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”
„To be honest I think that Sinaia, your conference, is much better then Davos.”
Many more interesting quotes in the video below:
