Klarna is quietly turning into a fintech big. Following its latest founding round, the corporate is now valued at $5.5 billion. That’s why I’m excited to announce that Klarna co-founder and CEO Sebastian Siemiatkowski will be a part of us at TechCrunch Disrupt Berlin.
Should you reside in Europe and often buy stuff on-line, chances are high you’ve used Klarna already. The corporate gives a easy strategy to pay for e-commerce purchases over a number of installments.
And it’s been massively profitable in Europe. You could possibly assume as Klarna as a type of credit score card-alternative cost technique. Even when you don’t have a bank card, you’ll be able to select to buy one thing proper now, pay after 30 days or pay over three or four installments with none curiosity.
This manner, costly funds develop into barely simpler for patrons. And if there’s an issue together with your buy, Klarna ensures that you simply don’t should pay or get your a refund — your cash by no means left your checking account within the first place.
Identical to utilizing a PayPal account, when you pay on one other website that makes use of Klarna, you don’t should enter your cost info once more. Retailers that leverage Klarna will get paid immediately after a purchase order, even when shoppers select to pay later.
Klarna can be constructing a market of shops. You’ll be able to obtain the cell app and seek for merchandise throughout a number of shops. This might develop into a terrific different to e-commerce giants like Amazon.
Up subsequent, Klarna needs to develop its presence within the U.S. Whereas it already has tens of millions of shoppers and 1000’s of retailers, the corporate thinks there’s nonetheless a ton of potential within the U.S.
If you wish to know the way a Swedish startup plans to disrupt the bank card business within the U.S., buy your ticket to Disrupt Berlin to hearken to this dialogue — and plenty of others. The convention will happen December 11-12.
Along with panels and hearth chats, like this one, new startups will take part within the Startup Battlefield to compete for the extremely coveted Battlefield Cup.
In 2005, Sebastian Siemiatkowski co-founded Klarna so as to present protected and clean on-line funds. He presently serves as its Chief Government Officer. Over the previous decade, he has overseen the corporate’s fast development throughout Europe and extra just lately into North America. Klarna is a now absolutely licensed financial institution with 60mn shopper and 170,000 service provider person base.
Sebastian has obtained a number of awards for his management, together with runner up within the 2015 world EY Entrepreneur of the 12 months award, Chief of the 12 months by Adecco, and European Entrepreneur of the 12 months Award by TechTour. He holds a grasp’s diploma from the Stockholm College of Economics.