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Klarna Group plc, commonly referred to as Klarna, is a Swedish fintech company that provides online financial services. The company provides payment processing services for the e-commerce industry, managing store claims and customer payments. The company is a "buy now, pay later" service provider. The company has more than 5,000 employees, most of them working at the headquarters in Stockholm and offices in Berlin. In 2021, the company handled about US$80 billion in online sales. Klarna initially planned to file as an American IPO in April 2025 and was projected to be valued at $15 billion. This valuation was about one-third of its peak of $45.6 billion in 2021. Klarna delayed their IPO filing as a result of the 2025 United States trade war with Canada and Mexico. History The three founders Sebastian Siemiatkowski, Niklas Adalberth and Victor Jacobsson founded Klarna in 2005 after participating in the Stockholm School of Economics annual entrepreneurship competition. Angel i ...
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Privately Held Company
A privately held company (or simply a private company) is a company whose Stock, shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the Private equity, company's stock is offered, owned, traded or exchanged privately, also known as "over-the-counter (finance), over-the-counter". Related terms are unlisted organisation, unquoted company and private equity. Private companies are often less well-known than their public company, publicly traded counterparts but still have major importance in the world's economy. For example, in 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for $1.8 trillion in revenues and employed 6.2 million people, according to ''Forbes''. In general, all companies that are not owned by the government are classified as private enterprises. This definition encompasses both publ ...
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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, 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 Networks. In 2004, she met Sebastian Siemiatkowski, founder of Klarna and invested €60,000 for 10% of the company. She also introduced the founders to a team of programmers who he ...
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Unicorn (finance)
In business, a unicorn is a startup company Valuation (finance), valued at over US$1 billion which is privately owned and not listed on a share market. The term was first published in 2013, coined by venture capitalist Aileen Lee, choosing the unicorn, mythical animal to represent the statistical rarity of such successful ventures. Many unicorns saw their valuations fall in 2022 as a result of an economic slowdown caused by the COVID-19 pandemic, an increase in interest rates causing the cost of borrowing to grow, increased market volatility (finance), volatility, stricter regulatory scrutiny and underperformance. CB Insights identified 1,248 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" and "hectocorn" have been used. History Aileen Lee originated the term "unicorn" in a 2013 ''TechCrunch'' article, "Welcome To The Unicorn Club: Learn ...
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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 a 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 ...
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Ministry Of Enterprise And Innovation (Sweden)
The Ministry of Climate and Enterprise () is a ministry in the Government of Sweden responsible for policies related to the climate, the natural environment, energy, enterprise, innovation, radiation safety, the 2030 Agenda for Sustainable Development, outdoor life and circular economy. The ministry is currently headed by the Minister for Energy, Business and Industry Ebba Busch of the Christian Democrats. Busch is also Deputy Prime Minister of Sweden. History The ministry originally held the name of Ministry of Industry (''Industridepartementet'') from its establishment in 1969. The ministry has later been called Ministry of Industry, Employment and Communications (''Näringsdepartementet''), Ministry of Enterprise and Innovation (''Näringsdepartementet''), Ministry of Enterprise and Innovation (''Näringsdepartementet''), and Ministry of Climate and Enterprise (''Klimat- och näringslivsdepartementet''). The ministry was reshaped on 1 January 2023 when the Ministry ...
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Macy's
Macy's is an American department store chain founded in 1858 by Rowland Hussey Macy. The first store was located in Manhattan on Sixth Avenue between 13th and 14th Streets, south of the present-day flagship store at Herald Square on West 34th Street that opened in 1902. It expanded beyond the New York metropolitan area by acquisitions and conversions of regional department stores, facilitated by the purchase of Macy's by Federated Department Stores in 1994. It achieved a national footprint with the acquisition of The May Department Stores Company by Federated in 2005, which resulted in the conversion of its department stores to Macy's in 2006 and the renaming of Federated to Macy's, Inc. in 2007. Macy's is also a sister brand to the Bloomingdale's luxury department store chain and Bluemercury beauty store chain. Macy's is the largest department store company by retail sales in the United States, with 94,000 employees and an annual revenue of $25.3 billion . It operates ...
