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A$AP Rocky Becomes The Latest Investor In $31 Billion Fintech Platform Klarna Share to Facebook Share to Linkedin A$AP Rocky is reclaiming his relationship to Sweden as an investor in one of its most promising companies. Klarna Sweden-based Klarna is Europe’s biggest privately held fintech company with 4,000 employees and a $31 billion valuation, pumped up by investors like Softbank, General Atlantic and BlackRock. The company has become elephantine in such a short time by offering customers the ability to make purchases and pay later, making money by charging merchants to utilize Klarna’s payment technology. Today Klarna names a new investor: rapper, designer and producer A$AP Rocky. ....
Global fintech investment was US$105 billion in 2020 - the third highest annual total ever thanks to strong VC investment throughout the year US$71.9. ....
VC Investment in Fintech More Than Doubles in Second Half of 2020 Expected to Remain Strong Into 2021, According to KPMGs Pulse of Fintech financialbuzz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialbuzz.com Daily Mail and Mail on Sunday newspapers.
What is driving the growth of buy now pay later? Image courtesy of Shutterstock Before the emergence of online shopping, there were shopping catalogues, published and distributed by retailers who offered everything from clothes to household appliances and sometimes even furniture. Shoppers could browse through the pages and order, by mail, the items they wanted. Payments could be made via bank transfer or cheques and in most cases, paying in instalments (usually with some interest or added fee) was also an option. As e-commerce began to take hold in Europe and the US, these catalogues were eventually replaced by websites, and cheques were shunned in favour of credit cards and digital payment services like PayPal. ....