Klarna raised $460M in capital equity to further support US expansion.
Klarna, a Stockholm, Sweden-based financial services company, announced in a press release raising $460M capital in a new investment round.
The funding was at made at a post money valuation of $5.5 billion and was led by Dragoneer Investment Group, and included Commonwealth Bank of Australia, HMI Capital LLC, Merian Chrysalis Investment Company Limited, Första AP-Fonden (AP1), IPGL, IVP and funds and accounts managed by BlackRock.
This investment follows a funding round in April 2019 that closed above the company’s $100 million target and supported by existing investors.
Klarna, founded in 2005 by CEO Sebastian Siemiatkowski, offers direct payments, pay after delivery options and instalment plans in a smooth one-click purchase experience that lets consumers pay when and how they prefer to. The company claims to serve over 60 million consumers and work with 130,000 merchants partners, processing 1 million transactions daily and aiming to get to a $1 billion annual revenue.