparent and convenient alternatives are in line with changing global consumer preferences, driving global growth “, says Sebastian Siemiatkowski, founder and CEO of Klarna. “I am very proud that our investors support Klarna’s ambitions to challenge these outdated models and provide consumers with fair, transparent and convenient products that they can use to bank, shop and make payments every day.”

Source: com! professional by www.com-magazin.de.

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