Posts filtered by tags: Klarna[x]


Helping big banks out-Affirm Affirm and out-Chime Chime, gives Amount a $681 million valuation

Amount, a new service that helps traditional banks compete in a digital world, has raised $81 million from none other than Goldman Sachs as it looks to help legacy fintech players compete with their more nimble digital counterparts. The company, which spun out from the startup lending company Avant Credit in January of this year, has already inked deals with Banco P opular, HSBC, Regions Bank and TD Bank to power their digital banking services and offer products like point-of-sale lendin...
Tags: TC, Money, Finance, Tech, Economy, Hsbc, Bank, Goldman Sachs, Vice President, Financial Services, Goldman, Affirm, Advisor, Klarna, Challenger Banks, Hughes

U.S. shopping app downloads on Black Friday reached a record 2.8M installs

Many U.S. consumers spent this year’s Black Friday sales event shopping from home on mobile devices. That led to first-time installs of mobile shopping apps in the U.S. to break a new record for single-day installs on Black Friday 2020, according . The firm estimates that U.S. consumers downloaded approximately 2.8 million shopping apps on November 27th — a figure that’s up by nearly 8% over last year. However, this number doesn’t necessarily represent faster growth than in 2019, which also saw...
Tags: Travel, Google, Amazon, Cyber Monday, Black Friday, Google Play, Mobile, Ecommerce, Apps, Business, Shopping, Marketing, Nike, Walmart, E-commerce, Online Shopping

US shopping app downloads on Black Friday reached a record 2.8M installs

Many U.S. consumers spent this year’s Black Friday sales event shopping from home on mobile devices. That led to first-time installs of mobile shopping apps in the U.S. to break a new record for single-day installs on Black Friday 2020, according . The firm estimates that U.S. consumers downloaded approximately 2.8 million shopping apps on November 27th — a figure that’s up by nearly 8% over last year. However, this number doesn’t necessarily represent faster growth than in 2019, which also saw...
Tags: Google, Amazon, Cyber Monday, Black Friday, Google Play, Mobile, Ecommerce, Apps, Business, Shopping, Marketing, US, Tech, Nike, Walmart, E-commerce

7 things we just learned about Sequoia’s European expansion plans

Sequoia Capital, the renowned Silicon Valley venture capital firm that has backed companies like Apple, Google, Dropbox, Airbnb and Stripe, recently disclosed that it had opened its first office in Europe. To staff up, it hired partner Luciana Lixandru away from rival Accel Partners. Even without an official European presence, Sequoia has quietly operated in the region for more than a decade, first investing in Klarna in 2010. Other Europe-founded companies in its portfolio include Baaima,...
Tags: Startups, TC, Europe, London, California, Entrepreneurship, San Francisco, Tech, Canada, Paris, Venture Capital, Romania, Silicon Valley, Bristol, Sequoia Capital, Stripe

How the pandemic drove the IPO wave we see today

This is The TechCrunch Exchange, a newsletter that goes out on Saturdays, based on the column of the same name. You can sign up for the email here. I had a neat look into the world of mental health startup fundraising planned for this week, but after being slow-motion carpet-bombed by S-1s, that is now shoved off to Monday and we have to pause and talk about COVID-19. The pandemic has been the most animating force for startups and venture capital in 2020, discounting the slow movement of glob...
Tags: Google, Fundings & Exits, Startups, Ipo, Virginia, United States, Bird, Airbnb, Exchange, Sapphire Ventures, Byron Deeter, Doordash, Bessemer, Klarna, SPAC, Peloton

LA-based Credit Key raises $33 million for its business-to-business payments platform

Bringing the buy-now pay-later model that transformed companies like Klarna and Affirm into billion dollar businesses to small businesses across the U.S. has netted the payment and lending company Credit Key another $33.85 million in funding. The Los Angeles-based company raised its latest cash from Greycroft, Bonfire Ventures, and other, undisclosed, investors, the company said. “B2B e-commerce continues to expand at an incredible pace, but a great majority of merchants still lack the...
Tags: TC, La, US, Los Angeles, Tech, Klarna, Tomich, Credit Key, Greycroft Bonfire Ventures Loeb, John Tomich

Affirm revealed its IPO paperwork. Here's a look inside the buy now, pay later frenzy, the new twist on financing that is a must have for everyone.

