Klarna Hires Former American Express Exec as New CCO

Klarna Hires Former American Express Exec as New CCO

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Updated: Former American Express executive Michael Rouse will be joining Klarna as the company’s chief commercial officer. In his new position, Rouse will be responsible for new business development, revenue management, and global partnerships and solutions.

In a statement, CEO and Klarna co-founder Sebastian Siemiatkowski called Rouse a “perfect addition” as the company looks to expand its global reach. “We’re gearing up to become the world’s favorite way to buy,” Siemiatkowski said.

MichaelRouse_Klarna_croppedFor his part, Rouse called Klarna “the most exciting company in payments.” He pointed to the company’s ability to “leverage data from more than 35 million consumers” as key to Klarna’s ability to develop solutions that will improve the shopping experience for consumers and boost conversion rates for retailers.

Rouse’s seven years at American Express included executive responsibilities in global sales, business development, and marketing. In his final capacity at American Express, Rouse ran the company’s flagship loyalty program, Membership Rewards loyalty program, forging partnerships with companies like Amazon, Ticketmaster, and Uber.

Klarna was profiled recently in the Financial Times and The Independent, and the company’s head of expansion, Jens Saltin was interviewed earlier this month by StrategyEye. Klarna expanded operations to the United States in the fall of 2014, hiring Bill Billingsley away from Alliance Data to serve as Klarna’s chief executive officer for North America.

Founded in 2005 and headquartered in Stockholm, Sweden, Klarna demonstrated its technology at FinovateSpring 2012 in San Francisco. Some of the company’s key metrics are below:

  • Commands 10% of the e-commerce market share for Northern Europe
  • Operates in 18 markets
  • Maintains 1,200 employees
  • Works with 50,000 merchants
  • Handles 250,000 transactions a day
  • Serves 35 million total end customers

Klarna acquired SOFORT in 2014. SOFORT made its Finovate debut the following year at FinovateEurope 2015.

SOFORT Demonstrates its Banking Paycode to Ensure Secure Transactions

SOFORT_logo_high-res.jpgThis post is part of our live coverage of FinovateEurope 2015.

A part of the Klarna Group, SOFORT offers innovative products to ensure secure transactions online.
SOFORT Banking Paycode is an online link to the SOFORT payment form, which already contains all relevant information for the transfer. By using the link, the digital transfer form is automatically filled in and ready for the transfer. You’ll find the paycode on your invoice, which you receive from the merchant via email, mail or SMS. The paycode can be entered either via the website of the merchant or at sofort.com. Alternatively, you can use the code link that leads you directly to our encrypted SOFORT Banking payment form. The transfer can then be carried out easily via SOFORT Banking.
Presenters: Christian Mangold, managing director, sales; Marc-Andre Bewernik, senior manager, products; and Fridolin von Schönau, senior manager, products
 
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Product launch: May 2013
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, through other fintech companies and platforms
HQ: Gauting, Germany
Metrics:
  • Turnover 2014: approx. 25 million euro (increase in sales as compared to 2013: more than 30% across Europe)
  • External revenue with SOFORT Banking 2014: approx. 3.3 billion euro
  • Employees: 170 in 2014; 150, 2013
  • On average, 3,000 consumers use SOFORT Banking at least once
  • More than 18 million users have already used SOFORT Banking at least once
  • More than 100 million transactions since the company was founded
  • More than30,000 e-commerce shops use SOFORT Banking
Website: sofort.com
Twitter: @SOFORTAG

FinovateEurope 2015 Sneak Peek: Part 1

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2014 was an exciting year for fintech, and we estimate 2015 to be even bigger, with the ongoing battle for mobile wallet share, growth of alternative lending, and burgeoning VC funding.

At FinovateEurope, our first conference of 2015, we’re hosting more than 70 companies who will showcase their products centered on the newest trends, and some we’ve never seen before. 

For Finovate’s fifth time in London, we’re returning to the Old Billingsgate Market Hall on February 10 & 11. Register now and be the first to see the newest fintech of 2015.

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In the weeks leading up to FinovateEurope, we’re giving you a taste of what will be on stage in our Sneak Peek series. Below are the first six companies in this installment.


