25 July 2017
visit www.avoka.com

Klarna wins equity investment from Brightfolk

08 June 2017  |  1799 views  |  0 Source: Klarna

Klarna AB (publ) is pleased to announce that Brightfolk A/S, a company held by Anders Holch Povlsen, will acquire a strategic equity stake in the company.

Anders Holch Povlsen is the owner of BESTSELLER which is one of Europe’s leading fashion companies, with brands such as JACK & JONES, VERO MODA, ONLY and SELECTED. Beside this, Anders Holch Povlsen has significant holdings in e-commerce fashion sites, e.g. ASOS and Zalando.

Anders Holch Povlsen will, upon receipt of approval from the Swedish Financial Supervisory Authority (Finansinspektionen), acquire shares from existing shareholders General Atlantic, DST Global and Niklas Adalberth, all of whom will continue to retain a stake in Klarna. Anders Holch Povlsen and Brightfolk A/S will become a qualified owner of the company.

"As Klarna continues its path towards a smoother shopping experience, few people could be a better fit than Anders Holch Povlsen. Klarna has successfully been partnering with BESTSELLER for a number of years. This has given him a firsthand insight into the strengths of our offerings and therefore a unique ability to strategically support the future development of the company. I am delighted to welcome such a strong partner into Klarna.” Sebastian Siemiatkowski, co-founder and CEO of Klarna.

This investment comes as Klarna has continued to record strong transaction volume growth in the first months of this year. This is building on the 50% increase in transaction volumes in 2016, in part driven by 17,000 new merchants across markets. Also, 12 million consumers tried Klarna’s products for the first time in 2016.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.abe-eba.euvisit vasco.com/news/PSD2-compliant-solutionsvisit www.worldpaymentsreport.com

Top topics

Most viewed Most shared
UK judge blocks £14bn class action suit against MastercardUK judge blocks £14bn class action su...
9999 views comments | 7 tweets | 6 linkedin
PayPal strikes deals with Chase and CitiPayPal strikes deals with Chase and Citi
9638 views comments | 10 tweets | 6 linkedin
Mastercard and Scotiabank join Enterprise Ethereum AllianceMastercard and Scotiabank join Enterprise...
9412 views comments | 25 tweets | 16 linkedin
Machines could take over 30% of bank jobs: McKinseyMachines could take over 30% of bank jobs:...
8928 views comments | 28 tweets | 27 linkedin
Yet more deals announced in payments sectorYet more deals announced in payments secto...
8868 views comments | 7 tweets | 21 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job