GIC-backed Klarna’s valuation hits $61b after fund raising

gic backed klarnas valuation hits 61b after fund raising

Sumary of GIC-backed Klarna’s valuation hits $61b after fund raising:

  • STOCKHOLM • Swedish payments firm Klarna has raised US$639 million (S$846 million) from a group of investors led by SoftBank’s Vision Fund II, lifting its valuation to about US$46 billion (S$61 billion) – higher than several of the region’s major banks..
  • Klarna, which allows shoppers to buy online through its merchant partners and settle dues in instalments via “buy now, pay later”.
  • Klarna’s other investors include Commonwealth Bank of Australia, Ant Group, rapper Snoop Dogg, BlackRock and Singapore’s sovereign wealth fund GIC..
  • Reuters reported last month that Klarna was close to raising a new round of funding at a valuation close to US$50 billion..
  • The company, whose chief executive is Swedish-born Sebastian Siemiatkowski, is among the largest players in the global BNPL sector, with more than 90 million global active users….

Want to know more click here go to source.

From -
Generic selectors
Exact matches only
Search in title
Search in content

Site Language


By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.