Massive fundraising will boost Klarnas mobile presence

12 Dec 2011

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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Richard Handford

Richard is the editor of Mobile World Live’s health and money channels. He is an experienced technology and business journalist who previously worked as a freelancer for many publications over the last decade...More

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