Gic-backed Digital Payments Firm Klarna's Valuation Hits $60.9B After Fund-raising, Banking News & Top Stories - The Straits Times
June 11, 2021 10:36 AMThis is higher than several of the region's major banks. : STOCKHOLM (REUTERS) - Swedish payments firm Klarna has raised US$639 million (S$845.8 million) from a group of investors led by SoftBank's Vision Fund II, lifting its valuation to about US$46 billion - higher than several of the region's major banks. Klarna, which allows shoppers to buy online through its merchant partners and settle their dues in instalments via "buy now, pay later" (BNPL), became Europe's most valuable start-up in March when a US$1 billion fund-raising valued it at US$31 billion.
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