Numis acts as exclusive adviser to Klarna, the largest Fintech company in Europe, on its $460m private growth round.
Klarna is a leading global disruptor of payments and banking, fully licensed bank and provider of smoooth retail services. The Company was co-founded in 2005 in Stockholm by CEO, Sebastian Siemiatkowski, with the aim of disrupting the multi-trillion dollar global consumer payments and retail banking market. Klarna allows consumers to pay when and how they want in a smoooth one-click purchase via their three key payment solutions:
Pay Now: Pay by card directly at checkout, no lengthy forms, no passwords
Pay Later: Either get up to 14 or 30 days to pay for a purchase or split the payment into three (or four in certain markets) equal, interest free payments
Slice it: Slice the cost of bigger purchases into monthly payments, from 6 to 36 months (interest charges apply)
Currently, Klarna provides payment solutions to 60 million consumers, welcoming 26 million new consumers during 2018. Klarna works with 130,000 merchants across 14 countries with retail partners including H&M, Adidas, IKEA, Expedia, Sephora, ASOS, Topshop, Ticketmaster, Zara, Nike, Sonos, H&M and Lufthansa. In 2018, Klarna successfully launched several new products such as a direct to consumer shopping app, the Klarna card and an enhanced in-store offering.
Outside of developing payments solutions and a superior, end-to-end shopping experience, Klarna plans to broaden its product offering for both consumers and merchants to include neo-banking and platform solutions. In 2018, transaction volumes of SEK 252bn generating SEK 5.7bn net revenue and EBT of SEK 0.2bn. Net revenues grew at an annualised rate of 29% between 2015 and 2018. The Company currently employees 2,500 people and is backed by investors such as Sequoia Capital, Bestseller Group, Permira, Visa and Atomico.