June 27, 2017Blog Posts

Visa Buys Stake in Swedish Financial Technology Company Klarna

Bloomberg:

Visa Inc. is buying a stake in Swedish payments technology firm Klarna AB and forming a strategic partnership, as both companies aim to expand outside their core markets. Terms of the deal were not disclosed, but Klarna plans to issue new equity as part of the transaction, the Swedish company’s chief commercial officer Michael Rouse said in an interview.

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