Source: Bloomberg
Summary
Klarna, a Swedish fintech company, has raised new funding that values the company at around €20 billion (about $23.15 billion). This is nearly double its Series C valuation of €11.7 billion. The funding round was led by investors such as Sequoia Capital, Silver Lake, and BlackRock.
Our Reading
The announcement sounds ambitious. Klarna’s valuation has doubled since its Series C round. The company is reportedly raising new funding to expand its services. Klarna’s valuation is now around €20 billion. “Because what’s a few billion dollars between friends in the fintech space?”
Author: Evan Null
