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Category: Klarna

Klarna launches a peer-to-peer payment app called Wavy

 Fintech startup Klarna grew thanks to its e-commerce payment service, but now the startup is diversifying a bit. The Swedish company is launching Wavy, a free peer-to-peer payment app and service. After Cookies imploded, Klarna approached the team behind the German app so that they could join another fintech company. It turns out that this team has been working on another peer-to-peer payment app. Read More Comments closed

Fintech startup Klarna taps Permira for around $250M at $2.5B valuation

 Klarna, the Swedish startup that works with e-commerce businesses and retailers to provide financing and other payment services, today announced that it has picked up yet another large investment, its third inside of two months. Permira, the private equity firm and prolific late-stage tech investor, has taken a minimum 10 percent stake in the fintech business. Klarna and Permira are not… Read More Comments closed

Klarna gets a full banking license, gears up to go beyond financing payments

 After Anders Holch Povlsen and his firm Brightfolk bought up a stake of at least $225 million in Klarna earlier this month, today the profitable Swedish payments startup, now valued at over $2.25 billion, is stepping up its game. Klarna has announced that it has picked up a full banking license from Finansinspektionen, the Swedish Financial Supervisory Authority. The license will give… Read More
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Fashion magnate takes $225M+ stake in Swedish payment unicorn Klarna

 Payments startup Klarna is ramping up its valuation again as it picks up a new, strategic investor. Last valued at $2.25 billion in 2015, the company today announced that Brightfolk, controlled by fashion tycoon Anders Holch Povlsen, is becoming a “qualified owner” of Klarna — that is, buying up at least 10 percent of the company. This is a secondary deal: specifically,… Read More Comments closed

Atomico closes on $765 million for its biggest fund yet

niklas-zennstrom-atomico4 Atomico has closed its fourth fund with $765 million, making it one of Europe’s single largest venture capital funds. The firm began raising the fund eleven months ago (we’d flagged it for you after searching the SEC filings). And while it represents a sizable step up from Atomico’s third fund, which closed with $476.6 million in 2013, its pace of fundraising highlights… Read More
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