How Sweden became the Silicon Valley of Europe

Sebastian Siemiatkowski pinpoints a late-1990s government policy to put a computer in every home.
Sebastian Siemiatkowski pinpoints a late-1990s government policy to put a computer in every home.PHOTO: REUTERS

STOCKHOLM (REUTERS) - As Klarna's billionaire founder Sebastian Siemiatkowski prepares to stage one of the biggest-ever European fintech company listings, a feast of capitalism, he credits an unlikely backer for his runaway success: the Swedish welfare state.

In particular, the 39-year-old pinpoints a late-1990s government policy to put a computer in every home.

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