Klarna acqhires German p2p payment startup Cookies

Cookie's acquisition is rather an opportunistic move from Klarna, as the German startup was already in bankruptcy, due to diasgreements between the co-founders over the lack of funding.

Klarna, as any Scandinavian company, is always on the hunt for good people, and taking all 16 Cookies' employees on its payroll was probably a bargain. It certainly sounds like a relief for the Germans.

Cookies is, or, rather, used to be, a peer-to-peer payment app founded in Germany, and which had raised $1.6 million in November 2015. Apparently it took only 10-12 months to burn it all. And this, combined with the lack of newly fresh investment to sustain to go to market phase, materialized in a bargain for Klarna.

The terms of the deal remain undisclosed.