Klarna Bank AB - Company Profile
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Klarna Bank AB (Klarna), a subsidiary of Klarna Holding AB, is a global payments and shopping service provider. The bank's primary activities involve offering flexible shopping and purchase experiences, with a focus on making online payments simple and secure. Klarna's key services include direct payments, pay-after-delivery options, and installment plans, all integrated into a one-click purchase experience. The bank is associated with the brand SOFORT, which became part of the Klarna Group following an acquisition. The services enable merchants to enhance their customer reach and retention through cross-selling and by offering personalized services to their customers. The bank has operations in Austria, Belgium, Denmark, Finland, the Netherlands, Norway, Switzerland, the UK and the US. Klarna is headquartered in Stockholm, Sweden.
Headquarters
Sweden
Address
Sveavagen 46, Stockholm, 11134
Website
www.klarna.com
Telephone
46 8 12012000
No of Employees
4,972
Industry
Financial Services
Revenue (2023)
$2.2B
Klarna Bank AB premium industry data and analytics
Products and Services
| Services |
|---|
| Buy Now Pay Later |
| Shopping Services |
| Payment Services |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Plans/Strategy | In April, the company announced its plans to sell Hero to Bambuser. |
| 2024 | Acquisitions/Mergers/Takeovers | In April, Bambuser Acquires the Tech Solution HERO from Klarna. |
| 2024 | Others | In April, the bank announces the expansion of its partnership with Expedia Group. |
Competitor Comparison
| Key Parameters | Klarna Bank AB | Adyen NV | Braintree | Currence Holding BV | DIBS Payment Services AB |
|---|---|---|---|---|---|
| Headquarters | Sweden | Netherlands | United States of America | Netherlands | Sweden |
| City | Stockholm | Amsterdam | Chicago | Amsterdam | Stockholm City |
| State/Province | Stockholm | Noord-Holland | Illinois | Noord-Holland | Stockholm |
| No. of Employees | 4,972 | 4,196 | 500 | - | - |
| Entity Type | Private | Public | Private | Private | Private |
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Michael Moritz | Chairman | Executive Board | 2020 | 70 |
| Sebastian Siemiatkowski | Chief Executive Officer; Director | Executive Board | 2010 | 43 |
| Lise Kaae | Director | Non Executive Board | 2020 | 55 |
| Sarah Smith | Director | Non Executive Board | 2020 | 65 |
| Mikael Walther | Director | Non Executive Board | 2016 | 43 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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