Klarna, a joint Israeli-Swedish start-up company active in the e-trading arena, raised $155 Million in financing. Klarna competes with PayPal and other online payment systems. Its USP is that it allows customers to pay for products only after having received the goods.
The round was led by investment fund DST, the Sequoia VC fund and General Atlantic This investment round aimed to advance Klarna – which has thus far raised a total of €8.6 million (about $11.5 million) – to a leading position on the global online payments market by expanding its operations in Europe.
For more on the deal please click here to read the YNET article.