INSUBCONTINENT EXCLUSIVE:
Klarna is quietly becoming a fintech giant
Following its latest founding round, the company is now valued at $5.5 billion
That’s why I’m excited to announce that Klarna co-founder and CEO Sebastian Siemiatkowski will join us at TechCrunch Disrupt Berlin.If
you live in Europe and regularly purchase stuff online, chances are you’ve used Klarna already
The company offers a simple way to pay for e-commerce purchases over multiple installments.And it’s been massively successful in Europe
You could think as Klarna as a sort of credit card-alternative payment method
Even if you don’t have a credit card, you can choose to purchase something right now, pay after 30 days or pay over 3 or 4 installments
without any interest.This way, expensive payments become slightly easier for customers
And if there’s a problem with your purchase, Klarna ensures that you don’t have to pay or get your money back — your money never left
your bank account in the first place.Just like using a PayPal account, if you pay on another site that uses Klarna, you don’t have to
enter your payment information again
Merchants that leverage Klarna gets paid instantly after a purchase, even if clients choose to pay later.Klarna is also building a
You can download the mobile app and search for products across multiple stores
This could become a great alternative to e-commerce giants like Amazon.Up next, Klarna wants to grow its presence in the U.S
While it already has millions of customers and thousands of merchants, the company thinks there’s still a ton of potential in the U.S.If
you want to know how a Swedish startup plans to disrupt the credit card industry in the U.S., buy your ticket to Disrupt Berlin to listen to
this discussion — and many others
The conference will take place December 11-12.In addition to panels and fireside chats, like this one, new startups will participate in the
Startup Battlefield to compete for the highly coveted Battlefield Cup.In 2005, Sebastian Siemiatkowski co-founded Klarna in order to provide
safe and smooth online payments
He currently serves as its Chief Executive Officer
Over the past decade, he has overseen the company’s rapid growth across Europe and more recently into North America
Klarna is a now fully licensed bank with 60mn consumer and 170,000 merchant user base
Sebastian has received multiple awards for his leadership, including runner up in the 2015 global EY Entrepreneur of the Year award, Leader
of the Year by Adecco, and European Entrepreneur of the Year Award by TechTour
He holds a master’s degree from the Stockholm School of Economics.
