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Klarna

Klarna Bank AB
Company typePrivate
Industry[Finance]
Founded2005 (2005)
Founders
HeadquartersStockholm, Sweden
Key people
RevenueIncrease 23.5 billion kr (2023)
Negative increase −3.2 billion kr (2023)
Negative increase −2.5 billion kr (2023)
Total assetsIncrease 137 billion kr (2023)
Total equityIncrease 14.7 billion kr (2023)
Owners
Number of employees
4,201 (2023)
Websiteklarna.com
Footnotes / references
[1][2][3]

Klarna Bank AB, commonly referred to as Klarna, is a Swedish fintech company that provides online financial services. The company provides payment processing services for the e-commerce industry, managing store claims and customer payments.[4] The company is a "buy now, pay later" service provider.[5]

The company has more than 5,000 employees, most of them working at the headquarters in Stockholm and Berlin. In 2021, the company handled about US$80 billion in online sales.[1] As of 2011, about 40% of all e-commerce sales in Sweden went through Klarna.[6] In 2021, the company was Europe's most valuable private tech company, at a $45.6 billion valuation. However, their valuation was cut to $6.7 billion in 2022 after struggling to attract additional outside investment.[7][8][9][10]

  1. ^ a b "Klarna Bank AB 2023 Annual Report" (PDF) (pdf). Klarna. 28 February 2024. Archived (PDF) from the original on 20 May 2024. Retrieved 19 May 2024.
  2. ^ Milne, Richard (1 December 2020). "Michael Moritz named chairman of Swedish fintech Klarna". Financial Times. Archived from the original on 14 July 2022. Retrieved 14 July 2022.
  3. ^ Levingston, Ivan; Hammond, George; Milne, Richard; Quinio, Akila (9 March 2024). "Klarna's reclusive co-founder buys up shares using opaque structure". Financial Times. Archived from the original on 3 April 2024. Retrieved 20 May 2024.
  4. ^ "About us". Klarna US. Archived from the original on 1 March 2021. Retrieved 27 September 2021.
  5. ^ Milne, Richard (5 March 2013). "A Swedish take on 'buy now, pay later'". Financial Times. Archived from the original on 27 September 2021. Retrieved 27 September 2021.
  6. ^ "E-barometern". Archived from the original on 7 August 2011. Retrieved 22 August 2011.
  7. ^ "Klarna's valuation crashes to under $7bn in tough funding round". Financial Times. 11 July 2022. Archived from the original on 11 July 2022. Retrieved 11 July 2022.
  8. ^ "Klarna sees its value slashed by 85% in latest round of fundraising". the Guardian. 11 July 2022. Archived from the original on 26 November 2022. Retrieved 26 November 2022.
  9. ^ Mukherjee, Supantha (11 July 2022). "Klarna raises $800 million as valuation plunges 85% in a year". Reuters. Archived from the original on 26 November 2022. Retrieved 26 November 2022.
  10. ^ "Sebastian Siemiatkowski". Forbes. Archived from the original on 26 November 2022. Retrieved 26 November 2022.

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