Klarna Closes $800M Financing at $6.7 Billion Post Valuation

Klarna, a Stockholm, Swden-based global leader in the generational shift away from credit cards, closed a new $800m financing at a $6.7 billion post valuation.

Backers included existing investors including Sequoia, the founders, Bestseller, Silver Lake, and Commonwealth Bank of Australia, and new backers Mubadala Investment Company, and Canada Pension Plan Investment Board (CPP Investments).

The company intends to use the funds to expand its position in the United States.

Led by Sebastian Siemiatkowski, CEO, Klarna is a fintech company that provides online financial services such as payments for online storefronts and direct payments along with post-purchase payments.The company has over 150 million global active users and 2 million transactions per day, is active in 45 markets with over 400,000 global retail partners, including H&M, Saks, Sephora, Macys, IKEA, Expedia Group, and Nike.

FinSMEs

11/07/2022