Klarna markets itself as a 'smoooth shopping' experience. Thomas Concordia/Getty Images Point-of-sale financing isn't new, but it's gotten renewed attention as a wave of startups like Affirm, Afterpay, and Klarna acquired millions of new users during the coronavirus pandemic. On Wednesday, Affim published its S-1, the paper detailing its planned initial public offering.  These fintechs offer consumers the ability to buy now, pay later, both online and in-store. And now, incumbents ...
Tags: Apple, Google, Amazon, Japan, UK, Etsy, Australia, France, Finance, China, US, Trends, Paypal, David, Canada, Tencent

Sales CRM Pipedrive takes majority investment from Vista Equity Partners to reach unicorn status

Pipedrive, the sales CRM tool for small and medium-sized businesses, is the latest European company to reach unicorn status. Founded in Estonia and now headquartered in New York, the company has taken a majority investment from U.S. enterprise software focused private equity firm Vista Equity Partners. This means that Vista has effectively acquired Pipedrive, in the sense that the PE firm now has a majority stake. Multiple sources with knowledge of the deal tell TechCrunch the transaction val...
Tags: Fundings & Exits, Startups, TC, Europe, New York, Microsoft, Tech, Vista, Estonia, Salesforce, Skype, Niklas Zennstrom, Klarna, Vista Equity Partners, Ingrid Lunden, Pipedrive

Funded by Connect Ventures, Purple Dot plans to take on Klarna-style purchase debt

In recent times startups have appeared offering credit at an e-commerce basket checkout so that a customer can buy a product without needing to pay right away. Klarna or Clearpay are the two most notable in this field. But what if you flipped the model around so that consumers could buy the item at a lower price later on, and the retailer could reduce waste? This is the model of Purple Dot, which bills itself as a “worth-the-wait” payment option for fashion brands. It’s now raised a seed roun...
Tags: Startups, TC, Europe, Business, Tech, Economy, Online Shopping, United States, United Kingdom, TechCrunch, Connect Ventures, Cto, Skyscanner, Alex Roetter, Angellist, Klarna

In the ‘buy now, pay later’ wars, PayPal is primed for dominance

Stephen Milbank Contributor Share on Twitter Stephen Milbank is the co-founder and Head of Global Strategic Partnerships at Button, a mobile commerce technology company that is powering a commerce-driven internet. The COVID-19 pandemic has already dramatically reshaped how Americans shop, with e-commerce expected to grow 20% in 2020 as a greater proportion of users shift from in-store to online. Due to this transition to gre...
Tags: Ecommerce, Column, Tech, Paypal, Online Shopping, Mobile Payments, Payments, Online Payments, Fintech, Klarna, Financial Technology, BNPL, Stephen Milbank, Using Button 's Commerce Intelligence

Ant Group could raise as much as $34.5B in IPO in what would be world’s largest IPO

The long-anticipated IPO of Alibaba-affiliated Chinese fintech giant Ant Group could raise tens of billions of dollars in a dual-listing on both the Shanghai and Hong Kong exchanges. Shares for the company formerly known as Ant Financial are expected to price at around HK$80, or roughly 68 to 69 Chinese Yuan. The company is selling around 134 million shares in the Hong Kong portion of its debut, worth around $17.25 billion American dollars at HK$80 apiece. Given that the share sale is expected t...
Tags: Travel, Fundings & Exits, Startups, Asia, Hong Kong, New York, Finance, Ipo, United States, New York Times, Shanghai, Alibaba, Tencent, Square, Alipay, New York Stock Exchange

