Details on the deal were not disclosed, but Reuters reported the stake to be less than 1% and a "slight uptick" from the last round, which valued Klarna at $5.5b.
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Ant Financial takes minority stake in Klarna
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Commenting in a statement, Klarna CEO Sebastian Siemiątkowski said: “For too long consumers have had to endure non-intuitive, boring and overly complex services when shopping both online and offline. At the heart of this cooperation between Klarna and Alipay is a shared ambition of innovating truly superior shopping experiences and creating destinations of inspiration for consumers across the world.”
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