OverviewSuggest Edit

Klarna is an e-commerce company and a fully licensed bank that offers payment solutions for online platforms, serving e-stores, merchants and shoppers. It allows buyers to pay for ordered goods after receiving them, providing users with a safe after delivery payment solution. The company offers traffic acquisition, upstream marketing, payment processing, dispute resolutions, and cross-selling services. Its Klarna app's features include wishlist, financial overview, and insights with a possibility to connect other bank accounts and cards, delivery tracking, an overview of all purchases and a 24/7 chat function.

TypePrivate
Founded2005
HQStockholm, SE
Websiteklarna.com
Employee Ratings3.3
Culture scoreB+

Latest Updates

Employees (est.) (Mar 2020)2,500(+46%)
Job Openings119
Revenue (FY, 2019)KR7.2 B(+32%)

Key People/Management at Klarna

Sebastian Siemiatkowski

Sebastian Siemiatkowski

Co-Founder / CEO and Board Member
Jon Kamaluddin

Jon Kamaluddin

Chairman of the Board of Directors
Knut Frangsmyr

Knut Frangsmyr

Deputy CEO and Chief Operating Officer
Michael Moritz

Michael Moritz

Board Member
David Sandstrom

David Sandstrom

Chief Marketing Officer
Sarah McPhee

Sarah McPhee

Board Member
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Klarna Office Locations

Klarna has offices in Stockholm, Columbus, New York, Los Angeles and in 6 other locations
Stockholm, SE (HQ)
Sveavägen 46
Vienna, AT
Mayerhofgasse 1/20
Helsinki, FI
Korkeavuorenkatu 34
Munich, DE
Theresienhöhe 12
Amsterdam, NL
De Ruyterkade 7
Oslo, NO
Biskops Gunnerus’ gate 14A
Show all (10)

Klarna Financials and Metrics

Summary Metrics

Klarna's latest funding round in January 2020 was reported to be $200 m. In total, Klarna has raised $1.4 b. Klarna's latest valuation is reported to be $5.5 b.
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Klarna Revenue

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Klarna's revenue was reported to be kr7.15 b in FY, 2019 which is a 31.3% increase from the previous period.
SEK

Revenue (FY, 2019)

7.2b

Revenue growth (FY, 2018 - FY, 2019), %

31.3%

Gross profit (FY, 2019)

6.2b

Gross profit margin (FY, 2019), %

87.1%

Net income (FY, 2019)

(902.4m)

EBIT (FY, 2019)

(1.1b)

Market valuation

5.5b

Cash (31-Dec-2019)

107.1m

EV

10.3b
Annual
SEKFY, 2017FY, 2018FY, 2019

Revenue

4.5b5.5b7.2b

Revenue growth, %

27%20%31%

Cost of goods sold

367.8m588.0m920.7m

Gross profit

4.2b4.9b6.2b
Half Year
SEKH1, 2017H1, 2018H1, 2019

Revenue

2.1b2.8b3.2b

Cost of goods sold

158.4m256.2m373.3m

Gross profit

1.9b2.5b2.9b

Gross profit Margin, %

92%91%88%
Annual
SEKFY, 2017FY, 2018FY, 2019

Cash

36.0k331.0k107.1m

Accounts Receivable

15.1b22.3b31.6b

Prepaid Expenses

69.9m136.7m148.3m

PP&E

61.8m80.6m892.7m
Quarterly
SEKQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Cash

2.0b1.6b3.5b2.3b45.0k2.2b582.0k572.0k577.0k

Accounts Receivable

8.5b9.7b10.8b13.7b17.5b16.1b22.2b24.4b27.3b

Prepaid Expenses

103.1m222.2m

PP&E

55.5m57.7m60.8m57.2m50.1m49.3m499.9m796.2m805.4m
Annual
SEKFY, 2017FY, 2018FY, 2019

Depreciation and Amortization

200.6m154.7m299.3m

Accounts Payable

2.7b6.1b(2.3b)

Cash From Operating Activities

(2.6b)893.2m(2.4b)

Purchases of PP&E

(32.8m)(53.5m)(186.3m)
Quarterly
SEKQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Depreciation and Amortization

