Klarna • $2.2 billion


Swedes Jacobsson and Siemiatkow­ski cofounded Stockholm-based Klarna in 2005, pioneering the buy-now, pay-later fintech model that lets consumers easily use small installmen­t loans, instead of credit cards, to finance purchases. The pandemic pushed privately held Klarna to a $31 billion valuation in March, tripling its value from six months prior. CEO Siemiatkow­ski owns an 8% stake; cofounder Jacobsson owns 10%, although he’s no longer involved.

Newspapers in English

Newspapers from USA