European fintech Klarna has confirmed that it has raised $800 million at a pretty hefty valuation drop.
Rumors have been circulating for at least the past month that Sweden-based Klarna, best known as a “buy now, pay later” service provider, was seeking to raise new funds. Initial reports suggested this valuation would be in the region of $15 billion, representing a sharp decline on its $45.6 billion valuation exactly a year ago. Then earlier this month, leaks suggested that the valuation may be closer to $6.5 billion — and that, as things have transpired, is pretty much the
Klarna confirms $800M raise as valuation drops 85% to $6.7B
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