March 7, 2014 08:06 UTC

Klarna Completes SOFORT Acquisition

STOCKHOLM--(BUSINESS WIRE)-- Klarna today announces the completion of the SOFORT acquisition as all conditions precedent for the closing have been fulfilled. The two companies will together form Klarna Group and become Europe’s leading alternative online payments provider.

· Klarna Group’s services are used by over 25 million consumers and 45 000 online retailers across 14 European countries.

· Klarna Group has processed over 140 million transactions.

· Klarna Group can offer online merchants the payment alternatives most preferred by European consumers.

“We are excited to complete this acquisition and look forward to working together with SOFORT’s talented team. The Klarna Group will shape the future of online and mobile payments. Together we can accelerate growth and continue our journey toward being the world’s favorite way to buy”, said Sebastian Siemiatkowski, co-founder and CEO of Klarna.

About Klarna

Klarna was founded in Stockholm in 2005 with the idea of simplifying buying. Today, we are one of Europe’s fastest growing companies. In 2014 we joined forces with SOFORT and formed Klarna Group, the leading European alternative payment provider.

Klarna Group has more than 1000 employees and is active on 14 markets. We serve 25 million consumers and work with 45 000 merchants. Our goal is to become the world’s favorite way to buy.

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Contacts

Klarna
Erik Engellau-Nilsson
VP Communications
Tel.: +46 70 002 90 91
erik.engellau-nilsson@klarna.com


Source: Klarna