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Massive fundraising will boost Klarnas mobile presence


Richard Handford

by

Swedish online payments firm Klarna has raised US$155 million that will enable it to expand into new geographic markets and also boost its technical skills in areas including mobile payments. The fundraising involves venture firms DST Global and General Atlantic while existing investors include Sequoia Capital. What’s distinctive about Klarna’s service is that subscribers are not obliged to pay for goods until after they have taken delivery of them. The service is available in Sweden, Norway, Finland, Denmark, Netherlands and most recently Germany.

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