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.

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