Klarna buys Stocard

The Swedish fintech acquires the Mannheim-based start-up for more than 100 million euros. It is not the first acquisition this year.

Klarna is in acquisition fever: Only at the beginning of July, the fintech bought the social shopping platform Hero. Now Klarna is said to have acquired Mannheim-based start-up Stocard, as reported by Finance Forward. According to the Handelsblatt , Klarna paid 113 million euros for the acquisition.

Stocard offers its 60 million users worldwide a bundling of customer cards in an app, in which it informs about discounts and promotions. An integrated payment function has been available for several years. Investors of the Mannheim-based company included Carsten Maschmeyer with his fund Alstin or High-Tech Gründerfonds. According to Finance Forward, 31 million US dollars have flowed into Stocard so far.

According to its own information, Klarna is currently valued at over 45 billion US dollars and is used by 90 million customers. The fintech, founded in 2005, had closed a financing round of 650 million US dollars in September 2020.


Like it? Please spread the word:

Newsletter

Startups, stories and stats from the German startup ecosystem straight to your inbox. Subscribe with 2 clicks. Noice.

LinkedIn Connect

Take care, give care

Did this news inform or entertain you? Then we would be happy if you tell your network about it.

Share on Linkedin Share on Facebook Share on Xing

FYI: English edition available

Hello my friend, have you been stranded on the German edition of Startbase? At least your browser tells us, that you do not speak German - so maybe you would like to switch to the English edition instead?

Go to English edition

FYI: Deutsche Edition verfügbar

Hallo mein Freund, du befindest dich auf der Englischen Edition der Startbase und laut deinem Browser sprichst du eigentlich auch Deutsch. Magst du die Sprache wechseln?

Deutsche Edition öffnen

Similar posts