Klarna raised $93M from existing investors.


Klarna, a Stockholm, Sweden-based company providing financial services, completed an investment round totalling SEK 861M ($93M).

The money was provided by existing investors, approximately 90 persons and companies, and valued the company at SEK 32bn ($3.5bn). Backers include Brightfolk, Sequoia, Permira and the three founders of the company: Sebastian Siemiatkowski, Niklas Adalberth and Victor Jacobsson. The round was closed as the company is widely anticipated to publicly list its shares on the stock exchange.

Klarna, founded in 2005, is a Swedish bank that provides online financial services such as payment solutions for online storefronts, direct payments, post purchase payments and more. The company's business core is assuming stores' claims for payments and handle customer payments, thus eliminating the risk for seller and buyer.

Klarna claims that handles about 40% of all e-commerce sales in Sweden, operating cash totalling $21bn from online sales via its services  in 2017. The company has more than 2000 employees, most of them working at the headquarters in Stockholm.

Prior to this round, Klarna raised more than 300M in venture capital