Over on PaymentsViews.com, Glenbrook's Scott Loftesness takes a look at Klarna - an ecommerce payments provider based in Sweden that's attracted a major investment from Sequoia Capital and partner Michael Moritz.

Klarna AB has announced that Sequoia Capital is investing in Klarna AB and will become Klarna’s largest single owner. Michael Moritz, Partner at Sequoia Capital, has been made a member of the board.

"Sequoia Capital has extensive expertise and many years’ experience in investing in and developing promising growth companies operating in industries that are exciting for successful global companies. We are now stepping up the pace of our international expansion, first in Europe and then globally, said Sebastian Siemiatkowski, CEO of Klarna and previous CEO of Kreditor."

"Klarna has done a fabulous job serving the needs of merchants and consumers in Europe’s e-commerce market," said Michael Moritz, Partner at Sequoia Capital. "With e-commerce growing rapidly across the E.U., where card based payments are only 1/3 that of the U.S., Klarna has an incredible opportunity to be the most trusted solution in the $40 billion global payments market."