| Founded | 2005 |
|---|---|
| Country | Sweden |
| Sector | Fintech |
| Total raised | ~$4.5B |
| Collapse type | Slow Death |
| Founder | Sebastian Siemiatkowski |
Klarna
"Europe's most valuable startup lost 85% of its valuation in 13 months as interest rates ended the BNPL party"
Years-long decline before final shutdown
Key Events Timeline
Klarna was founded in 2005 in Stockholm by Sebastian Siemiatkowski, Niklas Adalberth, and Victor Jacobsson to offer smooth buy-now-pay-later checkout for online retailers.
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