Swedish online payments provider Klarna acquires competitor Sofort

Fri 20 Dec 2013

Swedish online payments provider Klarna is preparing to buy its German rival Sofort for $150 million. The combined companies will continue to offer their services in 14 European markets. Founded in 2005 in Stockholm, Klarna allows users to make purchases online and pay for them later. Recently the company has received $250 million funding from Sequoia Capital and DST.