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Klarna
Klarna Bank AB, commonly referred to as Klarna, is a Swedish fintech company that provides online financial services such as payments for online storefronts and direct payments along with post-purchase payments. The company has more than 4,000 employees, most of them working at the headquarters in Stockholm and Berlin. In 2021, the company handled about US$80 billion in online sales. As of 2011, about 40% of all e-commerce sales in Sweden went through Klarna. In 2021, the company was Europe's most valuable private tech company, at a $45.6 billion valuation, however this crashed to $6.7 billion in 2022. Klarna's core service is to provide payment processing services for the e-commerce industry, managing store claims and customer payments. It has become known as a "Buy now, pay later" (BNPL) service provider, offering customers credit on their purchases as part of the checkout process. History The three founders Sebastian Siemiatkowski, Niklas Adalberth and Victor Jacobsson p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jane Walerud
Jane Christine Walerud Boreta (born 13 November 1961) is a Sweden-based entrepreneur and investor. She has been involved in over 15 startups since the early 2000s, including Klarna, Bluetail, Tobii Technology, Teclo Networks, and GraphMaTech. She is member of The Swedish Government Innovation Council. Early life Walerud was born in the US and moved to Sweden when she was 20 years old after meeting her husband, Bengt. She studied Cognitive Psychology and Computer Science at Stanford University. Jane and Bengt Walerud have a daughter, Caroline Walerud, Caroline, who is also a private investor and entrepreneur. Career Walerud worked as a Sales Manager at Erlang Systems in 1997. She left in 1998 to co-found Bluetail, a company which developed all of its products in Erlang. It was then sold for $152 million to Alteon WebSystems, Alteon Networks. In 2004, she met Sebastian Siemiatkowski, founder of Klarna and invested 60,000 € for 10% of the company. She also introduced the founder ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sequoia Capital
Sequoia Capital is an American venture capital firm. The firm is headquartered in Menlo Park, California, and specializes in seed stage, early stage, and growth stage investments in private companies across technology sectors. , Sequoia's total assets under management were approximately US$85 billion. Sequoia is an umbrella brand for three different venture entities: one focused on the U.S. and Europe, another on India and Southeast Asia, and a third on China. Notable successful investments by Sequoia Capital include Apple, Cisco, Google, Instagram, LinkedIn, PayPal, Reddit, Tumblr, WhatsApp, and Zoom. History Sequoia was founded by Don Valentine in 1972 in Menlo Park, California, at a time when the state’s venture capital industry was just beginning to develop. Sequoia formed its first venture capital fund in 1974, and was an early investor in Atari the next year. In 1978, Sequoia became one of the first investors in Apple. Partners Doug Leone and Michael Moritz assumed ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Buy Now, Pay Later
Buy now, pay later (BNPL) is a type of short-term financing that allows consumers to make purchases and pay for them at a future date. BNPL is generally structured like an installment plan money lending process that involves consumers, financiers, and merchants. Financiers pay merchants on behalf of the consumers when goods or services are purchased by the latter. These payments are later repaid by the consumers over time in equal installments. The number of installments and repayment period varies depending on the BNPL financiers. History The earliest form of BNPL traces back to the 19th century, when installment plans emerged as a way for consumers to purchase expensive goods (e.g. furniture, pianos and farm equipment) they did not have the funds to buy outright. In India, BNPL is considered similar to the country's traditional paper-based Udhar Khata system, where corner shops, known as kiranas locally, kept manually logged credit ledgers to allow their customers to buy provisi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
DST Global
DST Global is a venture capital and private equity firm that primarily invests in late-stage internet companies. DST Global has been described as one of the largest and most influential venture firms in the world, with an estimated $50 billion in assets under management. DST Global’s founder is Yuri Milner and its co-founders are Saurabh Gupta, John Lindfors, Rahul Mehta and Tom Stafford. Background Yuri Milner founded Digital Sky Technologies (now known as VK) in 1999 that through acquisitions has become a leading Russian language website in terms of users. In 2010, Digital Sky Technologies changed its name to Mail.ru Group and successfully completed an initial public offering on the London Stock Exchange. Although initial investments in American Internet companies were done by Mail.ru, it became clear that a dedicated fund management operation was required to continue investing at scale. As a result, DST Global was set up in 2009 by Yuri Milner as a separate fund management ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stockholm School Of Economics
The Stockholm School of Economics (SSE; sv, Handelshögskolan i Stockholm, HHS) is a private business school located in city district Vasastaden in the central part of Stockholm, Sweden. SSE offers BSc, MSc and MBA programs, along with PhD- and Executive education programs. SSE's Master program in Finance is ranked no. 18 worldwide as of 2018. The Masters in Management program is ranked no. 7 worldwide by the ''Financial Times''. QS ranks SSE no.26 among universities in the field of economics worldwide. The school is the only privately funded university in Sweden. SSE is accredited by EQUIS and is a member of CEMS. SSE has founded sister organizations: SSE Riga in Riga, Latvia, and SSE Russia in St Petersburg and Moscow, Russia. It also operates ''the European Institute of Japanese Studies ''(Japanese language, Japanese, kanji: 欧州日本研究所,'' ''Japanese, romaji: Ōshū Nihon kenkyūjo), a research institute in Tokyo, Japan. History The Stockholm School ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Unicorn (finance)
