About: http://data.cimple.eu/news-article/41e423aca6b2767b93c999133a04a4e50d6d3b20dfa148532e2b5302

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About: http://data.cimple.eu/news-article/41e423aca6b2767b93c999133a04a4e50d6d3b20dfa148532e2b5302 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Swedish payment solutions provider Klarna said Tuesday it had raised $650 million (547 million euros) in a funding round, putting the estimated value of the company past $10 billion for the first time. Launched in 2005, Klarna now offers an app which provides consumers with an easy platform to shop with retailers, automatically giving them four months to pay for purchases and offering plenty of promotions. Klarna also offers businesses online payment solutions for their proper sites, handling both credit card payments and invoices. Klarna's app has more than 12 million monthly users worldwide and the firm says it has over 200,000 retail partners. According the company, the new "post money valuation of $10.65 billion" means Klarna is the highest valued fintech firm in Europe, and fourth worldwide. Currently operating in 17 countries, the company employs some 3,500 people. Klarna co-founder Sebastian Siemiatkowski said the firm has benefited from "the context of the current accelerated switch to online retail and evolving consumer preferences" due to the Covid-19 pandemic, having added more than 35,000 new retailers during the first half of 2020. The company, which says it is planning on going public, lost money for the first time in 2019 due to heavy investments as it sought to expand in the US. New investors in the latest round of financing include private equity firm Silver Lake and investment management company Blackrock, as well as Singapore's sovereign wealth fund GIC. They join credit card behemoth Visa and rapper Snoop Dogg, among others. map/jll/rl
schema:headline	Swedish fintech Klarna surpasses $10bn in valuation
schema:mentions	Silver Lake Partners Private equity Visa Inc. Sovereign wealth fund BlackRock Credit card Snoop Dogg Singapore Sweden Europe Pandemic Coronavirus disease 2019 GIC Private Limited Klarna Investment management Financial technology JLL (company)
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-09-15 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	80 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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