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Klarna’s Seb Siemiatkowski — from burger flipping to billionaire club

Financial Times LogoFinancial Times12h ago

Klarna’s Seb Siemiatkowski — from burger flipping to billionaire club - Financial Times

Quick Summary:

To fund Klarna’s global ambitions, the Swedish executive secured the backing of prominent Silicon Valley investors including Sequoia Capital and Silver Lake, riding a wave of investor hype and cheap money.

After securing the backing of the company’s major investors, it was the Klarna chief who secured victory in a shareholder vote last month.“Sebastian is more powerful than ever before.

His father became a taxi driver and his mother retired early due to illness.“We would go a full week at a time eating meal after meal of Swedish pancakes, which are essentially nothing more than flour and milk,” Siemiatkowski was quoted as saying in a Sequoia Capital brochure.“My parents couldn’t afford anything else.


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Article Details

Author / Journalist: Akila Quinio

Category: MarketsFinanceInvesting

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-15 @ 05:00:42 (12 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 1221 words

Reading Time: 7 minutes read

Sentences: 47 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 23598223

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About Financial Times

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Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 14 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 10 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #3

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