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Klarna’s Value Hits $10B With Latest Investment Round

PYMNTS

Swedish FinTech Klarna is aiming to raise $500 million as it looks to fuel the expansion of its growing digital payments and online shopping business in the U.S. market, a new report states. Founded in 2005, Klarna has previously stated that the U.S. is poised to become its largest market. billion in August of 2019.

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Ant Financial Acquires Minority Stake In Klarna

PYMNTS

Klarna, Europe’s most valuable FinTech, was founded in 2005 and has financial backers that include the rapper Snoop Dogg, who is also part of the company’s marketing. Other investors include venture capital firm Sequoia Capital and Australia’s biggest bank, Commonwealth Bank of Australia.

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Estee Lauder Agrees To Buy Asian Beauty Brand

PYMNTS

Dr. Jart+ was founded in Seoul in 2005 and sells masks, moisturizers, serums and cleansers under names such as Ceramidin and Cicapair, Deal Street Asia reported. Coty Finance Chief Pierre-André Terisse said, per past reports , “This is where the growth of the market is.” for approximately $1.1 Coty Inc. ,

Branding 101
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Twitch Buys Bebo In eSports Push

PYMNTS

Bebo began in 2005 as a social networking platform by Michael and Xochi Birch. It was said to have become “the market leader” in some countries such as Ireland and the U.K. The company was sold to Criterion Capital less than two years after, and the Birches purchased it for $1 million in 2013.

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Fiserv CEO Jeff Yabuki to Speak at Bank Innovation 2017

Bank Innovation

Yabuki joined Fiserv in 2005. Fiserv CEO Jeff Yabuki has joined the speaker faculty of Bank Innovation 2017, taking place March 6-7 in San Jose. Under his leadership, the company has grown revenue to exceed $5 billion annually, and serves more than 13,000 institutional clients. Fiserv also supports this site’s Read More.

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Deep Dive: Credit Unions Like And Subscribe To Social Media

PYMNTS

Social media has become a cornerstone of everyday life over the last few decades, with 72 percent of Americans using social media today, a dramatic increase from the mere 5 percent that Pew Research Center first tracked in 2005. Social media engagement is easily trackable compared to other forms of marketing like word of mouth.

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The Great Online Innovation Pile On Of 2017

PYMNTS

There seems to be an awful lot of piling on these days on the big online platforms. Take a look at this chart, which lays out grocery chain market share. Walmart has the largest market share at 14.2 When Amazon was just about selling books online, its competition was the physical bookstore. It’s Not Easy Being Big.