Business
Klarna raises another $US1b to take on Afterpay – The Australian Financial Review
The CBA-backed Swedish player is now valued at $31 billion, delivering more than a $1 billion windfall to CBA.
Afterpay and Klarna are both investing in building apps that include payments, other financial services and shopping features. But Klarna, like Quadpay, is making a play for ubiquity by allowing the buy now, pay later features to be used at any retailer not just ones that have been integrated, like Afterpay requires by issuing virtual payment cards directly into the smartphone.
Klarnas shareholders include Commonwealth Bank, Ant Group, Visa, Sequoia Capital, Permira, Dragoneer, Bestseller Group,…
-
General24 hours agoAustralia warned of assassination attempts by regimes
-
General23 hours agoQueensland medical professionals to take industrial action as negotiations with state government stall
-
Noosa News23 hours agoNew park locations revealed as Melbourne Cup delays council meeting
-
General23 hours agoUK treasury chief prepares ground for tax-hiking budget