Klarna IPO

Klarna Bank AB (“Klarna”) was founded in 2005 by Sebastian Siemiatkowski, Victor Jacobsson, and Niklas Adalberth. In an interview during TechCrunch Berlin in December 2019, CEO Sebastian Siemiatkowski, without commenting on timing, noted that “an IPO would most likely be happening in the US because there is a bigger understanding of technology companies like us…” These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.

Klarna is a Sweden-based fintech company that provides payments solutions primarily for stores, handling customer payments. The company has raised over $1 billion in Venture Capital funding from investors including BlackRock, Dragoneer Investment Group, L Capital, Permira, FJ Labs, Walerud Ventures, Northzone Ventures, IVP, Atomico, and Sequoia Capital. It has been widely reported that Klarna last raised $460 million in August 2019 at a post-money valuation of $5.5 billion.