Europe’s Fintech Major Klarna Seeks To Raise $1 Billion At Lower Valuation: Report
05/20/22, 5:51 AM
Money raised
$1 billion
Swedish Buy Now Pay Later (BNPL) giant Klarna is looking to raise about $1 billion from investors at a $30 billion valuation — a 30% drop from its current value, reports the Wall Street Journal.
Company Info
Additional Info
Email: press@klarna.com With over 90 million global active users and 2 million transactions a day, Klarna is meeting the changing demands of consumers who want to shop, pay and bank on one intuitive platform and with one trusted brand. Over 250,000 global retail partners, including H&M, Saks, Sephora, Macys, IKEA, Expedia Group, Samsung, ASOS, Peloton, Ralph Lauren, Abercrombie & Fitch, Nike and Shein have enabled Klarna's innovative shopping experience online and in-store. Klarna is one of the most highly valued private fintechs globally with a valuation of $45.6 billion. Klarna was founded in 2005, has over 4,000 employees and is active in 17 markets. Klarna has been backed by Sequoia Capital since 2010 and more recently, SilverLake, Dragoneer, Bestseller Group, Permira, Ant Group, HMI Capital, TCV, NorthZone, Commonwealth Bank of Australia, Merian Chrysalis Investment Company Limited, funds and accounts managed by BlackRock amongst others.