Klarna to invest USD 100 mln in US expansion

Thursday 4 December 2014 10:19 CET | News

Klarna, a Sweden-based online retail payments company, has revealed plans to invest USD 100 million in its US expansion.

Klarna Checkout enables consumers to buy online by entering only top-of-mind information like an email address and zip code. From there, Klarna assumes all the risk from the purchase transaction, pays the retailer immediately, and collects the amount due from the consumer within 14 days.

Klarna offers payment solutions such as a one-click purchase option for a range of online storefronts across Europe and did USD 200 million in revenue in 2013. It has 15 million users and 15,000 merchants in Sweden, Norway, Denmark, Finland, Germany, the Netherlands and Austria. The company has raised USD 250 million in funding from investors including Sequoia Capital, DST and General Atlantic.

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Keywords: Klarna, US, online payment, online transactions, payment option, retail payments
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce