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,…
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