Potential deal could cut Swedish fintech’s value by a third. Klarna was Europe’s most valuable startup after June funding.
Klarna Bank AB is looking to tap investors for more cash in a move that would reduce its valuation by about a third, Bloomberg reports.
The Swedish fintech company, which was valued at $46 billion last June, would be worth about $30 billion under its latest plans, said the people, who asked not to be named because the process isn’t public.
Klarna is seeking about $1 billion in its new funding round, according to the Wall Street Journal, which reported the plan earlier. In February, Bloomberg News reported that Klarna was exploring a valuation of about $50 billion to $60 billion with funding from new and existing investors.
The company, which offers buy-now-pay-later credit to shoppers, now operates in 20 markets globally, though its yearly operating losses have almost doubled in 2021 to $487 million. Investors include SoftBank Group Corp., Sequoia Capital and Permira and its 2021 fundraising made it Europe’s most valuable startup.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