Goldman execs take pay cut over 1MDB

Traders work during the opening bell at the New York Stock Exchange (NYSE) on March 13, 2020 at Wall Street in New York City. Johannes Eisele/AFP/Getty Images Happy Friday!The second shoe has finally dropped for Goldman regarding its involvement in Malaysia's 1MDB fund. On Thursday, the bank reached an agreement with US authorities to pay out nearly $3 billion. This comes a few months after Goldman agreed to a $3.9 billion settlement with Malaysia. One interesting tidbit from the news. Gold...
Tags: Google, Wall Street, New York City, US, Trends, Malaysia, Deloitte, Kpmg, Salesforce, Goldman, Doj, Blackstone, Klarna, Sebastian Siemiatkowski, New York Stock Exchange NYSE, Goldman Sachs International

Nordic challenger bank Lunar raises €40M Series C, plans to enter the ‘buy now, pay later’ space

Lunar, the Nordic challenger bank that started out life as a personal finance manager app (PFM) but acquired a full banking license in 2019, has raised €40 million in Series C funding from existing investors. The injection of capital follows a €20 million Series B disclosed in April this year and comes on the back of Lunar rolling out Pro paid-for subscriptions — similar to a number of other challenger banks in Europe — personal consumer loans, and the launch of business bank accounts in August....
Tags: Fundings & Exits, Startups, TC, Europe, Sweden, Tech, Eu, Paypal, Finland, Denmark, Norway, Oslo, Klarna, Lunar, Denmark Sweden, PFM

Klarna Tempts Gamers With Free Tech Gear as Part of Its Latest Campaign

Alternative payments provider Klarna is capitalizing on the increasing interest in gaming during the pandemic with its latest campaign, "Playing for Keeps," which was unveiled today, giving gamers the chance to win what it describes as the "ultimate streaming setup." "We pride ourselves on being customer obsessed and for us, that's more than just understanding...
Tags: Advertising, Klarna, Fin Tech

Privacy watchdog to probe Klarna after email backlash

The Information Commissioner's Office has been contacted by people over how the payments firm got their details.
Tags: News, Klarna

Macy's joins Snoop Dogg and H&M as investors in Klarna and launches five-year payments partnership

Klarna CEO Sebastian Siemiatkowski David M. Benett/Getty Images for Klarna Macy's joins Silver Lake, Ant Group, and Snoop Dogg as current investors in Klarna. As part of the new five-year partnership, Macy's customers will now be able to pay for online shopping in four interest-free installments with Klarna. Klarna now has around 9 million users in the US, after its total number of customers in the country rose more than six times in the first half of 2020. Macy's did not disclose the size...
Tags: Europe, US, Trends, Jack Ma, Snoop Dogg, Klarna, Macy, Sebastian Siemiatkowski, Klarna Klarna, Grace Dean, Sebastian Siemiatkowski David M Benett Getty, Klarna Macy s joins Silver Lake Ant Group, Snoop Dogg H M BlackRock Silver Lake, Ant Group Macy, Sephora Vans The North Face

Submer is dunking servers in goo to save the planet

Digital technologies now serve as the central nervous system for the global economy, and making that nervous system work depends on networks of massive data centers that hoover up enormous amounts of power to keep businesses operating around the world. It’s not just keeping those data centers on, but keeping the rows and rows of servers that house all the data companies access in climate-controlled environment so they can operate effectively comes with a massive heating and cooling bill. As comp...
Tags: Startups, TC, Microsoft, Scotland, Un, Telefonica, Klarna, Valls, Tim Reynolds, Project Natick, Norrsken Foundation, Submer, Pol Valls, Daniel Pope, Norrsken VC, Jane Street Capital Founded

10 things in tech you need to know today

Minecraft. Microsoft/Mojang Good morning! This is the tech news you need to know this Wednesday. Sign up here to get this email in your inbox every morning.Apple unveiled a redesigned iPad Air, new Apple Watches, Fitness service, and more at its big September event. Apple device owners can tune into guided workouts from top trainers, and even view their Apple Watch metrics onscreen.Kim Kardashian said she would freeze her Facebook and Instagram accounts in protest at the 'spreading of hate'...
Tags: Apple, Google, Facebook, Europe, Kim Kardashian, Microsoft, US, Trends, Bill Gates, Minecraft, Seattle, Federal Trade Commission, Alexa, Klarna, Nordic, Reuters

