Klarna became Europe’s biggest private financial technology company towards the end of the last decade, beating Monzo and Transferwise to the top spot with its “buy now pay later” model attracting around a million transactions a day.
But the Swedish giant has left a series of controversies in its wake as it sweeps across the world with a model that initially failed to capture imaginations.
Launched in 2005 by three friends, Sebastian Siemiatkowski, Niklas Adalberth and Victor Jacobsson, who entered the idea in a competition at the Stockholm School of Economics. Their plan was a system to make ecommerce easier and safer for retailers and shoppers.
Feb 2, 2021
Klarna is worth around £8 billion following a £475 million investment round in September.
Klarna became Europe’s biggest private financial technology company towards the end of the last decade, beating Monzo and Transferwise to the top spot with its “buy now pay later” model attracting around a million transactions a day.
But the Swedish giant has left a series of controversies in its wake as it sweeps across the world with a model that initially failed to capture imaginations.
Launched in 2005 by three friends, Sebastian Siemiatkowski, Niklas Adalberth and Victor Jacobsson, who entered the idea in a competition at the Stockholm School of Economics. Their plan was a system to make ecommerce easier and safer for retailers and shoppers.
Foreign investors in Latvia see least progress within demography, uncertainty, and the tax system 2021-01-31 LETA/TBT Staff
RIGA - The results of the 2020 Foreign Investors Council in Latvia (FICIL) Sentiment Index study suggest that foreign investors in Latvia see the least progress within demography, uncertainty and the tax system.
Quality of business legislation and unethical or illegal behavior are two areas where a substantial number of foreign investors see no progress. On the other hand, foreign investors see some progress made when it comes to the support from the government and communication with the policy-makers, and progress in the financial sector stability in Latvia.
(Latvian Public Broadcasting) The influential Foreign Investors Council in Latvia (FICIL) reveals its latest research at 10:00 on January 29.
The FICIL Sentiment Index 2020 has become an annual event in the business world, giving a guide to current sentiment, expectations and an evaluation of the effectiveness or otherwise of policymakers.
The research was carried out by Dr Arnis Sauka of the Stockholm School of Economics in Rīga, and according to FICIL In 2020, the top 3 challenges investors faced were new ways of working, uncertainty, and financial struggles.
Presentaion of the Index will be followed by a discussion among politicians, who will have to run the gauntlet of FICIL members questions as well as those of moderator Janis Domburs.
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