More startups are being spun out of Klarna than any other fintech unicorn in Europe, according to a new report from venture capital firm Accel.
Accel’s “Fintech Founder Factory” report showed that alumni from the buy now, pay later giant have gone on to create a total of 62 new startups – more than any other VC-backed fintech worth $1 billion or more in Europe.
Accel labels these companies “founder factories,” on the basis that they have become breeding grounds for talent that often go on to establish their own firms.
“We now have a very long list of large, durable, successful companies in Europe across the different ecosystems — including London, Berlin and Stockholm — that have been generating interesting outcomes,” Luca Bocchio, partner at Accel, told CNBC.
Asked about why Klarna topped the ranking of fintech founder factories in Europe, Bocchio said: “Klarna is an organization that is coming of age now.”
Read more in my story on CNBC: https://lnkd.in/e4M6t46f #klarna #fintech #buynowpaylater #bnpl #founders #startups #vc #banking #finance #lending #payments #tech #technology
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Publish date : 2024-10-23 05:23:00
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