Now that Klarna has a new valuation, is Affirm cheap?

Klarna’s announcement that its long-expected funding round has come to a close brought with it one of the steepest valuation resets in memory, at least as far as operating businesses are concerned. Now worth $6.7 billion after raising $800 million, the European BNPL provider is worth a fraction of its self just last year, though the new war chest means the company is now well-fueled to execute its business plan.
The movement of Klarna’s price has been something to behold. Coming into 2022 worth more than $46 billion, prices for the company’s next funding round were reportedly

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