Klarna nears billion dollar valuation

Klarna, a Swedish online payments service, is the latest European technology company to achieve a valuation approaching a billion dollars, thanks to a new venture fundraising from investors DST Global and General Atlantic.

Stockholm-based Klarna, which doubled its revenues to $120m in 2011 and has been profitable for several years, has raised $155m to accelerate its growth. According to stock market filings by Øresund, an existing Swedish investor, the fundraising values Klarna at around $800m.

For the full article click here

  More Latest News
more about payments

Copyright © 2011-2016 | | All rights reserved.   Legal   About Us