HMI Capital, Silver Lake Partners, GIC Private, Sequoia Capital, BlackRock Capital Investment and Snoop Dogg led a $1bn funding round in Klarna, a global payments provider, retail bank, and shopping service. “At Klarna, we solve problems - that is the heart of what we do for both consumers and retailers. Consumers want transparent products to help them bank, shop and pay that reflect the way they live their lives, not just outdated traditional models. Each and everyone of us at Klarna will continue to work hard on this, but it is also time for us, with our culture of change, disruption and innovation, to focus on tackling bigger, more complex issues. I believe our industry has a responsibility to help in some way solve global sustainability issues and I hope others will join Klarna in our ambition,” Sebastian Siemiatkowski,Klarna Co-Founder and CEO.