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E-commerce
E-commerce (electronic commerce) refers to commercial activities including the electronic buying or selling products and services which are conducted on online platforms or over the Internet. E-commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems. E-commerce is the largest sector of the electronics industry and is in turn driven by the technological advances of the semiconductor industry. Defining e-commerce The term was coined and first employed by Robert Jacobson, Principal Consultant to the California State Assembly's Utilities & Commerce Committee, in the title and text of California's Electronic Commerce Act, carried by the late Committee Chairwoman Gwen Moore (D-L.A.) and enacted in 1984. E-commerce typically uses the web for at least a part of a transacti ...
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Israel
Israel, officially the State of Israel, is a country in West Asia. It Borders of Israel, shares borders with Lebanon to the north, Syria to the north-east, Jordan to the east, Egypt to the south-west, and the Mediterranean Sea to the west. Israeli-occupied territories, It occupies the Occupied Palestinian territories, Palestinian territories of the West Bank in the east and the Gaza Strip in the south-west. Israel also has a small coastline on the Red Sea at its southernmost point, and part of the Dead Sea lies along its eastern border. Status of Jerusalem, Its proclaimed capital is Jerusalem, while Tel Aviv is the country's Gush Dan, largest urban area and Economy of Israel, economic center. Israel is located in a region known as the Land of Israel, synonymous with the Palestine (region), Palestine region, the Holy Land, and Canaan. In antiquity, it was home to the Canaanite civilisation followed by the History of ancient Israel and Judah, kingdoms of Israel and Judah. Situate ...
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Anton Levy
Anton Levy (born October 18, 1974) is an American businessman. He is co-president, managing director and chairman of Global Technology at General Atlantic, a private equity firm based in New York City, where he has worked since 1998. Levy has been on The Forbes Midas List nine times. In 2017, Forbes ranked Levy #26 on the Midas List, List. Career and education Anton Levy earned a Bachelor of Science in commerce with degrees in Finance and Computer Science from the University of Virginia, and a Master of Business Administration from Columbia University. Levy graduated from both with highest honors. Levy began his career in 1996 as an analyst and investment banker at Morgan Stanley, working with the investment bank's technology clients. In 1998 Levy joined growth equity firm General Atlantic, with a focus on internet and technology companies. Levy was promoted to managing director in 2006 and today oversees the firm's global Internet & Technology sector. He also serves on the f ...
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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, Tom Stafford, and Alexander Tamas. The company was founded in 2009 as a spinoff from Russian company Digital Sky Technologies, which became Mail.ru Group (later the VK company). In the early 2010s, DST Global international investments were focused on emerging markets such as China. 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. ...
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General Atlantic
General Atlantic, legal main entity General Atlantic Service Company, L.P., (also known as "GA") is an American growth equity firm providing capital and strategic support for global growth companies, headquartered in New York, United States. The firm was founded in 1980 as the captive investment team for Atlantic Philanthropies, a philanthropic organization founded by Charles F. Feeney, the billionaire co-founder of Duty Free Shoppers Ltd. As of November 2021, General Atlantic has over $86 billion in assets under management and focuses on investments across five sectors, including Technology, Consumer, Financial Services, Healthcare, and Life Sciences. The firm has 185 investment professionals based in New York City, Stamford, Palo Alto, São Paulo, London, Munich, Amsterdam, Beijing, Hong Kong, Mumbai, Shanghai, Mexico City, Singapore, and Jakarta. In June 2023, General Atlantic were ranked ninth in Private Equity International's PEI 300 ranking of the largest privat ...
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The Daily Telegraph
''The Daily Telegraph'', known online and elsewhere as ''The Telegraph'', is a British daily broadsheet conservative newspaper published in London by Telegraph Media Group and distributed in the United Kingdom and internationally. It was founded by Arthur B. Sleigh in 1855 as ''The Daily Telegraph and Courier''. ''The Telegraph'' is considered a newspaper of record in the UK. The paper's motto, "Was, is, and will be", was included in its emblem which was used for over a century starting in 1858. In 2013, ''The Daily Telegraph'' and ''The Sunday Telegraph'', which started in 1961, were merged, although the latter retains its own editor. It is politically conservative and supports the Conservative Party (UK), Conservative Party. It was moderately Liberalism, liberal politically before the late 1870s.Dictionary of Nineteenth Century Journalismp 159 ''The Telegraph'' has had a number of news scoops, including the outbreak of World War II by rookie reporter Clare Hollingworth, desc ...
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