This week, with Money 20/20 in town, the gaze of the world’s fintech watchers is centered on Copenhagen, Denmark. It seems the Danish city has charmed its fintech-hungry visitors. Although the hashtags for #money2020europe have reached 1.7 million Twitter users in the last three days, #Copenhagen has reached 3.2 million. That dwarfs the amountRead More
Post Tagged with: "Klarna"
The Swedish payments firm Klarna, which raised $231 million in funding in Europe and launched in the U.S. last September with Overstock.com as its first customer, has expanded its American customer service operations. Klarna is now offering customer service from 8 a.m. ET to 8 p.m. ET. Previously, Klarna’s U.S. customer serviceRead More
As Klarna, the Stockholm-based payments unicorn, is beefing up its credit risk management unit in New York, the company is also stretching out its credit terms. Klarna offers credit for online purchases to all consumers, not just those who choose the credit option, like Bill Me Later, now known as PayPalRead More
The average salary for a fintech software engineer is now more than $100,000, according to a Bank Innovation analysis. The exact average salary for a software engineer — a bread-and-butter position for a technology startup — is $100,188. With all the talk of an “overheating” fintech venture capital market, keeping an eyeRead More
Any time you see a market as large as Payments, entrepreneurs rush in. And Payments is undeniably a huge market. According to Boston Consulting Group: “In 2013, payments businesses generated $425 billion in transaction revenues, $336 billion in account-related revenues, and $248 billion in net interest income and penalty fees related toRead More
Primary innovation is doing something that has never been done before. Most primary innovation is ridiculous and fails without anybody noticing. Very, very rarely, primary innovation changes the world and the company that creates the innovation becomes a Unicorn. Secondary innovation wins by giving a twist to that primary innovation.Read More
PayPal co-founder Max Levchin launched a new payments company called Affirm this week. Described as an online “charge card” along the lines of American Express, Affirm will cover consumer purchases for 30 days. Using social media data, as well as other sources yet to be identified, Affirm will take onRead More