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fashion magnate takes $225m+ stake in swedish payment unicorn klarna

fashion magnate takes $225m+ stake in swedish payment unicorn klarna News Article With The full text news. The Resource Link is down the post and you can View this News Article in the source page.



fashion magnate takes $225m+ stake in swedish payment unicorn klarna

payments startup klarna is ramping up its valuation again as it picks up a new, strategic investor. last valued at $2.25 billion in 2015, the company today announced that brightfolk, controlled by fashion tycoon anders holch povlsen, is becoming a “qualified owner” of klarna — that is, buying up at least 10 percent of the company.this is a secondary deal: specifically, povlsen is buying shares from existing investors general atlantic, dst global and co-founder niklas adalberth, all of whom still retain stakes as klarna shareholders after the transaction.at klarna’s $2.25 billion valuation, brightfolk’s 10-percent+ stake is valued at $225 million or more. but while the company is not commenting on any of the financial terms of today’s deal, techcrunch understands that this is an “up” round, with the valuation now higher than $2.25 billion.klarna enables payments on third-party websites and apps, with flexible purchasing options such as paying upon delivery or over time (it also handles the finance, and says it is the largest company of its kind doing that), and perhaps uniquely among finance startups it is already profitable.that is not surprising. according to an investor deck from 2016 that techcrunch was passed by a source last month — which, incidentally confirm the $2.25 billion valuation and $80 million fundraise, which had only been reported up to now — klarna had processed transactions from 45 million users from 65,000 merchants in 18 countries, equ...