Stripe and Klarna are two of the most prominent digital payments companies to emerge in the past 20 years, with Stripe revolutionizing the way small and mid-sized businesses do business online and Klarna helping usher in a new era of digital installment payment processes.
Now, the two privately-held companies, both backed by hundreds of millions of venture dollars, are teaming up in a pact that’s likely to keep drawing businesses and consumers to their online offerings.
$Stripe, based in San Francisco and Dublin, earlier this year raised $600 million, giving the company a $95 billion valuation. The company has been using the new capital to make acquisitions globally, including an agreement announced last week to buy the Indian software company Recko, and to expand its hiring worldwide.
Source: Payments Dive
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