Klarna announced it has raised €90 million from its investors, in order to finance the acquisition of SOFORT today. The round was led by Klarna’s founders, with participation from its existing investors Sequoia Capital, General Atlantic and Atomico and comes right after Klarna acquired its German-rival SOFORT.
The acquisition of SOFORT was completed in early March, when the two companies formed Klarna Group, Europe’s leading alternative online payments provider.
“This additional funding is a vote of confidence in Klarna’s long term vision to become the world’s favorite way to buy.” Sebastian Siemiatkowski, CEO and co-founder of Klarna, said. “Together with SOFORT we are the leading European alternative payment provider and we will now further accelerate our growth. We are very proud that our existing investors continue to support Klarna in this way.”
Klarna Group’s services are used by over 25 million consumers and 45,000 online retailers across 14 European countries. The company has processed more than 140 million transactions. (BusinessWire)
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