In business, a unicorn is a privately held startup company valued at over US$1 billion. The term was first published in 2013, coined by venture capitalist Aileen Lee, choosing the mythical animal to represent the statistical rarity of such successful ventures. CB Insights identified 1,170 unicorns worldwide . Unicorns with over $10 billion in valuation have been designated as "decacorn" companies. For private companies valued over $100 billion, the terms "centicorn", "hectocorn", and "super-unicorn" have been used. The term "kilocorn" has been used for companies valued at $1 trillion, of which Apple was the first. History Aileen Lee originated the term "unicorn" in a 2013 ''TechCrunch'' article, "Welcome To The Unicorn Club: Learning from Billion-Dollar Startups". At the time, 39 companies were identified as unicorns. In a different study done by ''Harvard Business Review'', it was determined that startups founded between 2012 and 2015 were growing in valuation twice as fas ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Michael Moritz
Sir Michael Jonathan Moritz (born 12 September 1954) is a Welsh billionaire venture capitalist, philanthropist, author, and former journalist. Moritz works for Sequoia Capital, wrote the first history of Apple Inc., '' The Little Kingdom'', and authored ''Going for Broke: Lee Iacocca's Battle to Save Chrysler''. Previously, Moritz was a staff writer at ''Time'' magazine and a member of the board of directors of Google. He studied at the University of Oxford and the Wharton School of the University of Pennsylvania and went on to found Technologic Partners before becoming a venture capitalist in the 1980s. Moritz was named as the No. 1 venture capitalist on the ''Forbes'' Midas List in 2006 and 2007. Early life and education Michael Jonathan Moritz was born to a Jewish family in Cardiff, Wales, on 12 September 1954. His father, Ludwig Alfred Moritz (1921–2003), was a German Jew who fled Nazi Germany. A professor of Classics at Cardiff University, in the 1970s, he became it ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chairman
The chairperson, also chairman, chairwoman or chair, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the group, presides over meetings of the group, and conducts the group's business in an orderly fashion. In some organizations, the chairperson is also known as ''president'' (or other title). In others, where a board appoints a president (or other title), the two terms are used for distinct positions. Also, the chairman term may be used in a neutral manner not directly implying the gender of the holder. Terminology Terms for the office and its holder include ''chair'', ''chairperson'', ''chairman'', ''chairwoman'', ''convenor'', ''facilitator'', '' moderator'', ''president'', and ''presiding officer''. The chairperson of a parliamentary chamber is often called the ''speaker''. ''Chair'' has been used to refer to a seat or office of authority s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sweden
Sweden, formally the Kingdom of Sweden,The United Nations Group of Experts on Geographical Names states that the country's formal name is the Kingdom of SwedenUNGEGN World Geographical Names, Sweden./ref> is a Nordic countries, Nordic country located on the Scandinavian Peninsula in Northern Europe. It borders Norway to the west and north, Finland to the east, and is connected to Denmark in the southwest by Øresund Bridge, a bridgetunnel across the Öresund. At , Sweden is the largest Nordic country, the third-largest country in the European Union, and the List of European countries by area, fifth-largest country in Europe. The Capital city, capital and largest city is Stockholm. Sweden has a total population of 10.5 million, and a low population density of , with around 87% of Swedes residing in urban areas in the central and southern half of the country. Sweden has a nature dominated by forests and a large amount of lakes, including List of largest lakes of Europ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mikael Damberg
Lars Mikael Damberg (born 13 October 1971) is a Swedish politician of the Social Democratic Party. He served as Minister for Finance from 2021 to 2022. He previously served as Minister for Enterprise from October 2014 to January 2019 and as minister for home affairs from January 2019 to November 2021. He has been Member of the Riksdag since 2002, representing Stockholm County, and was leader of the Social Democrats in the Riksdag from 2012 to 2014. Political career and education Damberg was born in Solna, Stockholm County, Sweden. His father is the former Swedish Social Democratic party treasurer Nils-Gösta Damberg and his mother a former district chairwoman of the Finnish Social Democratic Youth Riita-Liisa Damberg. Damberg earned a degree in public administration from Stockholm University in 2000. Early career Between 1995 and 1997, Damberg worked as a political assistant to Minister for Defence Thage G. Peterson, and between 1997 and 1999 as political assistant and sp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ministry Of Enterprise And Innovation (Sweden)
The Ministry of Enterprise and Innovation ( sv, Näringsdepartementet) is a ministry within the government of Sweden. Ministerial responsibilities include: housing, transport, IT and mail policies, regional growth, infrastructure, environmental issues and rural policy. Between 1969 and 1991, it was known as the Ministry of Industry ( sv, Industridepartementet). The ministry offices are located at the old Central Post Office Building in central Stockholm. Organization The Ministry of Enterprise and Innovation is headed by the Minister for Enterprise, Ebba Busch. Environmental issues are also under the purview of the Ministry, and these are headed by Minister for Climate and the Environment, Romina Pourmokhtari. Government agencies The Ministry of Enterprise and Innovation is principal for the following government agencies: References External links * {{authority control Enterprise and Innovation Sweden Sweden Sweden, formally the Kingdom of Sweden ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
