LIFETIME OF ACHIEVEMENT IN FINTECH
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later in 3 instalments by Klarna - UK
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Additional funds were then raised courtesy of Sequoia Capital , helping to propel revenue growth by more than 80 % at the time .
One of Europe ’ s fastest-growing tech companies by the early 2010s , Klarna raised a significant US $ 155m from General Atlantic and DST Global in 2011 , as it began scaling to new heights .
Klarna then merged with SOFORT AG to create Klarna Group in 2013 , from which point the fintech was firmly on a path to becoming one of the world ’ s biggest firms of its kind . Signing an exclusive partnership deal with Macy ’ s in the US reinforced this further , marking Klarna ’ s first foray outside of Europe .
Raising US $ 460m for expansion in the US consolidated Klarna ’ s position as Europe ’ s biggest fintech startup in 2019 , before a further US $ 639m investment led by SoftBank Group ’ s Vision 2 Fund saw the fintech reach its highest valuation yet – US $ 45.6bn .
It was at this time that Siemiatkowski saw his personal valuation soar to more than US $ 2bn before he ’ d even reached the age of 40 , as Klarna expanded its partnerships to include H & M , Ticketmaster , ASOS and Footlocker .
A global fintech success Today , Klarna remains at the top of the fintech tree worldwide , with more than 150 million active customers and partnerships
24 March 2024