Swedish Fintech Klarna funding round makes it Europe’s most valuable startup at $31bn
Klarna Bank AB, commonly dubbed as Klarna, the Stockholm-based Swedish fintech company that offers online financial services, had raised a stark upsum of $1 billion in a latest fundraising campaign, springing up as the Europe’s most valuable start-up at $31 billion, the Swedish payments firm widely known for its “buy now pay later” business model.
In tandem, having been valued at $31 billion, the Swedish “buy now pay later” fintech firm came on to a same footing with a number of Europe’s largest publicly traded financial houses, while the company’s current market valuation puts it on a par with major European financial houses such as Credit Suisse, Barclays and Swiss Re.
Besides, the Stockholm-based online payment processor has been now valued more than Deutsche Bank, the largest lender in Germany.
March 5, 2021