Klarna is launching a new tech hub in Madrid. Almost 40% of the company’s employees globally are focused on engineering.

Klarna, the leading global payments provider, bank and shopping service, is launching a new tech hub in Madrid. The hub will create 500 new jobs in Madrid, Spain.

Klarna launched its shopping and payment services in Spain in Summer 2020 with Pay in 3 and Pay now. It now works with over 160 global and Spanish brands in the country, elevating the shopping experience for Spanish consumers while providing them with an interest-free payment choice with no late fees, freeing them from revolving credit lines. 

Sebastian Siemiatkowski, CEO of Klarna commented: “Traditional banks and card companies have been overcharging customers for an incredibly poor customer experience for far too long. Our aim is to allow consumers to bank, shop and pay on one app, in-store and online, with one trusted brand. To do this, we need the best engineers to deliver a seamless product experience for our customers. That’s why we’re coming to Madrid, one of Europe’s emerging tech centers. Together with our tech hubs in Stockholm, Berlin and Milan, we are creating a powerhouse of technology expertise that will support Klarna’s growth.”

„The focus in coming months will be on recruiting in product development roles, including engineers, product managers, designers and experts in data science and analytics. This will exponentially expand the size of its current office, which will be transformed into a global product development center,” according to the press release. 

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Klarna has more than 4,000 employees globally, 1,500 of which are focused on engineering. Klarna already has tech hubs in Stockholm, Milan, and Berlin that focus on solving problems for Klarna’s 90 million consumers to make their everyday lives easier while helping 250,000 global retailers grow their business in the 17 markets it serves.