Online Payment Company Klarna Raises $155 Million
Online payment services company Klarna has raised $155 million. What makes Klarna different is that buyers pay after they receive their goods. Klarna raised the funding from DST Global and General Atlantic. Some of this funding will be going towards buying shares from existing shareholders.
“Now is the time to raise the money and increase our growth rate and go for becoming the market leader in the global online payment space,” stated Klarna CEO Sebastian Siemiatkowski. “Call it crazy, but that’s what we want to do.”
[WSJ]This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry