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Online financial services
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1001+ employees
To make paying as simple, safe and above all, smoooth as possible.
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To make paying as simple, safe and above all, smoooth as possible.
45% employee growth in 12 months
Founded in 2005, at a time when online financial services for customers was in a state of relative infancy compared to today, Klarna was created with the aim of making it easier for people to shop online. The company offers innovative payment solutions that makes shopping smooth and convenient for consumers.
Klarna's main output is how it builds value-adding relationships with merchants by increasing conversion, average order value and sales while creating a superior consumer experience (e.g. integrating with ASOS to help you buy that pair of trainers before you get paid this month). It now operates globally, with over 400,000 merchants and over 147 million consumers.
Having dropped in value recently and announced a large round of job cuts, Klarna is facing some difficulties going forward. It also faces competition from Apple who are jumping into the buy now, pay later market, adding additional pressure on top of slower ecommerce growth and increased government regulation in this space. Klarna must effectively navigate this space in order to come out on top; however, given its market reputation and vast size, it certainly has plenty of opportunity to do so.
Steph
Company Specialist
Jul 2022
$800m
GROWTH EQUITY VC
Jun 2021
$639m
GROWTH EQUITY VC
This company has top investors
Founders
Sebastian
(CEO)Studied at the Stockholm School of Economics.
He joined in Sept 2018 as a Service Agent. He was promoted five times within 3.5 years to Product Manager.
Sara joined Klarna as a Service Agent back in August 2017. Almost 5 years later, she is now in her 5th position, this time as an Accountable Lead for the Market Expansion - app team.