The payment and shopping app developer has launched in Australia with the help of Commonwealth Bank of Australia, which raised its stake to 5.5%.
Financial services firm Commonwealth Bank of Australia (CBA) has invested $200m in Sweden-based digital payment technology provider Klarna, Reuters reported yesterday.
The investment follows a $100m contribution by Commonwealth to the $460m funding round closed by the company in August 2019. It increased the bank’s stake in Klarna to 5.5% according to Reuters.
Formerly known as Kreditor, Klarna provides a range of payment services including in-store payment technology, instalment payment options for consumers and an app that shoppers will…