Klarna lets users buy now and pay later. It's now worth over $10 billion

Klarna, the "buy now, pay later" payment service loved by Europeans, has been valued at $10.65 billion in an investment round led by US private equity firm Silver Lake.
Tags: US, Cnn, Klarna

What Shifts in Product Demand Mean for SEO

Posted by SabrinaBombergerIf you’re working in e-commerce through the COVID-19 crisis, you’ve likely noticed some wild shifts in the way your products are viewed and consumed by the public. After all, the needs of the entire world have changed in some capacity. It makes sense that purchasing habits have, too. This shift in demand might require an equal shift in your marketing strategy. As an SEO, you need to make sure that you understand the new demands on your product in the given market, and e...
Tags: Facebook, Seo, United States, Klarna, Pete, Anna Sheffield, VARI, SabrinaBomberger, Moxi Skates

Klarna raises $650 million at a $10.6 billion valuation

Fintech startup Klarna has raised a mega-round of funding led by Silver Lake. The company is raising $650 million at a post-money valuation of $10.65 billion. Klarna says it is now the highest-valued private fintech company in Europe following today’s funding round. In addition to Silver Lake, GIC (Singapore’s sovereign wealth fund) and funds and accounts managed by BlackRock and HMI Capital are also participating in today’s funding round. Merian Chrysalis, TCV, Northzone and Bonnier have bou...
Tags: Travel, Amazon, Fundings & Exits, Startups, Ecommerce, Europe, Ralph Lauren, Fintech, Silver Lake, Blackrock, Klarna, Bonnier, Silver Lake GIC Singapore, HMI Capital, U S Klarna, Amazon Walmart Uber

The 100 People Transforming Business in Europe

Courtesy of Stephanie Wright; Appear Here; Arm; Klarna; JPMorgan; Akamai; Samantha Lee/Business Insider Text. Read the original article on Business Insider [Author: [email protected] (Samantha Lee)]
Tags: Europe, Trends, Klarna, Jpmorgan, Stephanie Wright, Akamai, Samantha Lee, BI Graphics

Gen Z, Millennials and COVID Fueling Rise in Hybrid Credit Card Alternatives

It's both a payment and lending challenge — banks must match fintechs' point of sale 'buy now, pay later' service or they'll lose share. The post Gen Z, Millennials and COVID Fueling Rise in Hybrid Credit Card Alternatives appeared first on The Financial Brand.
Tags: Finance, Fintech, Affirm, POS, Mastercard, Visa, Klarna, Digital Banking Strategies, Innovation Strategies, Payments Strategies, Featured Content, Lending Strategies, Coronavirus

Evolutions in payments systems, and the structure of banking itself, have fueled transformation in finance

Gojek drivers pass on the road in Yogyakarta, Indonesia. Gojek as an app-based transportation startup. PayPal is an investor in GoPay, GoJek's fintech arm. Devi Rahman/INA Photo Agency/Universal Images Group via Getty Images Financial services are in a dynamic period of transformation, due in large part to innovations in the digital payments sector. The continued push to digital banking has accelerated change at companies like Goldman Sachs, even as structural challenges ...
Tags: Asia, London, Sweden, Ebay, China, Ipo, Digital, Trends, Paypal, Asia Pacific, Alibaba, Goldman Sachs, Goldman, PPP, Jetblue, Mastercard

