Reports say Swedish payment service provider Klarna has agreed to take on the team behind the bankrupt Berlin fintech startup Cookies
The Cookies app, founded by former N26 employees Garry Krugljakow and Lamine Cheloufi, aimed to simplify mobile money transfers. Due to lack of funding, the company filed for bankruptcy earlier this month.
While the terms of the acquisition by Klarna were not disclosed, Swedish media reports that the sum is likely low. The Cookies team will work on new projects at Klarna, it is understood.
Contributed | what does this mean?