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Klarna
Klarna Group plc, 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. The company is a "buy now, pay later" service provider.
The company has more than 5,000 employees. Most work at the headquarters in Stockholm and offices in Berlin. In 2021, the company handled about US$80 billion in online sales.
Klarna initially planned to file as an American initial public offering (IPO) in April 2025 and was projected to be valued at $15 billion. The valuation was about one-third of its peak of $45.6 billion in 2021. Klarna delayed its IPO filing as a result of market volatility amid tariff uncertainties under the Trump administration, but launched its IPO in September 2025 and raised $1.37 billion.
Sebastian Siemiatkowski, Niklas Adalberth, and Victor Jacobsson founded Klarna in 2005 after participating in the Stockholm School of Economics annual entrepreneurship competition. Angel investor Jane Walerud invested in their company and connected them with a team of programmers.
In 2007, venture capital firm Investment AB Öresund invested in the company. In 2010, Klarna started providing services in Norway, Finland, Denmark, Germany and the Netherlands. It also received an investment from Sequoia Capital, and increased its revenue by over 80% to US$54 million (~400 million SEK). In 2011, British newspaper The Telegraph listed Klarna as one of Europe's 100 most promising young tech companies.
In 2011, growth equity firm General Atlantic led a $155 million investment round joined by DST Global, and General Atlantic's managing director Anton Levy joined the board of directors. In May 2011, Klarna acquired Israeli company Analyzd, which provided risk management and fraud prevention services. As of 2011[update], about 40% of all e-commerce sales in Sweden were through Klarna. In 2013, Klarna and German SOFORT AG merged to become Klarna Group.
Klarna launched in the United States in 2015, and the US has become its principal focus for growth, after securing exclusive partnerships with luxury department store Macy's. That year, Minister of Enterprise and Innovation Mikael Damberg dubbed Klarna one of Sweden's "five unicorns", by which he meant startup companies that had succeeded in growing and attracting international investments. The other four were Spotify, Mojang, Skype, and King. In 2018, Klarna acquired Close Brothers Retail Finance from the UK Close Brothers Group.
In 2019, Klarna raised $460 million with plans to expand its operations in the US, with participation from Dragoneer Investment Group, Commonwealth Bank of Australia, HMI Capital, Merian Chysalis Investment Company Limited, and others. This funding round valued the company at $5.5 billion, making Klarna the largest fintech start-up in Europe. In 2020, Klarna acquired Nuji, a marketplace for fashion and lifestyle goods.
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Klarna
Klarna Group plc, 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. The company is a "buy now, pay later" service provider.
The company has more than 5,000 employees. Most work at the headquarters in Stockholm and offices in Berlin. In 2021, the company handled about US$80 billion in online sales.
Klarna initially planned to file as an American initial public offering (IPO) in April 2025 and was projected to be valued at $15 billion. The valuation was about one-third of its peak of $45.6 billion in 2021. Klarna delayed its IPO filing as a result of market volatility amid tariff uncertainties under the Trump administration, but launched its IPO in September 2025 and raised $1.37 billion.
Sebastian Siemiatkowski, Niklas Adalberth, and Victor Jacobsson founded Klarna in 2005 after participating in the Stockholm School of Economics annual entrepreneurship competition. Angel investor Jane Walerud invested in their company and connected them with a team of programmers.
In 2007, venture capital firm Investment AB Öresund invested in the company. In 2010, Klarna started providing services in Norway, Finland, Denmark, Germany and the Netherlands. It also received an investment from Sequoia Capital, and increased its revenue by over 80% to US$54 million (~400 million SEK). In 2011, British newspaper The Telegraph listed Klarna as one of Europe's 100 most promising young tech companies.
In 2011, growth equity firm General Atlantic led a $155 million investment round joined by DST Global, and General Atlantic's managing director Anton Levy joined the board of directors. In May 2011, Klarna acquired Israeli company Analyzd, which provided risk management and fraud prevention services. As of 2011[update], about 40% of all e-commerce sales in Sweden were through Klarna. In 2013, Klarna and German SOFORT AG merged to become Klarna Group.
Klarna launched in the United States in 2015, and the US has become its principal focus for growth, after securing exclusive partnerships with luxury department store Macy's. That year, Minister of Enterprise and Innovation Mikael Damberg dubbed Klarna one of Sweden's "five unicorns", by which he meant startup companies that had succeeded in growing and attracting international investments. The other four were Spotify, Mojang, Skype, and King. In 2018, Klarna acquired Close Brothers Retail Finance from the UK Close Brothers Group.
In 2019, Klarna raised $460 million with plans to expand its operations in the US, with participation from Dragoneer Investment Group, Commonwealth Bank of Australia, HMI Capital, Merian Chysalis Investment Company Limited, and others. This funding round valued the company at $5.5 billion, making Klarna the largest fintech start-up in Europe. In 2020, Klarna acquired Nuji, a marketplace for fashion and lifestyle goods.