NEW YORK, Sept. 15, 2020 /PRNewswire/ -- Klarna, the leading global payments and shopping service, is pleased to announce it has raised $650 million in an equity funding round, at a … Klarna was founded in 2005 in Stockholm, Sweden by Sebastian Siemiatkowski, Niklas Adalberth, and Victor Jacobsson. We're excited to continue to be a part of Klarna's development into a global payment market leader across the globe. Select that button to quickly apply for financing. We have been tracking Klarna's continued execution for some time and are delighted to be able to partner with Sebastian and the entire Klarna team to help support their journey as they continue to serve a very large and rapidly growing global ecommerce market. Silver Lake is a global technology investment firm, with more than $60 billion in combined assets under management and committed capital and a team of approximately 100 investment and operating professionals located in Menlo Park, New York, London, Hong Kong, Cupertino and San Francisco. Apply for monthly financing during checkout. Silver Lake's portfolio of investments collectively generates more than $180 billion of revenue annually and employs 295,000 people globally. Their "buy now, pay later" offering resonates with current customer needs and provides the best offering in a shopping experience. Monthly financing is available when you choose to open an account with Klarna at the time of checkout. Your purchase and information are safe and secure. Merian Chrysalis Investment Company Limited ("Merian Chrysalis") is a Guernsey-domiciled investment company traded on the London Stock Exchange. They will join current investors such as Sequoia Capital, Dragoneer, Permira, Commonwealth Bank of Australia, Bestseller Group and Ant Group in supporting Klarna's future growth. In the app, consumers can also now wishlist their favourite items, access unique discounts, set up price-drop notifications and track spending and deliveries intelligently. This is at a time when consumers are actively turning away from revolving credit lines and inferior retail experiences towards services that better meet their needs. The investment adviser has proven experience in the crossover investing space and its funds have made investments in, amongst others, TransferWise, The Hut Group, Starling Bank, Graphcore, and Klarna. If approved, you will be presented with tailored financing plan details for as low as 0% APR*. The app has more than 12 million monthly active users worldwide, with 55,000 daily downloads, significantly outpacing its nearest competitor with almost 3x as many downloads over the last year. Since its inception, TCV has invested over $13 billion in leading technology companies, including more than $2 billion in fintech, and has helped guide CEOs through more than 120 IPOs and strategic acquisitions. ", Hans Otterling, Partner, Northzone: "With more than 200,000 retail partners and millions of monthly active users globally, Klarna leadership has proven that they are absolutely world-class in developing a global payment platform that reshaped the future of e-commerce and shopping. Klarna's payments solutions offer a very compelling value proposition to both merchants and consumers as shown by its remarkable customer stickiness and impressive growth. For more information about TCV, including a complete list of TCV investments, visit https://www.tcv.com/, About Merian Chrysalis Investment Company Limited. Enjoy the opportunity to shop at electronics stores online and pay later. GIC is a leading global investment firm established in 1981 to manage Singapore's foreign reserves. Copyright © 2005-2021 Klarna Inc. NMLS #1353190, 629 N. High Street, Third Floor, Columbus, OH 43215. With its base in Stockholm, Bonnier owns and operates a variety of businesses such as book publishing, media, e-commerce and real estate, as well as activates in venture capital investments. The uniqueness of Klarna's offer - providing a healthier, simpler and smarter alternative to credit cards and a broad range of services to enable a superior shopping journey - continues to drive rapid consumer adoption and loyalty with more than 90 million consumers worldwide. GIC has investments in over 40 countries. TCV is headquartered in Menlo Park, California, with offices in New York and London. Now, shoppers can use the app to pay off their purchase in four installments for no interest, delay payment on purchases for 30 days or apply for six to 36-month financing plans with competitive interest rates. We are excited to invest in the company and partner with Sebastian and his talented team at this dynamic time to help accelerate Klarna's remarkable growth and success worldwide. Need to buy an online product immediately but don’t have money saved.