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ebankIT is an omnichannel banking software company that provides innovative solutions with centralized management, allowing banks to communicate faster, easier and more efficiently with their customers.

Features

    • Seamless access to financial products and services
    • Allows banks to extend its customers’ network
    • For any device and wearable technology
Why it’s great
Omnichannel & Social banking provides a consistent experience across channels to provide customers with seamless access to financial products and services.

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Presenters

João Pinto, Board of Directors
Pinto is an administrator with nearly 20 years of solid experience in the financial sector, actively participating in the design and implementation of innovative Omnichannel Solutions.
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Paulo Oliveira, Omnichannel Speacialist
Oliveira is a Project Manager, Omnichannel Specialist and Software Architect in ebankIT. He has been developing solutions in the financial sector for more than 15 years.

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Jumio’s Netverify turns your customer’s computer/smartphone into an ID scanning terminal that captures customer data and verifies customer ID documents, increasing online account opening rates.

Features

    • Reduces abandonment during digital account opening 
    • Creates fast & intuitive experiences for digital account opening 
    • Helps meet KYC & AML compliance requirements

Why it’s great
Jumio’s Netverify has been developed to meet the challenge of verifying identity in a connected-device environment, decreasing online account opening abandonment by up to 40%.

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Presenters

David Pope, European Marketing Director
Pope is a tech marketing specialist, having helped brands like 192business, Experian & Jumio balance the need for customer convenience with KYC compliance requirements.
LinkedIn

John McIntosh, Sales Engineer EMEAJumioPresenter2.jpg
McIntosh is the EMEA Sales Engineer for Jumio and is responsible for all information about the Jumio Product and Technical Information.
LinkedIn


SOFORT AG, based in Germany, offers Europe-wide,

SOFORTLogo.jpginnovative services for the secure purchase of goods and digital products on the internet.

Features
SOFORT Banking Paycode is an efficient method for purchasing on an account, whether online or offline. The online link contains all relevant transfer information.

Why it’s great
SOFORT Banking Paycode – the faster, smarter and easier way to pay bills online

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Presenter
Christian Mangold, Managing Director Sales
At SOFORT, Mangold is in charge of the German market and the sales strategy. He has been on the SOFORT Management Board since late 2012.
LinkedIn


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TradeRiver Finance is a non-bank online funding solution which finances trade, both cross-border and in the U.K.

Features

    • Online tool and finance for trade buyers
    • Pay global suppliers in cash and in local currency
    • Finance and execute local and cross-border transactions online  

Why it’s great
The TradeRiver platform provides a business funding and transaction execution solution which changes completely the nature and operation of cross-border trade finance.

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Presenters

Toby Lanyon, Chief Operating Officer

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Mike Mumford, Business Development Executive

provides real-time, reference financial data via cloud-based APIs to fintech innovators Wealthfront, Betterment, Personal Capital, Motif Investing, Robinhood, Stocktwits, Yodlee & more.

Features

    • New API offers trusted FactSet fundamental data, including company financials & estimates
    • Covers more than 75,000 publicly listed global companies
    • Easy integration into apps & websites

Why it’s great
The leading fintech innovators use Xignite market data APIs

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Presenter

Stephane Dubois, CEO & Founder
Dubois is a fintech revolutionary in the process of disrupting the financial services industry. He founded Xignite to pioneer market data in the cloud.
LinkedIn


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Yoyo is a mobile platform that seamlessly blends payments, loyalty, and discovery – done right.

Features

    • Combines payment, loyalty and discovery
    • Yoyo ‘magic’ button on the till – we integrate into the epos software
    • Ability to link card to mobile and to give and receive social gifts

Why it’s great
Pay fast, get rewarded.

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Presenter

Michael Rolph, Co-founder and CCO
Rolph is ex Barclaycard, First Data and PayPal. He was formerly a Director at Anthemis Group and is currently a Mentor at Seedcamp and advisor to Azimo.
LinkedIn


Check back later this week, when we’ll explore six more presenting companies. To learn about all of the presenting companies, check out our presenter page.

Space is limited; get your FinovateEurope ticket now to reserve your seat.