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Matthew Miller joins Klarna Holding & Klarna Bank Boards

By Gloria Methri

January 04, 2024

  • Europe
  • FinTech Investment
  • generative AI
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Citcon, Klarna, Mobile Payment Solutions, In-store Payments, Mobile Wallet, QR-based Payments, Online Purchase, USAKlarna, the AI-powered global payments network and shopping assistant, has announced that Matthew Miller will join the boards of Klarna Holding and its subsidiary, Klarna Bank.

Miller is a long-standing Partner at Sequoia, focused on early and growth-stage investments in technology companies across the US and Europe. Over the last 11 years at Sequoia, Miller has worked closely with companies like Confluent, dbt Labs, Docker, Grafana, Graphcore, Hex and Tessian.

He also has a deep knowledge of AI and machine learning, holding several board positions in AI-related companies including Graphcore, Tecton.ai, Tessian and Yokoy Group. Miller moved from California to London in 2021 to help launch Sequoia’s European office.

Sir Michael Moritz, who led Sequoia’s original investment in Klarna in 2010, will remain as an independent board member as well as Chairman allowing Klarna to continue enjoying his stewardship. Previously, Moritz was the Chairman of Sequoia and has decades of experience serving on the boards of Yahoo, Paypal, Google, Linkedin, Stripe and Instacart. Today, he is a senior advisor to Sequoia Heritage.

Sebastian Siemiatkowski, CEO and Co-founder of Klarna said, “I am happy to welcome Matt to Klarna’s board. His long background at Sequoia and being a champion of opening an office on the ground in Europe playing into the support for European companies, is of great value to Klarna. In addition, his extensive expertise in technology, and AI, will be invaluable to the company. We are also delighted to continue to enjoy Sir Michael’s support, particularly given his intimate knowledge of Klarna from over a decade on the board. Michael’s continued guidance and leadership will be especially valuable as Klarna prepares for an IPO.”

Matt Miller, partner at Sequoia Capital said, “Klarna is on an incredible trajectory, transforming the way the world views credit, payments, and shopping – sectors that have been teetering on the brink of disruption for quite some time. I am excited to join Klarna’s board and support the company in continuing its impressive journey, particularly as it seizes the opportunity to further harness generative AI. Sequoia has had the privilege of partnering with Klarna for well over a decade and we know them to be true outliers. I look forward to spending more time with this great team and in Sweden, a place already close to my heart.”

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