Klarna is an e-commerce company, which provides payment solutions for online platforms, serving e-stores, merchants and shoppers. It streamlines one solution for all payments, and allows buyers to pay for ordered goods after receiving them, providing them with a safe after delivery payment solution. The Company offers traffic acquisition, upstream marketing, payment processing, dispute resolutions, and cross selling services.
TypePrivate
HQStockholm, SE
Founded2005
Size (employees)1,888 (est)+6%
Websiteklarna.com
Klarna was founded in 2005 and is headquartered in Stockholm, SE
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Key People/Management at Klarna

Sebastian Siemiatkowski

Sebastian Siemiatkowski

Founder and CEO
Knut Frangsmyr

Knut Frangsmyr

COO, Deputy CEO
David Sandstrom

David Sandstrom

Chief Marketing Officer
Michael Rouse

Michael Rouse

Chief Commercial Officer
Jon Kamaluddin

Jon Kamaluddin

Chairman
Michael Moritz

Michael Moritz

Board Member
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Klarna Office Locations

Klarna has offices in Stockholm, Vienna, Helsinki, Oslo and in 4 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
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Klarna Financials and Metrics

Summary Metrics

Klarna's latest funding round in October 2018 was reported to be $20 m. In total, Klarna has raised $681.7 m. Klarna's latest valuation is reported to be $2.5 b.
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Klarna Revenue

Klarna's revenue was reported to be kr4.53 b in FY, 2017 which is a 27.1% increase from the previous period.
SEK

Revenue (FY, 2017)

4.5b

Revenue growth (FY, 2016 - FY, 2017), %

27.1%

Net income (FY, 2017)

345.6m

EBIT (FY, 2017)

524.0m

Market valuation

2.5b

Cash (31-Dec-2017)

36.0k

EV

2.9b
SEKFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

1.6b2.2b2.8b3.6b4.5b

Revenue growth, %

39%27%28%27%

Sales and marketing expense

252.5m343.9m

General and administrative expense

341.0m408.0m2.6b2.9b
SEKFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

40.0k36.0k

Prepaid Expenses

72.5m45.6m

PP&E

54.8m61.8m

Goodwill

1.2b1.8b
SEKFY, 2016FY, 2017

Net Income

168.3m524.0m

Depreciation and Amortization

112.6m200.6m

Cash From Operating Activities

531.6m(2.6b)

Purchases of PP&E

(24.8m)(32.8m)
SEKY, 2017

EV/EBIT

5.5 x

EV/CFO

-1.1 x

Revenue/Employee

3.5m

Debt/Equity

0.1 x

Financial Leverage

4.7 x
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Klarna Operating Metrics

Klarna's Users was reported to be 60 m in Jul, 2017. Klarna's Daily Transactions was reported to be 400 k in Feb, 2017.
Feb, 2017Jun, 2017Jul, 2017

Countries

18

Daily Transactions

400 k

Merchants

65 k70 k70 k

Users

45 m60 m60 m
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Klarna Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Close Brothers Retail FinanceSeptember 14, 2018
BillPayFebruary 13, 2017£60 m

Klarna Revenue Breakdown

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Klarna revenue breakdown by business segment: 35.2% from Interest Income, 64.6% from Commission Income and 0.2% from Other

Klarna revenue breakdown by geographic segment: 60.3% from Nordics, 35.4% from DACH and 4.3% from Other

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Klarna Online and Social Media Presence

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Klarna News and Updates

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.

Klarna lands $20 million investment from H&M

Fashion chain H&M has invested $20 million in Swedish checkout credit outfit Klarna.

OXID Integrates Klarna as Core Payment Solution

STOCKHOLM, Sept. 27, 2018 /PRNewswire/ -- Klarna, one of Europe's leading payment providers, and OXID eSales, one of the leading providers of e-commerce solutions and services, announced today that they will partner to enable more than 12,000 merchants to seamlessly integrate Klarna's...

MYBESTBRANDS Launches Universal Checkout in Collaboration With Payment Provider Klarna

MUNICH, Sept. 25, 2018 /PRNewswire/ -- Quick and easy one-click payments Secure transactions with innovative bot technology Best in class customer experience with the flexibility of payment by instalment or invoice with Klarna Klarna, one of Europe's leading payment providers, and...

Klarna to acquire consumer financing arm of Close Brothers

Fintech unicorn Klarna is buying the retail financing arm of merchant bank Close Brothers to strengt...

Payments Landscape in Austria Market by Key Players - Raiffeisen Bank, Erste Bank, BAWAG P.S.K, and UniCredit Bank Analysis & Forecast 2017 to 2021

WiseGuyReports.com with their unique quality of simplifying the market research study, presents a deep diving study report “Payments Landscape in Austria: Opportunities and Risks to 2021” Posted via Industry Today. Follow us on Twitter @IndustryToday
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Klarna Company Life and Culture

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