Swedish payments firm Klarna buys Germany's BillPay

Published : February 06, 2017

STOCKHOLM (Reuters) - Swedish payments firm Klarna, one of Europe's most highly valued tech startups, said on Monday it is buying German online payment company BillPay.


"Germany is one of the largest e-commerce markets in the world, and we are delighted to have strengthened our position here with this acquisition," Klarna said in a statement.


BillPay has over 140 employees, offering services in Germany, Austria, Switzerland and the Netherlands.


(Reporting by Olof Swahnberg; Editing by Daniel Dickson)


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