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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. Founded in 2005, Klarna has previously stated that the U.S. market, a new report states. The Stockholm-based company is currently in talks with investors.

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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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Marc Lore Retiring From Walmart To Create City Of The Future

PYMNTS

15), Lore said his dream pursuit is to create “a city of the future” built on a framework that envisions “a reformed version of capitalism.”. Amazon launched Prime in February 2005 and grew it to more than 150 million members globally. . In an interview with Recode on Friday (Jan. He officially leaves his post on Jan. Our Walmart U.S.

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Toys R Us Eyes Liquidation Of US Operations

PYMNTS

toy and game brand entered bankruptcy protection in September 2017, and had planned to refashion both its capital and operating structures — which is typical of such strategies. As has been widely reported, the U.S. Toys R Us managed to garner a $3.1 Refinancing remained a viable strategy for a while, but then came the Amazon effect.

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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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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. He noted that the brand is attractive for its online presence and skincare business. In what is reportedly its first acquisition of an Asian beauty brand, Estee Lauder Cos.

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. The company was sold to Criterion Capital less than two years after, and the Birches purchased it for $1 million in 2013. It was said to have become “the market leader” in some countries such as Ireland and the U.K.