Swedish payments firm Klarna valued at $2.25 billion in secondary deal
As it gears up to make a big push into the United States, Stockholm-based payments firm Klarna has been valued at $2.25 billion in a secondary transaction that has ‘company insiders’ selling $80 million worth of stock to VC firm Northzone, mutual fund Wellington Management and foundation Wellcome Trust. The news was reported this afternoon by Dow Jones VentureWire (via Breakit).
Klarna was valued at approximately $1.4 billion when it raised around $100 million from existing investors in a round last year, which means the secondary deal has driven up the valuation of the company by more than 60 percent in a year. In 2014, Klarna booked approximately $300 million in sales from roughly $7.8 billion in transactions.
VentureWire reports that Klarna is now readying the launch of its digital checkout service with ‘at least 10 merchants’ in the US in the coming months. In Europe, the company has about 55,000 merchants using its service today. Klarna recently hired former American Express exec Michael Rouse as its chief commercial officer to ‘reflect its global ambitions’.
Klarna’s investors include Sequoia Capital, General Atlantic, Atomico and Institutional Ventures Partners.