82.4m143.4m

Accounts Payable

2.1b635.9m

Cash From Operating Activities

(211.0m)(934.8m)(1.5b)1.1b1.0b781.6m961.1m(629.5m)305.7m

Purchases of PP&E

(7.6m)(56.2m)
SEKY, 2019

EV/EBIT

-9.5 x

EV/CFO

-4.3 x

EV/FCF

-3.9 x

Debt/Equity

0.9 x

Debt/Assets

0.1 x

Financial Leverage

7.5 x
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Klarna Operating Metrics

Klarna's Daily Transactions was reported to be 1 m in Apr, 2020. Klarna's Users was reported to be 85 m in Apr, 2020.
Feb, 2017Jun, 2017Jul, 2017Aug, 2019Mar, 2020Apr, 2020

Countries

18 17 17

Daily Transactions

400 k1 m1 m1 m

Merchants

65 k70 k70 k130 k205 k205 k

Users

45 m60 m60 m85 m85 m
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Klarna Acquisitions / Subsidiaries

Company NameDateDeal Size
MoneymourFebruary 13, 2020
Spring MarketplaceJanuary 13, 2020
Close Brothers Retail FinanceSeptember 14, 2018
ShopCo TechnologiesMay 18, 2018
BillPayFebruary 13, 2017£60 m
Cookies AppNovember 22, 2016
Sofort AGMarch 07, 2013
AnalyzdMay 04, 2011
Analyzd Technologies Ltd., Cyprus
Billpay GmbH
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Klarna Revenue Breakdown

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Klarna revenue breakdown by business segment: 64.8% from Commission Income, 34.6% from Interest Income and 0.6% from Other

Klarna revenue breakdown by geographic segment: 33.7% from Germany, 28.1% from Sweden and 38.2% from Other

Human Capital Metrics

Klarna's employees are reported to be approximately 36% female and 64% male.
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Klarna Online and Social Media Presence

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Klarna Company Culture

  • Overall Culture

    B+

    77/100

  • CEO Rating

    A+

    80/100

  • Compensation

    A

    82/100

Learn more on Comparably

Klarna News and Updates

pinned

Lack of Lucrative Stock Options Causes Exits at Swedish Startup

Lack of Lucrative Stock Options Causes Exits at Swedish StartupA lack of lucrative stock options at Klarna AB, one of Europe’s few technology unicorns, is causing a raft of senior exits, highlighting the tech industry’s growing dismay with Swedish tax rules.

Ingrid raises over €1.1 million: “What Klarna has done for payments, we want to do for deliveries”

Stockholm-founded “delivery experience platform” for online merchants Ingrid has raised 12.25 million SEK (some €1.16 million) from the local early-stage VC Blq invest. The startup claims to handle 10 percent of the e-commerce market in Sweden and is planning to use the capital injection to expand t…

Wirecard to embed Klarna products into merchant checkouts

Wirecard, the global innovation leader for digital financial technology, and Klarna, a leading globa...

Ant Financial Takes Stake in Swedish Payments Firm Klarna

Ant Financial Takes Stake in Swedish Payments Firm Klarna

Alipay owner Ant Financial takes minority stake in Klarna

Some big moves in the payments platform space: Ant Financial Group, the owner of China’s Alipay payment platform has announced it’s taking a minority stake in Swedish payments platform Klarna — which has a strong European presence and a flagship product that lets shoppers buy now and pay later in in…

China's Ant Financial buys small stake in Swedish fintech partner Klarna

Klarna, Europe's most valuable fintech company, said on Wednesday that China's Ant Financial Services Group had taken a small stake in it as the two strengthen their online shopping partnership.
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Klarna Frequently Asked Questions

  • When was Klarna founded?

    Klarna was founded in 2005.

  • Who are Klarna key executives?

    Klarna's key executives are Sebastian Siemiatkowski, Jon Kamaluddin and Knut Frangsmyr.

  • How many employees does Klarna have?

    Klarna has 2,500 employees.

  • What is Klarna revenue?

    Latest Klarna annual revenue is kr7.2 b.

  • What is Klarna revenue per employee?

    Latest Klarna revenue per employee is kr2.9 m.

  • Who are Klarna competitors?

    Competitors of Klarna include Stripe, WePay and Skrill.

  • Where is Klarna headquarters?

    Klarna headquarters is located at Sveavägen 46, Stockholm.

  • Where are Klarna offices?

    Klarna has offices in Stockholm, Columbus, New York, Los Angeles and in 6 other locations.

  • How many offices does Klarna have?

    Klarna has 10 offices.