Nothing Special   »   [go: up one dir, main page]
Scribd
Upload
82 views1 page

Klarna: Klarna A Company Valued To Be 5.5 Billion and 8 Most Valued Fintech Company in The World

Uploaded by

Chetan Narasannavar

Klarna is a Swedish fintech company valued at $5.5 billion that allows online shoppers to pay for purchases over time. Founded in 2007 by three Swedish students, Klarna gained early success providing "buy now, pay later" payment options and consulting services to other fintech firms. After expanding globally and reaching a valuation of $5.5 billion, Klarna is now the eighth most valuable fintech company worldwide following a recent funding round and partnership with BlackRock.

Copyright:

© All Rights Reserved
Download as DOCX, PDF, TXT or read online from Scribd
Download as docx, pdf, or txt

Klarna: Klarna A Company Valued To Be 5.5 Billion and 8 Most Valued Fintech Company in The World

Uploaded by

Chetan Narasannavar
82 views1 page
Klarna is a Swedish fintech company valued at $5.5 billion that allows online shoppers to pay for purchases over time. Founded in 2007 by three Swedish students, Klarna gained early success providing "buy now, pay later" payment options and consulting services to other fintech firms. After expanding globally and reaching a valuation of $5.5 billion, Klarna is now the eighth most valuable fintech company worldwide following a recent funding round and partnership with BlackRock.

Original Title

Klarnabbj.kj.kj

Copyright

© © All Rights Reserved

Available Formats

DOCX, PDF, TXT or read online from Scribd

Did you find this document useful?

Is this content inappropriate?

Klarna is a Swedish fintech company valued at $5.5 billion that allows online shoppers to pay for purchases over time. Founded in 2007 by three Swedish students, Klarna gained early success providing "buy now, pay later" payment options and consulting services to other fintech firms. After expanding globally and reaching a valuation of $5.5 billion, Klarna is now the eighth most valuable fintech company worldwide following a recent funding round and partnership with BlackRock.

Copyright:

© All Rights Reserved
Download as DOCX, PDF, TXT or read online from Scribd
Download as docx, pdf, or txt
82 views1 page

Klarna: Klarna A Company Valued To Be 5.5 Billion and 8 Most Valued Fintech Company in The World

Uploaded by

Chetan Narasannavar
Klarna is a Swedish fintech company valued at $5.5 billion that allows online shoppers to pay for purchases over time. Founded in 2007 by three Swedish students, Klarna gained early success providing "buy now, pay later" payment options and consulting services to other fintech firms. After expanding globally and reaching a valuation of $5.5 billion, Klarna is now the eighth most valuable fintech company worldwide following a recent funding round and partnership with BlackRock.

Copyright:

© All Rights Reserved
Download as DOCX, PDF, TXT or read online from Scribd
Download as docx, pdf, or txt
You are on page 1/ 1

Klarna

Klarna a company valued to be 5.5 billion and 8th most valued Fintech
Company in the world
1. Klarna company established in 2007 by 3 Swedish business school students
a. Sebastian siemiatkwoski
b. Niklas adalbeth
c. Victor Jacobson
2. A sales manager June Walred who liked the idea of klarna which was based on “buy
now pay later system”, which was given in 2005 and they wanted to implement it in
online payment services.
3. Mr. June formed a team to execute this idea he helped klarna to build its own software
with the Ericson’s naming the software erlang by 2007
4. Initial investers were common wealth bank of Australia, dragoneer, who got abt 80per
profit by first year
5. Then it started consultancy service to companies based on financial technology like
paypal, m-pesa which was huge success in kenya abt 98%of people use m-pesa for
bank transactions online payments loans etc . and from then they started giving
services to other countries like Finland, Austria, Norway, Denmark, UK etc
6. During start of the year2019 company made investers to put their money about 2.5
billion from then to April it increased to 3.5 billion and by last week abt 5.5 billion
which made it 8th most valued fintech company in the world. Just from last year to this
year investment in fintech companies has increased abt 24percent. In India abt 48per
of population use fintech and in china abt 69percent.
7. New shareholders are as soquoa capital, Alibaba, snoop dog
8. Company when they moved from Sweden to USA in 2015 they were hit abruptly and
it was difficult to maintain company so they merged with the Blackrock. BlackRock
being the world’s best asset management company brought back Klarna to its place as
it started and started to gain the market again by focusing on customers who use to
buy more amt of stocks or goods from market as black people because most of the
restaurants are owned by blackpeople and black people use to cook more at home than
go to hotel but in case of whote people it was different abt 67%of the white people in
USA went to restaurants to eat daily.
9. It also started to give consultancy to local company in return got money last year it
made 19m outmof 627m of revenue.
10. It was the first company to get quickest banking licence from USA and made abt
21billion of sales.
11. INITAIL YEAR PROFIT IS ABOUT 521 MILLION ESTIMATED TO BE 80 PER
OF PROFIT IN SINGLE YEAR
12.

You might also like