The 15 richest people in the fashion industry, ranked

Delphine Arnault, Bernard Arnault, Rihanna, and Alexandre Arnault at the Fenty launch in May 2019 in Paris. Julien Hekimian/Getty Images for Fenty Business Insider has compiled a list of the richest people in the fashion industry, based on Forbes' Real Time Billionaires ranking and Bloomberg Billionaires Index. The list includes designers, founders, CEOs, and heiresses who have made their fortunes in fashion, from haute couture to fast fashion. Fashion's richest billionaires are behind lux...
Tags: Asia, Europe, Fashion, Japan, Salma Hayek, France, Life, China, Germany, US, Oklahoma City Thunder, Trends, Nike, Spain, Bloomberg, New York Times

PayPal joins the ‘buy now, pay later’ race with new ‘Pay in 4’ installment program

PayPal today introduced a new installment credit option for PayPal users called “Pay in 4.” The name itself explains what the service offers — basically, it’s the ability for customers to pay for purchases, interest-free, over four separate payments. The service is an expansion on PayPal’s existing lineup of suite of Pay Later solutions, which also includes PayPal Credit’s revolving credit line and its Easy Payments. With Pay in 4, customers can choose to pay for purchases between $30 and $60...
Tags: Tech, Paypal, Klarna, PayPal Credit, Doug Bland

Swedish 'buy now, pay later' fintech giant Klarna reports sevenfold jump in losses

Klarna CEO Sebastian Siemiatkowski. David M. Benett/Getty Images for Klarna Klarna recorded a loss of $60.6 million in the first half of 2020 — seven times higher than in the first half of 2019.Global demand for the Swedish firm's interest-free "buy now, pay later" scheme has soared over the pandemic, but its rapid international expansion has bumped up expenditure.Total sales through its platform have risen by 44% since 2019.Visit Business Insider's homepage for more stories.Klarna, the Swe...
Tags: Europe, Australia, US, Trends, Customers, Lady Gaga, Jack Ma, Snoop Dogg, Klarna, Klarna Klarna, Ant Group, Grace Dean, Sebastian Siemiatkowski David M Benett Getty

Affirm is reportedly eyeing an IPO that could value it at $10 billion. Here's how the buy now, pay later fintech became one of the breakout stars of 2020.

Affirm, a point-of-sale microlender that lets consumers make purchases with the flexibility to defer their payments over time, is eyeing an IPO with the aid of Goldman Sachs, the Wall Street Journal reported. The move could see Affirm's value soar to up to $10 billion, according to the WSJ report. The possible IPO comes as buy now, pay later has been riding a wave in 2020, buoyed by an increase in online shopping demand and consumers' caution about over-extending their budgets during the coron...
Tags: Facebook, Australia, France, Ipo, US, Trends, Walmart, Paypal, Ubs, Goldman Sachs, Max Levchin, Wall Street Journal, Jetblue, WSJ, Shopify, Expedia

TransferWise just let insiders dump $319M in company stock — and Draper Esprit cashed in big

Tech-focused venture fund Draper Esprit announced it has sold its remaining stake in UK fintech darling TransferWise for $22 million. Draper’s sales were part of a $319 million secondary deal in which TransferWise allowed insiders and early investors to cash in their stock. The deal awarded TransferWise a private valuation of $5 billion, up 43% since May 2019’s secondary sales. This ranks TransferWise as one of the UK’s top fintech startups, alongside the likes of Klarna and Revolut. TransferWis...
Tags: Startups, UK, Draper Esprit, Klarna, Draper, Kristo Käärmann, Hard Fork

TransferWise confirms new $5B valuation following $319M secondary share sale

TransferWise, the London-headquartered international money transfer service, is disclosing that it is now valued at $5 billion by private investors, confirming an earlier Sky News report. The new valuation represents an increase of 43% since May 2019, and has been triggered by a further $319 million in secondary share sales. Leading the “secondary” share round — which sees existing shareholders, including employees, permitted to sell a portion of their holdings to other new and existing investor...
Tags: TC, London, Tech, Sky News, Revolut, Klarna, Kristo Käärmann, Käärmann, D1 Capital Partners, Europe Klarna, Lone Pine Capital Vulcan Capital, Baillie Gifford Fidelity Investments