Payment solutions provider, Klarna has announced the establishment of its tech hub in Berlin at the beginning of 2020. The new development aims to provide the company with a platform to build out its product portfolio and services and enable it to better serve its merchant and consumer base across Europe and the US.
“Berlin is one of the most exciting tech and entrepreneurial hubs worldwide and attracts exceptional local and international talents from all over the world. We are very proud and humbled to be part of that thriving ecosystem now. This site will enable us to further scale our footprint in Germany, Austria and Switzerland and new markets, but at the same time build new products and services to solve people’s shopping pain points across Europe and the US. We are on a very exciting journey from a pure payment provider to a global shopping ecosystem and our team in Berlin will play a decisive part to reach our ambitious goals.” said Sebastian Siemiatkowski, CEO Klarna.
The new Berlin tech hub is expected to offer Klarna employees space of around 7,400 square meters and house more than 500 employees focusing on product, engineering and commercial growth and will be an addition to Klarna’s German offices in Munich and Linden, each with approximately 100 employees.
Robert Bueninck, General Manager DACH, added, “The DACH market as a whole developed fantastically throughout the past years and we have a very strong momentum and growing brand awareness in the region. With several thousands of new merchants which went live with us this year and many millions of consumers using our services, Germany is hugely important to the company to drive volume and revenue growth. The new site in Berlin is a testament to our strong track record locally and our commitment to becoming the most favourite way to buy in Germany, Austria and Switzerland.”
