Stripe to Launch in Nordic Countries, Challenging Swedish Rival Klarna

Stripe, one of the hottest payments startups, has announced it is expanding to Sweden, Denmark, Norway and Finland — a move that puts it in direct competition with Sweden’s billion-dollar FinTech startup Klarna.

Speaking at MoneyConf in Belfast on June 15, Stripe’s co-founder John Collison, told the

“We’re really excited about expanding more into Europe. We really believe that we’re just at the beginning. The barriers for businesses from payments are coming right down and we want to see more of it.”

Launched in 2011, the San Francisco-based startup triggered its global expansion plans in late-2012, first launching in Canada. In March 2013, it started expanding to Europe and opened a local office in London. As of the today, the service is available in 20 countries, with more expected this year, Collison told the news outlet.

John Collison

Stripe has signed up major tech companies, including Apple, Twitter and Pinterest. It made headlines in February when it opened up bitcoin payments for all of its users, after more than a year of beta testing.

The startup, which is rumored to be currently valued US$5 billion, is backed by some of the largest technology venture capital

Read more ... source: Cointelegraph