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Ant Financial Group & Klarna announce investment to fuel global cooperation

Mar 05, 2020over 5 years ago
Stockholm And New York

Description

Klarna, a leading global payments and shopping provider, is pleased to announce that Ant Financial Services Group, owner and operator of the world's leading payments and lifestyle platform Alipay, has taken a minority stake in Klarna, as the two companies deepen their partnership to bring more innovative and convenient financial services to consumers worldwide.

Company Information

Company

Klarna

Location

Stockholm And New York, New York, United States

About

We make shopping smooth. With Klarna consumers can buy now and pay later, so they can get what they love today. Klarna's offering to consumers and retailers include payments, social shopping, and personal finances. Over 200,000 merchants including H&M, Adidas, IKEA, Expedia Group, ASOS, Peloton, Abercrombie & Fitch, Michael Kors, MVMT, Nike, AliExpress, Superdry, Boohhoo Sephora, Spotify, Wayfair, Shein, Gymshark, Samsung, Zara, Steve Madden, Daniel Wellington, Rue21, TOMS, Sonos, Agent Provocateur, Lufthansa, ETSY and many more have enabled Klarna's innovative shopping experience online and in-store. Klarna is the most highly valued fintech in Europe with a valuation of $5.5bn and one of the largest private fintechs globally. Klarna was founded in 2005, has over 2,700 employees and is active in 17 countries. For more information, visit klarna.com. Klarna has been backed by Sequoia Capital since 2010 and more recently, Dragonner, Bestseller Group, Permira, Commonwealth Bank of Australia, Blackrock holdings and Visa.