The team behind Cookies is joining Klarna
techcrunch.com
techcrunch.com
Dominance of US in internet should be challenged more by europeans so we need european startups to grow a bit more over here.
In Sweden you can just order random stuff online and have it show people door step, and have Klarna send the bill to the victim, who now has to deal with returning the 50 dildos you ordered for them.
Even when Klarna works as intended we have experience that they would make us, the webshop, pay for an item, when they failed to get the payment from the customer. The whole idea of Klarna is that they are responsible for collecting the money from the customer.
While it's unusual that there are cases of fraud, it does happen. Every time it has happened, it's enough for the victim to do a police report and just tell Klarna that they have been victims of fraud, and Klarna will remove the invoice due to their fraud policy. Obviously, the police report is meaningless as the police does nothing.
I wish there was a better alternative to Klarna, but sadly, I know of none.
> The team behind Foo is joining Bar
But the main question is, of course, is if they had an incredible journey or was it a so-so one...
Saying that as someone who witnessed a startup burn through 10 mil in a year back in the first .com bubble. That was one opulent journey, I can tell you that.
This sentence scared me:
After filing for bankruptcy, Swedish tech company Klarna approached the team behind Cookies so that they can join another fintech company.
To me the above really sounds as if Klarna filed for bankrupcy, but it refers to Cookie (which is perhaps clear if you know the background and/or context).
/Unhappy-customer