Swedish Online Payment Co. Klarna Nets $155M Buy-In

Law360, New York (December 9, 2011, 1:45 PM EST) -- Klarna AB, a Swedish company that allows online buyers to receive items before they pay, netted $155 million in financing from investors, including Internet sector funders DST Global and General Atlantic LLC, to expand into more European countries, the firm said Friday.

Klarna will also use the money to hire staff and try to increase business in existing markets, including Sweden, Denmark, Norway, Germany and the Netherlands, the firm said in a statement.

Klarna, founded in 2005 and funded with seed money by investor Sequoia Capital, allows customers...
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